International trade

Lithuanian exports to Israel increased by 40.6% in 2015 according to the latest statistics, and put Lithuania only second to Ireland in export growth to Israel among EU countries.

Lithuanian exports grew by 2.6% last year, excluding oil products, despite the Russian embargo on many Lithuanian goods, with exports to Russia falling by more than 50%.

Lithuanian Railways has begun regular shipments between Lithuania and Italy that will open export routes for Lithuanian goods.

Lithuanian meat and milk processors and the Ministry of Economy have created a joint working group to prepare and implement a plan to expand Lithuanian food exports in emerging markets.

Lithuania is shortly to receive a response from Japan about whether the country will allow Lithuanian beef imports.

Russia's federal veterinary and phytosanitary supervisory authority, the Rosselkhoznadzor, has banned the import of third country fish products via Lithuania.

Statistics Lithuania reports that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, Lithuania's exports in June 2015 amounted to EUR 2 billion, imports - EUR 2.3 billion.

Statistics Lithuania reports that in June, the volume of Lithuania's exports decreased by 3.6 percent on a year-on-year basis. But the decrease was influenced by a significant fall of re-exports, since exports of Lithuanian-made goods grew by 3.7 percent.

The Veterinary Supervision Authority of Kazakhstan has decided to introduce temporary restrictions on imports of Estonian and Latvian fish products, including canned fish, following the lead of Russia, Public Broadcasting reports.

The first estimate for euro area exports of goods to the rest of the world in May 2015 was EUR 164.4 billion, an increase of 3 percent compared with May 2014 (EUR 160.2 bn).

Statistics Lithuania reports that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in May 2015 amounted to EUR 2 billion, imports - EUR 2.2 billion.

China's stock market plunge may affect EU and global trade, Lithuanian Foreign Minister Linas Linkevičius said on Thursday.

Amid deteriorating relations with Russia, Lithuania is helping businesses to look for new markets abroad, Foreign Minister Linas Linkevičius says.

Good news from Chile has reached manufacturers of milk products this week - an official permission has been granted for them to export their production to this country, Lithuania's State Food and Veterinary Service (VMVT) reports.

Lithuanian Foreign Minister Linas Linkevičius expects that his first visit to Saudi Arabia will soon produce good results, saying that the country is waiting for a Lithuanian business delegation and is interested in Lithuanian goods.

According to Eurostat, the statistical office of the European Union, in January-February 2015, Lithuania's intra-EU exports of goods stood at EUR 2.1 billion, up 2 percent compared with January-February 2014. Extra-EU exports of goods stood at 1.2 billion, down 19 percent compared with January-Febru...

The Lithuanian government plans to earmark additional 3.14 million euros for litigation with Russia’s Gazprom at the United Nations’ arbitration court (UNCITRAL, United Nations’ Commission on International trade Law).

Continuing geopolitical tensions in Eastern Europe will continue to affect Lithuania's economy in 2015, says Nerijus Mačiulis, chief economist at Swedbank.

Lithuania's delegation at this year's Berlin International Green Week, an important international trade fair held annually in Berlin, is going to focus on finding new markets.