“Judging from my experience, I may say that Sweden is gaining popularity among Lithuania’s businesses fast. But it does not mean that the demand for Lithuanian goods and services is growing in Sweden at the same time. These expectations do not meet the reality hence they should be left aside,” Sigitas Brazinskas, member of Swedish Chamber of Commerce in Lithuania, told the daily.
In his opinion, Lithuania’s companies stand best chances in three sectors of Sweden’s market, including textiles, other than in mass production, printing and packaging as well as the services and goods related to construction.
According to the data made available by Lithuania’s statistics office, last year Lithuania’s exports to Sweden reached record 2.5 billion litas (EUR 724.6m). Trade with Sweden exceeded 1 billion litas in the first five months of this year.