In 2022, Lithuanian exports of goods did not do as well as usual because of the war in Ukraine. In 2002, the total value of Lithuanian export goods was rapidly increasing. If compared to the […]
The analysis of statistical data by Versli Lietuva shows that the strong growth of crude oil and other commodity prices on the global market, the ongoing COVID-19 pandemic and the difficult geopolitical situation in the […]
For Lithuania, which essentially grows grain for export and only consumes a small portion of it domestically, 2020 began favourably. The winter was warm and mild, and the plentiful as never before winter crops were […]
During Q1 this year, the Lithuanian economy was not stopped by unfavourable global winds – GDP growth remained rapid, reaching 3.9%. However, having an open economy, Lithuanian cannot ignore what is happening abroad. In recent […]
A growing economy not only strengthens a country‘s image abroad, but also means better living conditions for its people. Lithuanian economists predict that this year the Lithuanian economy will grow far more rapidly than last year. Exports, however, will not be the main factor of this. […]
During the first half of this year, Lithuanian exports shrank 2.4% compared to the corresponding period last year. Because of slow economic growth in Europe, exports to EU countries fell 4%. The Brexit referendum caused […]
In June, Lithuania exported goods worth €1.83 billion and imported for €2.06 billion, according to preliminary data from Statistics Lithuania. Compared to June last year, exports contracted 7.5%, while imports went down 8.1%. Some of […]
A Lithuanian furniture maker has been forced to freeze plans of investment after the United Kingdom, its biggest export market, voted to leave the European Union.
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First quarter’s foreign trade of Lithuanian businesses has been equal to 40% of last year‘s volumes, shows the latest analysis by the Confederation of Industrialists, the country’s biggest business association. Analysts point out several trends […]
With the euro depreciating against the dollar, Lithuanian exports to the United States have jumped in the first quarter of 2016. The value of exports to the US increased by more than 35% or by […]
Lithuanian foreign trade figures have improved early this year due to growing exports and falling imports. In the first quarter of 2016, Lithuanian exports of products and raw materials amounted to €5.2 billion, while imports […]
Lithuanian Organic hemp grower UAB Agropro is entering the Japanese market. Up to now 95% of all of the company‘s products have been exported to European Union countries and the United States. “Japan is a […]
The strengthening of the euro against the US dollar is already negatively affecting Lithuania‘s exports. The higher euro exchange to the US dollar negatively affects Lithuania‘s exports as Lithuanian goods become more expensive and less […]
It will take three to four years for Lithuania’s economy to reach where Estonia is today, says Rokas Grajauskas, economist for Danske Bank. […]
The largest Israeli food industry delegation to date is currently on a visit to Lithuania with 50 Lithuanian companies set to meet with representatives of 13 Israeli companies. Israel is particularly interested in organic, vegetarian, […]
Lithuanian Prime Minister Algirdas Butkevičius met his Chinese counterpart Li Keqiang at an Asian business and politics forum. Butkevičius discussed the possibility of exporting Lithuanian dairy products to China and using the services of Lithuania‘s Klaipėda port and railways to import Chinese goods to Europe. […]
With a small domestic market, Lithuanian entrepreneurs are more and more often looking to foreign markets for opportunities to develop and expand their businesses. While many have been looking to the US or Western Europe, others have also begun glancing eastwards at markets like India and China. […]
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