Export, investments and tourism promotion

Foreign Trade

In 2019, Lithuanian exports accounted for EUR 29.6 billion and, as compared to 2018, increased by 4.7%.

TOP 3: Russia – 14 %, Latvia – 9.5 %, Poland – 7.9 %

Source: Statistics Lithuania

The largest share in Lithuania’s exports fell within mineral oils and products (11.9% of total exports), furniture (6.7%), road vehicles (5.3%).

In 2019, Lithuanian imports accounted for EUR 31.8 billion and, as compared to 2018, increased by 2.8%.

TOP 3: Russia – 14.7%, Poland – 11.9%, Germany – 11.6%

Source: Statistics Lithuania

The largest share in Lithuania’s imports fell within mineral oils and products (14.1% of total exports), road vehicles (9.4%), electrical machinery (4.7%).

MAIN FOREIGN INVESTORS, 2019

TOP 3: Sweden – 16.8%, Estonia – 14.9%, the Netherlands – 14%

Source: Statistics Lithuania

FDI: In 2019, the FDI in Lithuania amounted to EUR 18.56 billion, a year-on-year increase of 9.46%.

Lithuania’s DI abroad: In 2019, the largest Lithuanian investment flows were directed to Latvia, the Netherlands and Estonia. Lithuania’s cumulative DI abroad grew by 1% over the year and amounted to EUR 4.3 billion as at 31 December 2019.

Source: Statistics Lithuania

Tourism

In 2019, Lithuanian accommodation services have welcomed 1,94 million tourists from foreign countries. The amount increased by 11.1%, as compared to 2018.

Source: Statistics Lithuania

Useful Links

Lithuanian governmental agency for business promotion: Enterprise Lithuania

Lithuanian governmental agency for investment promotion: Invest Lithuania

Lithuanian governmental agency for science, innovation and technology: MITA

Lithuanian governmental institution for tourism promotion: Public enterprise Lithuania Travel

Ministries: Ministry of the Economy and Innovation; Ministry of Finance

Central Bank of the Republic of Lithuania: Bank of Lithuania

Lithuanian business associations: Lithuanian Confederation of Industrialists; Lithuanian Business Confederation; Association of Lithuanian Chambers of Commerce, Industry and Crafts; Investors’ Forum

Official Statistics Portal: Lithuanian Statistics