On November 5, Ihor Petrashko, Minister of Economic Development, Trade and Agriculture of Ukraine met with Valdemaras Sarapinas, Ambassador Extraordinary and Plenipotentiary of the Republic of Lithuania to Ukraine.

During the meeting, they discussed ways to deepen mutually beneficial cooperation in the trade and economic sphere. In particular, the parties considered the prospects and opportunities for enhancing interaction in the field of industry, agriculture, infrastructure, innovations etc.

Considering the priority of the Lithuanian market and the possibility of a promising partnership, Dnipropetrovsk Investment Agency analyzed the foreign economic relations of the Dnipropetrovsk region with the Republic of Lithuania for the last year.

Total trade turnover (goods and services) of the Dnipropetrovsk region with Lithuania in 2019 amounted to $77.2 mln and compared to 2018, it increased by $17.5 mln or by 22.6%. Exports of goods from the region amounted to $36 mln, and increased compared with 2018 by $3.8 mln or 10.4%. At the same time, Lithuania imports increased by 34% or $12.1 mln amounted to $35.8 mln. In general, the balance of bilateral trade (goods and services) for the region in 2019 was negative in the amount of $ 1.5 mln.

Among the main types of products that are exported from the region in Lithuania, the largest volume is occupied by:

• iron and steel – $16.7 mln (2% out of total Lithuanian world imports);
• articles of iron or steel – $3.6 mln;
• plastics, polymeric materials – $3.3 mln;
• machinery, mechanical appliances – $3 mln (exports increased in 5 times);
• railway locomotives – $2 mln (exports increased in 9 times).

Record growth in exports to the Republic of Lithuania over the past year was shown by: footwear (exports increased in 50 times), knitted clothing (in 44 times), ceramics (in 26 times), leather goods (in 21 times), other finished textile products (in 11 times).

If we talk about product groups imported by businessmen of Dnipropetrovsk region from the Republic of Lithuania, then the largest volumes were:

• plastics, polymeric materials – $17.8 mln;
• mineral fuels, mineral oils and products of their distillation – $6.5 mln;
• machinery, mechanical appliances – $2.3 mln;
• means of land transport, except for railway – $1.7 mln (import increased in 5 times);
• electrical machines – $1.4 mln;

The record growth in imports from Lithuania over the past year occurred in the following categories: copper and copper products (imports increased in 77 times), pharmaceutical products (in 4 times), furniture (in 3 times), optical and photographic devices and apparatus (in 3 times), tanning extracts (in 2 times).

More information about the dynamics of foreign trade relations we invite you to find in the open data module DIAGRAM by the link.