This article covers trade between India and Lithuania, the main goods traded, Indian companies and investment in Lithuania, ports, business meetings, cooperation in technology and agriculture, and the economic agreements between the two countries. It is based on the MEA brief of June 2026, and figures are given as of that brief. Sector cooperation is included here because the brief has too little development material for a separate article.

Bilateral trade

According to the MEA brief of June 2026, bilateral trade between India and Lithuania stood at US$ 422.39 million for 2024-25. The brief gives the following figures for the last five financial years, as per Indian statistics (Ministry of Commerce, GOI), in US$ million:

  • 2020-21: India's exports 163.66, India's imports 321.05, total 484.71
  • 2021-22: India's exports 330.85, India's imports 200.92, total 531.77
  • 2022-23: India's exports 357.44, India's imports 114.24, total 471.68
  • 2023-24: India's exports 314.42, India's imports 136.39, total 450.81
  • 2024-25: India's exports 258.06, India's imports 164.33, total 422.39

Main items traded

India's top export products to Lithuania, as listed in the brief, include engineering goods, electronic goods, marine products, pharmaceuticals, and organic and inorganic chemicals.

India's top import products from Lithuania include iron and steel, miscellaneous chemical products, rubber and articles thereof, animal and vegetable fats and oils, wood products, and electrical machinery and equipment.

Indian companies in Lithuania

The brief names two Indian companies in Lithuania:

  • HCL Technologies, an Indian company providing services in the IT sector.
  • Indorama Ventures, a Lohia Group company, which has invested about US$200 million from its Thailand branch in the Klaipeda Economic Zone, in a plant to manufacture plastic resin.

The brief gives no figures for Lithuanian investment in India.

Ports

The CEO of Klaipeda Port, Mr. Algis Latakas, participated in India Maritime Week in Mumbai from 27 to 31 October 2025, and an MoU was signed between the Klaipeda Port and JNPT. Earlier, during his visit in October 2017, the then Lithuanian Foreign Minister Linas Linkevicius visited JNPT Port in Mumbai.

Business meetings and delegations

Business delegations and meetings have been part of several official visits recorded in the brief:

  • February 2001: President Valdas Adamkus was accompanied on his State Visit by a delegation of Lithuanian businessmen, and he addressed a business meeting jointly hosted by the Confederation of Indian Industry (CII) and the Federation of Indian Chamber of Commerce and Industry (FICCI) in New Delhi and Mumbai.
  • December 2009: Foreign Minister Vygaudas Ušackas was accompanied by the Minister of Economy and a 30-member business delegation to explore business and investment opportunities.
  • May 2017: Minister of State for External Affairs Shri M.J. Akbar chaired a meeting of business leaders of Lithuania during his visit.
  • August 2019: Vice President Shri M. Venkaiah Naidu addressed the Indo-Lithuanian Business Meeting during his visit to Lithuania.
  • February 2026: during the AI Impact Summit 2026, Lithuania's Minister of Economy and Innovation, Mr. Edvinas Griksas, met the Commerce and Industry Minister, Shri Piyush Goyal, and the Minister of State for Electronics and IT, Shri Jitin Prasada.

Technology, space and lasers

In September 2025, Lithuanian Vice Foreign Minister Mr. Julius Pranevicius led the delegation of the Lithuanian Laser Association and companies at the LASER World of PHOTONICS INDIA 2025 exhibition in Bengaluru. He also met the ISRO Chairman and discussed cooperation in the field of high technology, space and the laser sector.

Agriculture

Vice Minister of Agriculture of Lithuania Mr. Saulius Cironka visited India in November 2014. In October 2015, the Minister of State for Agriculture, Shri Mohanbhai Kundariya, held bilateral talks in Vilnius with the Lithuanian Vice Minister for Agriculture, Vilius Martusevičius.

The Lithuanian Vice Minister of Agriculture visited New Delhi in July 2016 and signed an MoU on Cooperation in Agriculture and Allied Sector with Shri Sudarshan Bhagat, Minister of State in the Ministry of Agriculture and Farmers Welfare. An Agriculture Work Plan 2020-2022 was signed in August 2019, during the Vice President's visit to Lithuania.

Economic agreements

The brief lists the following economic and agricultural agreements among those signed between India and Lithuania:

  • Agreement on Trade and Economic Cooperation (July 1993)
  • Agreement on Economic and Technical Cooperation (Oct. 2001)
  • Bilateral Investment Promotion and Protection Agreement (BIPA) (March 2011)
  • Agreement on Avoidance of Double Taxation (DTAA) (July 2011)
  • MoU on Agriculture and Allied Sector (July 2016)
  • Agriculture Work Plan 2020-2022 (August 2019)