2013 04 18

Export promotion agency expects 10-percent annual growth in Lithuania’s exports

Lithuania’s exports will grow by 10 percent in both 2013 and 2014 despite a recession in Europe and will reach 115 billion litas (EUR 33.3b) next year, Enterprise Lithuania projects.

Enterprise Lithuania / Juliaus Kalinsko / 15min nuotr.

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“The exports of Lithuanian manufacturers may grow even amid slowdown in demand on foreign markets,” Vadimas Ivanovas, an analyst with the government’s export promotion agency, said at a news conference on Wednesday.

The exports of industrial and farm goods of Lithuanian origin (excluding energy) should grow by 4.1 percent this year and by 4.7 percent next year, he added.