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Lithuanian exports to India expand by 2.1 times in 1H 2017, further driven by the sales of matar, flax and wood
Agricultural products have become the key driving force behind the robust growth of Lithuania’s exports to India, the national statistics agency, Statistics Lithuania, reports.
As per the agency’s data, in the first half of 2017, Lithuania’s main export commodities to India were matar (pea, 57.4%), plastics and articles thereof (8.5%), flax (5.3%), wood and articles of wood (4.9%), wadding, felt and nonwovens (4.2%).
Compared to the same period last year, the exports of Lithuanian matar expanded by almost 5 times, flax – by 2.5 times, raw wood (statistical code 4407) – by 1.9 times. These three commodities combined constituted 64.1% of Lithuania’s total export to India.
The exports of high-value added commodities like electrical machinery and equipment (3.0%) and Lithuanian lasers (2.9%), remained traditionally strong and amounted to EUR 2.2m.
Overall, the Lithuanian exports to India grew by 2.1 times and amounted to EUR 36.4m.
Meanwhile, Lithuanian imports from India during the first half of 2017 shrank by 9.4% and amounted to EUR 21.9m.
Pharmaceuticals (7.0%), tobacco (6.9%), worn clothing and worn textile articles (6.6%), fish and other aquatic bodies (6.3%), machinery and mechanical equipment (5.6%), edible fruit and nuts (5.2%), and footwear (5.0%), featured as the leading import commodities.
In 2016, India was Lithuania’s 32nd largest export market globally.
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