Export, investments and tourism promotion

Created: 2014.02.10 / Updated: 2021.05.27 17:02

Foreign Trade

In 2020, Lithuanian exports accounted for EUR 28.6 billion and, as compared to 2019, decreased by 3.4%.

TOP 3: Russia – 13.4 %, Latvia – 9.3 %, Germany – 8.1 %

Source: Statistics Lithuania

The largest share in Lithuania’s exports fell within the categories of furniture (7% of total exports), petroleum products (6%) and chemical materials and products (4.9%).

In 2020, Lithuanian imports accounted for EUR 29 billion and, as compared to 2019, decreased by 9.3%.


TOP 3: Poland – 13.1%, Germany – 12.8%, Russia – 9.1%

Source: Statistics Lithuania

The largest share in Lithuania’s imports fell within the categories of petroleum products (8.9% of total imports), road vehicles (7.8%) AND electrical machinery and appliances (5.3%).

MAIN FOREIGN INVESTORS, 2020


TOP 3: Sweden – 18.5%, Estonia – 14.3%, the Netherlands – 11.1%

Source: Statistics Lithuania

FDI: In 2020, the FDI in Lithuania amounted to EUR 19.32 billion, a year-on-year increase of 4.08%.

Lithuania’s DI abroad: In 2020, the largest Lithuanian investment flows were directed to Latvia, Cyprus and Estonia. Lithuania’s cumulative DI abroad shrunk by 2.62% over the year and amounted to EUR 4.16 billion on 31 December 2020.

Source: Statistics Lithuania

Tourism

In 2020, Lithuanian accommodation services have welcomed 0.52 million tourists from foreign countries. The amount decreased by 73.1%, as compared to 2019.

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

 

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