Lithuania Archives - Economy Watch

Lithuania Export Import, Export Import in Lithuania, Lithuania Foreign Trade.

FOREIGN TRADE

Lithuania has experienced both trade deficit as well as Balance Of Payment deficit over the years.

Major Exports of the country are food, manufactures and live animals. Its exports partners are North America and South African Custom Union.

Important Importable commodities in the country are food, vehicle, machines and petroleum products. Its important imports partner is mainly Asian country.

The following diagram shows the levels of exports and imports of the country:

Economic Structure of Lithuania

STRUCTURE OF THE ECONOMY

Services sector contributes a lot for the country’s economic progress. According to given statistics, the percentage share of the services sector in the total GDP as of the year 2004 was 60.3.

Major industries of the country are electronics products, petroleum refining, agricultural machinery, food processing and computers.

Important agricultural products in the country include potatoes, sugar beets, vegetables, milk, fish and egg.

Lithuania Economy

Lithuania is an upper middle-income country comes under the Europe and Central Asia, according to the classification made by the World Bank on the basis of income and region for the year 2006. It has a total surface area of 65,300.0 square kilometers in 2004 with a total forest area of 20,200.0 square kilometers.

Social Indicators:

Demographic and social indicators of Lithuania are as follows:

Lithuania – Fast Facts

Lithuania is an Upper Middle income economies coming under the Europe and Central Asian region as to the classification made by the World Bank on the basis of income and region for the year 2006.

The country’s economy is in a path towards market friendly economy system. The economic progress is very slow in the country. A larger portion of the country’s Gross Domestic Product comes from the services sector followed by the Industrial sector.