Exports

The Lithuanian Agriculture Ministry, the Lithuanian State Food and Veterinary Service and China's General Administration of Quality Supervision, Inspection and Quarantine have signed a protocol requirements for exporting Lithuanian dairy products to China.

Lithuania is the fourth biggest supplier for Ikea after Poland, Italy and Germany. Furthermore, the Swedish furniture and home accessory retailer has plans to expand in Russia, which is a convenient destination for Lithuanian production.

On Tuesday, the Food Safety and Inspection Service of the United States Department of Agriculture officially announced the list of Lithuanian companies which will be allowed to import meat products to the USA.

A list of priority export markets was approved in Lithuania's Ministry of Foreign Affairs Economic Diplomacy Council on Tuesday.

Exports of transport services to Russia is offset by providing more of these services to the European Union (EU) countries. The results of the Lithuania's Review of the first half of the year, prepared by the Bank of Lithuania, show that the most rising exports markets are to Austria, Denmark and Fr...

Although the volume of exports of Lithuania's goods and services to Russia shrank significantly due to Moscow's embargo, which was imposed on a year ago, it has had only a minimal impact on Lithuania's economy, says Vaiva Šečkutė, senior economist at Swedbank 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.

DNB Bank's chief economist for the Baltic states Jekaterina Rojaka says that shock therapy will be for the better of Lithuania's economy.

A meeting between new Ambassador of Iraq to Lithuania, Asaad Sultan Hachim Abu Galal, and representatives of Lithuanian meat processors interested in export opportunities to Iraq was organised at the Ministry of Foreign Affairs on Monday.

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.

Lithuania’s Prime Minister Algirdas Butkevičius on weekend invited China’s Deputy Prime Minister to send experts to check the Lithuanian dairy and meat processing companies before autumn.

Trade with Iran accounts for a fair amount of the Lithuanian foreign trade in agricultural products. Last year, it went up by 9.5 percent.

This week specialists from the Ministry of Agriculture, Forestry and Fisheries of Japan are visiting Lithuania to examine how food and veterinary control is implemented in the beef sector. Inspection results will determine further negotiations over export of Lithuanian beef and its products to Japan...

Bank DNB analysts say that it is clear when evaluating Lithuania's short-term export prospects that the first six months of 2015 will be the hardest. Producers who incurred losses due to harsh sanctions imposed by Russia are now reorienting towards new markets and reforming their business models.

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.

Lithuania's State Food and Veterinary Service (VMVT) has received a confirmation from Brazil's Ministry of Agriculture, Livestock and Food Supply regarding a permit to export Lithuanian cheese Džiugas to Brazil.

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 Bank of Lithuania forecasts that the domestic demand-driven Lithuanian economy will continue growing, albeit at a slower pace than previously expected. The worse outlook for the Russian economy, determined by persisting geopolitical tensions and falling oil prices, will have an essential influen...