Lithuania

Герб
 Флаг
 

Coat of arms: consisting of an armour-clad knight on horseback holding a sword and shield, is also known as Vytis.

The heraldic shield features the field gules (red) with an armoured knight on a horse salient argent (silver). The knight is holding in his dexter hand a sword argent above his head. A shield azure hangs on the sinister shoulder of the knight with a double cross or (gold) on it. The horse saddle, straps, and belts are azure. The hilt of the sword and the fastening of the sheath, the stirrups, the curb bits of the bridle, the horseshoes, as well as the decoration of the harness, are or (gold).

Flag: consists of a horizontal tricolor of yellow, green, and red. The yellow in the flag is meant to symbolize the sun and prosperity, the green is for the forests, the countryside, liberty, and hope, and the red represents the blood and bravery of those who have died for 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:

HS code

Commodity heading

Share in total imports, %

27

Mineral fuels, mineral oils, and products of their distillation

20.1

84

Nuclear reactors, boilers, machinery, and mechanical appliances; parts thereof

10.0

87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

9.6

85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers

7.4

39

Plastics and articles thereof

4.5

30

Pharmaceutical products

3.3

29

Organic chemicals

2.6

72

Iron and steel

2.4

44

Wood and articles of wood; wood charcoal

2.3

73

Iron or steel articles

2.1

90

Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories

2.1

03

Fish

1.6

48

Paper and paperboard; articles of paper pulp, of paper or paperboard

1.5

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)

Year

Turnover

Exports

Imports

Surplus

2013

1539.0

1072.6

466.4

606.2

2014

1407.2

1042.0

365.2

676.8

2015

1241.8

964.0

277.8

687.2

2016

1032.5

767.0

265.5

501.5

2017

1166.8

848.3

318.4

529.9

2018

1512.9

1156.2

356.7

799.5

as compared to 2017,%

129.7

136.3

112.0

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

HS code

Commodity heading

in million U.S. dollars

Commodity heading no. 44

Wood and articles thereof

186.5

8704

Vehicles

173.8

2710

Petroleum oils

84.8

3105

Fertilizers

75.5

2716

Power

54.3

3208 — 3210

Paints and vanishes

37.9

7403

Copper

32.4

7214

Bars and rods of non-alloy steel

37.0

7217

Wire of non-alloy steel

32.2

1514

Rape oil

28.4

Commodity heading no. 85

Electrical machinery and equipment

26.1

Commodity heading no. 84

Boilers, machinery, and mechanical appliances

25.2

0811

Frozen fruits

18.3

7610

Aluminium structures

15.2

9401 — 9403

Furniture

14.7

7213

Hot-rolled bars and rods of non-alloy steel

13.8

Commodity heading no. 61

Knitted clothing

13.2

9013

Liquid crystal devices, lasers

12.5

Commodity heading no. 62

Apparel

11.3

3704 — 7306

Pipes of iron or steel

10.4

5309

Woven fabrics of flax

9.1

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:

HS code

Products

1514

Rape oil

1517

Margarine

2517

Pebbles, gravel, crushed stone

2523

Portland cement

2703

Peat

3208, 3209, 3210

Paints and varnishes

44

Wood and articles of wood; wood charcoal

48

Paper and paperboard; articles of paper or paperboard

61

Knitted clothing

62

Clothing of textile materials

6809, 6810

Articles of plaster, cement and concrete

7005, 7006, 7007

Float glass and other glass

7008

Multiple-walled insulating units

7610

Aluminium structures

8428 — 8433

Road construction machinery and agricultural machinery

8703 — 8705

Cars and trucks, special purpose motor vehicles

8716

Trailers and semi-trailers

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.

Years Gross investment Direct investment

2013

178.5

105.7

2014

233.5

190.1

2015

168.9

139.6

2016

253.4

185.8

2017

198.2

180.6

2018

196.6

166.3

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.

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