Lithuania

• Anthem: «Tautiška giesmė» is the national anthem of Lithuania. The music and lyrics were written in 1898 by Vincas Kudirka.
• Official languages: Lithuanian.
• Geographical location: it is a country in the Baltic region of Europe. It is situated along the southeastern shore of the Baltic Sea, to the east of Sweden and Denmark. It is bordered by Latvia to the north, Belarus to the east and south, Poland to the south, and Kaliningrad Oblast (a Russian exclave) to the southwest.
• Administrative divisions: politics of Lithuania takes place in a framework of a unitary semi-presidential representative democratic republic, whereby the President of Lithuania is the head of state and the Prime Minister of Lithuania is the head of government, and of a multi-party system. Executive power is exercised by the President and the Government, which is headed by the Prime Minister. Legislative power is vested in both the Government and the unicameral Seimas (Lithuanian Parliament). Judicial power is vested in judges appointed by the President of Lithuania and is independent of executive and legislature power. The judiciary consists of the Constitutional Court, the Supreme Court, and the Court of Appeal as well as the separate administrative courts.
• Capital: Vilnius.
• Governance: the country's 10 counties are subdivided into 60 municipalities.
• Population: 2.85 million.
• Currency: Euro.
• GDP: €45.2 billion.
• Time zone: GMT +2, GMT +3.
• Telephone code: +370.
• Barcode: 477.

Trade and economic cooperation between Belarus and Lithuania

Lithuania's economic performance in 2018:

• GDP — €45.2 billion;
• GDP growth — 3.5%;
• Inflation (yearly average) — 2.7%;
• Unemployment — 6.2%;
• Average gross salary — 921 euro;
• Exports — €28.3 billion;
• Imports — €30.9 billion;
• Doing Business — 14th position.

Lithuania's most valuable export products:

• petrochemicals;
• fertilizers;
• iron and steel;
• wood and articles thereof;
• animal or vegetable fats and oils;
• power.

Lithuania mainly imports the following products:

Lithuania is one of the most important trade partners of Belarus and is among the top-10 countries investing in Belarus.

The following initiatives enhance trade and economic cooperation between the countries:

• Belarusian-Lithuanian Commission on Trade and Economic Cooperation;
• Belarusian-Lithuanian Economic Forums;
• cooperation between the districts of Belarus and Lithuania;
• investments in the economies of the countries and joint investment projects;
• a constructive dialogue between the authorities and businesses of both countries.

Dynamics of trade between Belarus and Lithuania (in million U.S. dollars)

In 2018, trade turnover between the countries was up 29.7% to $1.51 billion as compared to 2017. Belarus' exports increased by 36.3% to $1.16 billion, imports — by 12% to $356.7 million. Trade surplus amounted to $799.5 million.

Belarus supplies a wide range of goods to Lithuania. In 2018, it exported goods of 642 commodity headings against goods of 645 commodity headings in 2017.

Belarus mainly exported the following products to Lithuania in 2018

Belarus mainly imports boilers, equipment and mechanical appliances, plastics and articles thereof, electrical machinery and equipment, paper and paperboard from Lithuania.

Belarus's most promising products to export to Lithuania:

In 2018, the share of Lithuania in Belarus' total trade in commercial services was 6.7% or $811.9 million, a 16.5% increase from 2017.

Belarus' exports of commercial services to Lithuania were up 21.9% to $329.9 million as compared to 2017. There was an increase in exports of transport services (by 17.6% to $246.5 million),  construction services (by 56.8% to $28.6 million), IT services (by 75.1% to $17.4 million) and travel services (by 19.5% to $3.3 million) as well.

In 2018, Belarus' imports from Lithuania prevailed its exports to this country and increased by 13% to $482 million as compared to 2017.

Transport services accounted for 85.1% in Belarus' total imports. In 2018, Lithuania increased exports of these services by 13.3% to $410.2 million.

Lithuania is among the top-10 investors in Belarus. In 2018, it was the 7th investor among all countries and the 4th one among all EU-countries.

Over the last five years, Lithuania has invested more than $150 million in Belarus every year. In 2018, Lithuania's investment in Belarus amounted to $196.6 million, direct investment — $166.3 million.

A number of large-scale investment projects with Lithuanian capital are implemented in Belarus in construction, retail trade, woodworking, agriculture and logistics. The biggest Lithuanian investors are ARVI Group of Companies (agriculture and animal waste recycling), Vakaru Medienos Grupe, Ltd. (VMG) (wood processing), Modus Group (energy), VP grupe and Senukai, Kesko, Oma (shopping centers).

There are more than 600 companies with Lithuanian capital in Belarus and about 250 companies with Belarusian one in Lithuania.

Belarus supplies about 30% of its products to Lithuania through 50 foreign subsidiaries of the biggest Belarusian companies, such as UAB Prekybos namai BMZ-Baltija, UAB Amkodor Baltic, UAB Baltkalis, UAB Beltair, UAB Mogotex Baltic, UAB Transchema.

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Republic of Lithuania, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Lithuania for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

When using the materials of this article, the link to Export.by is obligatory.

Administration of Export.by

Administration of Export.by

Back to Country Guidebooks List