Lithuania - Market Overview
Table of content
Source: Statistics Canada
Note: Data on Lithuania-Canada bilateral investment is not available.
2018 Trade between Lithuania and Canada (C$, Millions)
|Merchandise Trade (Statistics Canada)||(C$, Millions)|
|Canadian Merchandise Exports to Lithuania||$105.2|
|Canadian Merchandise Imports from Lithuania||$210.9|
|Trade in Services (Bank of Lithuania)||(C$, Millions)|
|Canadian Service Exports to Lithuania||$13.3|
|Canadian Service Imports from Lithuania||$12.6|
Why Lithuania Matters
- Lithuania is Canada’s largest market in the Baltics for merchandise imports and exports.Footnote 1
- • Lithuania has the largest economy in the Baltics with a nominal GDP in 2017 of 47.168 billion USD.Footnote 2
- Localised demands in the Baltic region for higher value, higher quality goods have potential for creating stronger trade and investment opportunities for Canadian companies.
How to export to Lithuania
Read the guide Exporting to the EU.
Sectoral Opportunities in Lithuania
Agriculture and Processed Foods
Canadian exports of agrifood products to Baltic states like Lithuania are modest – most Lithuanians either make food locally or import from Scandinavian countries. However, the Baltics are going through a period of rapid change affecting both food production and distribution mechanisms, as well as consumer tastes. A rising interest in convenience, health, and foreign foods, in particular, opens up opportunities for Canadian exporters. On the side of exports, Lithuania’s food production sector is also changing quickly, and there is a growing orientation towards producing convenient, environmentally- and health-friendly food products.
Although the Baltics region has a relatively small environmental technologies sector, it is growing steadily. With existing investment from other Nordic countries, Canadian investment could further bolster the growing clean technology sector in Lithuania.
To learn more about trade and investment opportunities in Lithuania, contact your Trade Commissioner in Vilnius, Lithuania.
- Date Modified: