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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.
The embassies of Israel and Lithuania will launch a new book on a Jewish Lithuanian woman traveler, Schlomith Flaum, and her encounters with Rabindranath Tagore, Gandhi and other leading personalities of the early 20th century India.
The book launches are scheduled at the C. D. Deshmukh Auditorium of the India International Centre, New Delhi, on 19 March and the Abanindranath Tagore Gallery, ICCR, Kolkata on 20 March.
Although India’s new import tariffs on pulses considerably dented Lithuania’s agricultural exports to India in 2017, bilateral trade in other categories continued growing, the annual report released by the Statistics Lithuania agency has revealed.
Klaipeda, Lithuania, Aug 21 (Reuters) - Lithuania received its first spot shipment of liquefied natural gas (LNG) from the United States on Monday, the result of a deal aimed at reducing dependence on Russia and consolidating relations with Washington amid increased tension in the region.
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