INDIA - LITHUANIA BUSINESS & CULTURAL COUNCIL

india-lithuania-business-and-cultural-council

Ambassador and Consul General

Deputy Head of Mission of Lithuania Zymantas Mozuraitis accepted the Honorary Membership of Global India Business Forum. Our Global President Dr.Jitendra Joshi and Director - Global Operations Ms. Deepali Gadkari visited the embassy to explore different business opportunities and trade between two countries.

Refined fuel, machinery and equipment, chemicals, textiles, foodstuffs, plastics

Oil, natural gas, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals

ABOUT

ABOUT LITHUANIA

The Republic of Lithuania is located in the Baltic region of Europe. It is one of 3 Baltic States that lies on the eastern shore of the Baltic Sea. Lithuania borders Belarus, Latvia, Poland, and Russia by land and Sweden by sea. Lithuania covers an area of 65,300 sq.km and has a population of 2.8 million. Its capital is its largest city: Vilnius. Other major cities are Kaunas and Klaipėda. Lithuanians come from an ethno-linguistic group of the Balts and speak Lithuanian, one of only a few living Baltic languages. On 11 March, 1990, Lithuania became the first Soviet Republic to proclaim its independence.

BUSINESS OPPORTUNITIES

BUSINESS OPPORTUNITIES IN LITHUANIA

There are a few different ways to start a business in Lithuania. The most common way is to get a business licence and then apply for bank loans. Once you have a business licence, you can start by creating an advertising campaign and selling your products or services. You can also start by marketing your business through social media or in local newspapers.
You can also start a business by starting your own company. This is the easiest way to start a business in Lithuania, but it takes more time and effort than other ways. If you want to be successful as a business owner in Lithuania, you need to be prepared to work hard and have some savvy business skills.

EXPORTS AND IMPORTS IN LITHUANIA

In 2021, Lithuania was the number 79 economy in the world in terms of GDP (current US$), the number 62 in total exports, the number 60 in total imports, the number 54 economy in terms of GDP per capita (current US$) and the number 30 most complex economy according to the Economic Complexity Index (ECI) .

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TOP EXPORTS OF LITHUANIA

The top exports of Lithuania are Refined Petroleum ($3.17B), Other Furniture ($2.01B), Wheat ($1.27B), Laboratory Reagents ($1.16B), and Rolled Tobacco ($858M), exporting mostly to Russia ($4.14B), Latvia ($3.65B), Germany ($3.27B), Poland ($3.03B), and United States ($2.39B).

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TOP IMPORTS OF LITHUANIA

The top imports of Lithuania are Crude Petroleum ($2.93B), Cars ($1.56B), Electricity ($1.55B), Packaged Medicaments ($1.14B), and Broadcasting Equipment ($851M), importing mostly from Poland ($5.28B), Germany ($5.08B), Russia ($4.56B), Latvia ($3.35B), and Netherlands ($2.22B).

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