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Export, investments and tourism promotion

Export, investments and tourism promotion

Export

In 2022, Lithuanian exports accounted for EUR 44.1 billion and, as compared to 2021, increased by 28.1 %.

TOP 3: Latvia - 12.9%, Poland - 9%, Germany - 7.9%.

The largest share in Lithuania’s exports fell within the categories of mineral products (17%), production of the chemical industry and related industries (12.3%), machines and mechanical devices, electrical equipment (11.4%).

Source: Statistics Lithuania

Import


 

In 2022, Lithuanian imports accounted for EUR 52.3 billion and, as compared to 2021, increased by 39%.

TOP 3: Germany - 11.8%, Poland - 11.7%, Latvia - 7.8%.

The largest share in Lithuania’s imports fell within the categories of mineral products (28.6%), machines and mechanical devices, electrical equipment (14.7%), production of the chemical industry and related industries (11.3%).

Source: Statistics Lithuania

FDI

TOP 3: Germany – 19%, Sweden– 10,9%, Estonia – 10.4%.

FDI: In 2022, the FDI in Lithuania amounted to EUR 29,74 billion, a year-on-year increase of 9,7%.

In 2022, Lithuania also attracted a record number of 57 FDI projects,16% more than in 2021.

Lithuania’s DI abroad: In 2022, the largest Lithuanian investment flows were directed to the United States, Latvia, Estonia, and Cyprus. Lithuania’s cumulative DI abroad increased by 4,4% over the year and amounted to EUR 10,58 billion on 31 December 2022.

Source: Statistics Lithuania

Tourism

In 2022, Lithuanian accommodation services have welcomed 1,1 million tourists from foreign countries. The amount increased by 127.5%%, as compared to 2021.

Source: Statistics Lithuania

 

Useful links:

Lithuanian governmental agency for the development of Lithuanian innovation ecosystem and business promotion: Innovation Agency Lithuania

Lithuanian governmental agency for investment promotion: Invest Lithuania

Lithuanian governmental institution for tourism promotion: Public enterprise Lithuania Travel

Ministries: Ministry of the Economy and InnovationMinistry of Finance

Central Bank of the Republic of Lithuania: Bank of Lithuania

Lithuanian business associations: Lithuanian Confederation of IndustrialistsLithuanian Business ConfederationAssociation of Lithuanian Chambers of Commerce, Industry and CraftsInvestors’ Forum

Official Statistics Portal: Lithuanian Statistics