Industry in Lithuania

Lithuania Industry is an extensive term that includes a variety of fields. Industry is Lithuania does not hold a major position in the country's economy as agriculture. Lithuania has an agricultural economy and the Soviet's efforts to change the type of economy into an industrial one were fruitless. Compared to other segments of the economy, Lithuania industry witnessed a steady fall, especially during the 1990s.

Employment in the industrial sector of Lithuania decreased in 1990. The major impediments that restricted the growth and development of industries in Lithuania were obsolete equipments, old technologies and dependence on unstable markets. The industries of Lithuania include chemicals, pharmaceuticals, cosmetics, oils, textiles, wood and paper processing, electronics etc.



One of the most profitable Lithuanian industries is the chemical industry which produces nitrogen and phosphate fertilizers. The products of this industry were mainly exported to Russia and the former communist countries of Europe. Another profitable industry in Lithuania is the textile industry. The electronics industry, though has declined, contributed a large share to the country's revenues. Electronic products include televisions, semiconductors, computer equipments, electronic equipments etc.

Wood and paper processing industry is a significant industry of Lithuania. The goods produced by this industry includes furniture, cardboards etc. These are mainly exported to Denmark, France and Germany. Livestock products are also part of Lithuania industry.