Exporting guide to Lithuania

Overview

Located at a crossroads between Northern, Central and Eastern Europe, Lithuania is politically stable. Its economy is small but diverse, with established manufacturing and agricultural sectors and growing technology and service sectors.

Trade statistics

£966.0 million total UK exports to Lithuania for the four quarters to the end of Q1 2022

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: July 2022)

57th largest UK export market

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: July 2022)

0.1% of total UK exports for the four quarters to the end of Q1 2022

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: July 2022)

Ease of doing business

Lithuania is economically and politically stable, has a strategic location in Europe and its workforce is multilingual and well educated. Lithuania is a member of NATO, the European Union and the Schengen Area.

Strong UK trade relations

In May 2022, the UK and Lithuania signed a joint declaration to increase security and economic cooperation. This marked 100 years of joint collaboration between the 2 nations. The declaration seeks to increase the volume of our bilateral trade and investment, and support the development of economic and trade cooperation.

Top five UK goods exported to Lithuania, in the four quarters to the end of Q1 2022

Goods Value (£million)
Crude oil 138.1
Specialised machinery (capital) 42.8
Fish & shellfish 34.9
Cars 34.2
Scientific instruments (capital) 30.5

Source: ONS Trade in goods: country-by-commodity exports
Last updated: July 2022
Download the latest trade and investment factsheet for Lithuania.

Top five UK services exported to Lithuania, in the four quarters to the end of Q1 2022

Service Value (£million)
Travel 152.0
Transportation 77.0
Other Business Services 20.0
Telecommunications, computer and information services 14.0
Intellectual property 2.0

Source: ONS UK trade in services: service type by partner country, non-seasonally adjusted
Last updated: July 2022
Download the latest trade and investment factsheet for Lithuania.

Lithuania: at a glance

Economic growth

4.9%

Actual figure (IMF, 2021)
The UK is 7.4% (IMF, 2021, projected figure)

GDP per capita

$23,473

Actual figure (IMF, 2021)
The UK is $47,203 (IMF, 2021, projected figure)

Currency

Euro

Business language

Lithuanian, English

You may need a translator

Time zone

GMT +3

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Opportunities for exporters

There are opportunities for UK companies across a broad range of industries. Our trade advisers in the Lithuania have identified particular opportunities for UK businesses in the following sectors:

Check for trade barriers

Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.

See current trade barriers

See resolved trade barriers

Check duties and customs

Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.

See current duties and customs procedures

Doing business in Lithuania

Preparing to export

Taxation

If you're planning to export to Lithuania, make sure you're aware of the tax rates and regulations that may apply to your products. Information on taxes in Lithuania is available from the State Tax Inspectorate.

VAT

If you’re registered for VAT in the UK, it may be possible to zero-rate the goods you export to Lithuania, provided certain conditions are met.

The standard VAT rate in Lithuania is 21%.

Corporate tax

The standard corporate tax rate in Lithuania is 15%.

Standards and labelling

Products and packaging should meet EU standards. Labelling should be in Lithuanian. The Lithuanian Standards Board (website in Lithuanian) is responsible for standards.

Services regulations

Information on rules for selling services and business travel to Lithuania is available on gov.uk

Trade barriers

Check for any reported barriers to trading with Lithuania.

Report any trade barriers that are affecting your business so we can help fix them.

Operating in Lithuania

Operating in Lithuania

Lithuanian legislation, though aligned with EU requirements, can be complex. For help finding tax and legal advisers before entering into agreements, speak to our team in Lithuania.

Intellectual property

Intellectual property (IP) rights are territorial. Rights granted in the UK do not provide protection elsewhere. You should consider getting IP protection abroad if you want to trade overseas or sell to overseas customers via the internet.

The Intellectual Property Office’s International IP Service provides practical information to help you protect, manage and enforce your IP abroad. Further support can be accessed through the service’s network of IP attachés. Based in key UK export markets, they provide guidance to British businesses on local IP matters.

Payment terms

Lithuanian law requires that invoices should be paid within 30 calendar days of the receipt of the invoice or other equivalent document, unless the buyer and supplier agree on other payment conditions. The payment terms in Lithuania are defined by the Law on the Prevention of Delays in Payments made under Commercial Contracts of the Republic of Lithuania.

Use of a distributor

In most cases, you’ll need to use a local representative to do business in Lithuania, usually a distributor. It’s relatively easy to appoint a distributor and there are no legal barriers to agents and distributors operating for a UK company within Lithuania.

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.