Lithuanian trade with Russia recovering - news portal

  • 2018-02-26
  • LETA/TBT Staff

VILNIUS, Feb 26, BNS – The volume of Lithuania's exports to Russia will increase further this year after rapid growth in 2017, however, is unlikely to reach the 2013 level yet, news portal said.

Vadimas Ivanovas, senior analyst at experts promotion agency Enterprise Lithuania, said that the last year's growth of exports to Russia was mainly due to overall economic recovery in the country.

In 2017, exports to Russia went up to reach 80.9 percent of the 2013 level. Cider ranked first among Lithuanian exports, followed by trailers, boards, sheets and films. Lithuanian dairy and meat exports to Russia are banned.

Exports to Russia last year totaled at 3.94 billion euros, accounting for 14.9 percent of Lithuania's exports.