[{"data":1,"prerenderedAt":136},["ShallowReactive",2],{"naujienos/lithuanias-export-growth-has-slowed-down-slightly-in-the-first-half-of-2023/en":3},{"status":4,"data":5},true,{"image":6,"id":14,"seo":15,"title":65,"date":91,"url":87,"fullUrl":26,"text":92,"excerpt":25,"more":93,"tags":134,"temos":135},{"src":7,"is_svg":8,"ratio":9,"width":10,"height":11,"alt":12,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2023/08/shutterstock-1011983758-580x430-1.jpg",false,0.7413793103448276,580,430,"Lithuania's export growth has slowed down slightly in the first half of 2023","",6997,{"title":16,"robots":17,"og_locale":23,"og_type":24,"og_title":16,"og_description":25,"og_url":26,"og_site_name":27,"article_publisher":28,"og_image":29,"twitter_card":34,"schema":35,"breadcrumbs":79,"description":13,"language":88},"Lithuania's export growth has slowed down slightly in the first half of 2023 - Inovacijų agentūra",{"index":18,"follow":19,"max-snippet":20,"max-image-preview":21,"max-video-preview":22},"index","follow","max-snippet:-1","max-image-preview:large","max-video-preview:-1","en_US","article","In the first half of 2023, the export results of Lithuanian goods remained similar to the corresponding period of 2022. The total value of exports of Lithuanian goods decreased by 0.6 per cent and the value of exports of goods of Lithuanian origin went down by 6.6 per cent. This is due to a slower growth in the economies of Lithuania’s main export partners, especially in their industries, as well as a slowdown in export price growth. However, a recovery in industry and exports can be expected as soon as next year.","https://www.inovacijuagentura.lt/en/naujiena/lithuanias-export-growth-has-slowed-down-slightly-in-the-first-half-of-2023/","Inovacijų agentūra","https://www.facebook.com/inovacijuagentura",[30],{"width":31,"height":32,"url":7,"type":33},"580","430","image/jpeg","summary_large_image",{"@context":36,"@graph":37},"https://schema.org",[38,53,55,66,70],{"@type":39,"@id":26,"url":26,"name":16,"isPartOf":40,"primaryImageOfPage":42,"image":44,"thumbnailUrl":7,"datePublished":45,"breadcrumb":46,"inLanguage":48,"potentialAction":49},"WebPage",{"@id":41},"https://www.inovacijuagentura.lt/en/#website",{"@id":43},"https://www.inovacijuagentura.lt/en/naujiena/lithuanias-export-growth-has-slowed-down-slightly-in-the-first-half-of-2023/#primaryimage",{"@id":43},"2023-08-17T10:14:00+00:00",{"@id":47},"https://www.inovacijuagentura.lt/en/naujiena/lithuanias-export-growth-has-slowed-down-slightly-in-the-first-half-of-2023/#breadcrumb","en-US",[50],{"@type":51,"target":52},"ReadAction",[26],{"@type":54,"inLanguage":48,"@id":43,"url":7,"contentUrl":7,"width":31,"height":32,"caption":12},"ImageObject",{"@type":56,"@id":47,"itemListElement":57},"BreadcrumbList",[58,63],{"@type":59,"position":60,"name":61,"item":62},"ListItem","1","Home","https://www.inovacijuagentura.lt/en/",{"@type":59,"position":64,"name":65},"2","Lithuania’s export growth has slowed down slightly in the first half of 2023",{"@type":67,"@id":41,"url":62,"name":27,"description":13,"publisher":68,"inLanguage":48},"WebSite",{"@id":69},"https://www.inovacijuagentura.lt/en/#organization",{"@type":71,"@id":69,"name":27,"url":62,"logo":72,"image":77,"sameAs":78},"Organization",{"@type":54,"inLanguage":48,"@id":73,"url":74,"contentUrl":74,"width":75,"height":76,"caption":27},"https://www.inovacijuagentura.lt/en/#/schema/logo/image/","https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/05/ia-logo-main.svg","1886","786",{"@id":73},[28],[80,83,86],{"url":81,"text":61,"id":82},"/en/",7576,{"url":84,"text":85},"/en/news/","News",{"url":87,"text":65,"id":14},"/en/naujiena/lithuanias-export-growth-has-slowed-down-slightly-in-the-first-half-of-2023/",[89],{"url":26,"code":90,"locale":90,"default":8},"en","2023-08-17","\u003Cp style=\"text-align:justify\">In the first half of 2023, export prices grew by only 1 per cent, one of the main reasons being falling energy prices. “In the first quarter of this year, export prices were still rising by 6 per cent, but in the second quarter they were already down by 5 per cent. It is therefore very likely that we will continue to see a decline in export prices in the second half-year, and that prices may have a negative impact on the annual export results,” says Jonė Kalendienė, Head of Research and Analysis at Innovation Agency Lithuania.\u003C/p>\n\u003Cp style=\"text-align:justify\">The biggest negative impact on the value of exports of goods produced in Lithuania was caused by the chemical and pharmaceutical industries, where exports fell by 45.1 per cent. According to Ms Kalendienė, this was due to problems in the manufacturing plants of fertilisers and related chemicals, as well as to a high comparative base, as exports of fertilisers and related chemicals were the main contributors to the growth in the export results of the previous year. The global changes in the pharmaceutical sector following the COVID-19 pandemic are also having the same effect on the export decline in this sector. The wood and paper industry (-18.7 per cent), the furniture industry (-10.2 per cent) and the tobacco industry (-11.5 per cent) contributed to the export change to a lesser yet negative extent. Exports from the petroleum industry continued to grow rapidly (15 per cent). Exports of engineering products also showed a positive development (5.6 per cent). “The high- and medium-high-tech products produced by this sector are not very sensitive to fluctuations in demand, and in the context of the war in Europe, their demand in the military industry, which is often financed by the public sector, is high,” says Ms Kalendienė.\u003C/p>\n\u003Cp style=\"text-align:justify\">In terms of markets, in the first half of 2023, the main export destinations for products of Lithuanian origin were Poland, Germany, the Netherlands, Latvia and the USA. The difficulties of the German industry mainly contributed to the decline in exports, leading to a 16.7 per cent drop in exports of goods of Lithuanian origin to that country.\u003C/p>\n\u003Cp style=\"text-align:justify\">According to the May 2023 forecast, the European Commission predicts a very slow growth for Germany this year, and the downward trend in exports is likely to continue until the end of the year. Although the US is forecast to experience a faster economic recovery, Lithuania’s exports of chemical products to this country have halved in the first half of 2023 (52.8 per cent), which is largely responsible for the decline in exports in this direction (-13.9 per cent).\u003C/p>\n\u003Cp style=\"text-align:justify\">In the context of the war in Ukraine, exports of goods of Lithuanian origin to the aggressor countries Russia and Belarus have been declining. Exports to Russia were 55 per cent lower (-EUR 59.5 million) than in the same period last year, while exports to Belarus were 7.7 per cent lower (-EUR 3.1 million). Meanwhile, the value of exports to Ukraine grew by 118.9 per cent (EUR 226.5 million), and it was the Ukrainian market that mostly contributed to the growth of exports of goods of Lithuanian origin.\u003C/p>\n\u003Cp style=\"text-align:justify\">In the first half of 2023, the value of re-exports grew by 10.1 per cent, compared to the same period last year. In terms of markets, the main destinations for re-exports were Russia, Latvia, Belarus, Poland and Estonia. In the first half of 2023, compared to the same period last year, the value of re-exports to Russia slightly decreased (-EUR 33.5 million), but the value of re-exports increased significantly to the following countries: Belarus (EUR 542 million), Central Asian countries such as Kazakhstan (EUR 193.4 million), Kyrgyzstan (EUR 251.6 million), Uzbekistan (EUR 82 million), as well as Turkey (EUR 74.4 million), Armenia (EUR 66.5 million) and Sakartvelo (EUR 51.7 million). Thus, in the first half of 2023, the change in the value of Lithuania’s total exports was positively influenced by the development of re-exports of goods to countries through which the sanctioned goods enter the Russian market.\u003C/p>\n\u003Cp style=\"text-align:justify\">According to the analysts of Innovation Agency Lithuania, taking into account the scenarios of the European and global economic development in 2023, the downward trend in the export of goods is very likely to continue until the end of the year. \u003C/p>\n",[94,103,112,126],{"image":95,"title":98,"url":99,"id":100,"text":101,"temos":102},{"src":96,"is_svg":8,"ratio":97,"alt":98,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/05/kosmoso-memorandumas-su-polsa.jpg",0.6669921875,"Lithuania Strengthens Cooperation with Poland and the United States in the Space Sector: Important Memorandums Signed","/en/naujiena/lithuania-strengthens-cooperation-with-poland-and-the-united-states-in-the-space-sector-important-memorandums-signed/",6748,"Lithuania’s space sector continues to strengthen international partnerships and expand cooperation with key players in the global space industry. Innovation Agency Lithuania has recently signed two significant memorandums of understanding – with the Polish Space Agency (POLSA) and the U.S. space infrastructure company Vast. These agreements open new opportunities for Lithuanian businesses, research institutions, and international projects.",[],{"image":104,"title":107,"url":108,"id":109,"text":110,"temos":111},{"src":105,"is_svg":8,"ratio":106,"alt":107,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/03/shutterstock-2539768243-1.jpg",0.7490234375,"Lithuania Ranks First in Europe in the Global Entrepreneurship Index","/en/naujiena/lithuania-ranks-first-in-europe-in-the-global-entrepreneurship-index/",6892,"The latest Global Entrepreneurship Monitor (GEM) 2025/2026 global report shows that Lithuania is the leading country in Europe in terms of the quality of its entrepreneurial environment and ranks among the world’s strongest economies in this field.",[],{"image":113,"title":115,"url":116,"id":117,"text":118,"temos":119},{"src":114,"is_svg":8,"ratio":97,"alt":115,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/01/karolina-urbonaite.jpg","Lithuania’s Startup Ecosystem Surpasses €16.4 Billion in Value: Investments Jump 1.7x in 2025","/en/naujiena/lithuanias-startup-ecosystem-surpasses-e16-4-billion-in-value-investments-jump-1-7x-in-2025/",6999,"The total value of Lithuania’s startup ecosystem reached €16.4 billion in 2025, according to the latest Dealroom report initiated by Startup Lithuania, a division of the Innovation Agency. In just one year, Lithuanian startups attracted €220 million in venture capital investments from 77 unique investors. The ecosystem’s growing maturity was further confirmed earlier this year with the addition of a new unicorn to Lithuania’s startup map — Cast AI.",[120,123],{"id":121,"name":122},577,"Growth",{"id":124,"name":125},579,"Innovation",{"image":127,"title":129,"url":130,"id":131,"text":132,"temos":133},{"src":128,"is_svg":8,"ratio":97,"alt":129,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2025/12/modix-fgf-3d-spausdintuvas-2.jpg","Mission-Driven Innovations: Science and Business Shaping Lithuania’s Future","/en/naujiena/mission-driven-innovations-science-and-business-shaping-lithuanias-future/",6904,"Some important scientific research activities and innovative business-developed products may sound complex – unsurprisingly, as they are developed by people who dedicate their entire lives to these fields. Yet behind these sophisticated terms lie concrete solutions that will eventually make each of our daily lives easier. Where science and business join forces, more accurate disease diagnostics for the health of us and our loved ones are developed, cybersecurity tools are created to protect the country, and climate-neutral production technologies and materials emerge to help preserve our nature and resources.",[],[],[],1780325203834]