Exploring the potential for enhancing export of agricultural products of Lithuanian origin

Abstract

Purpose – the main purpose of this scientific paper is to reveal the potential of agricultural products of Lithuanian origin to compete in ever-growing international market for Western style food. Design/methodology/approach –The methods of research employed are as follows: analysis of a scientific literature, analysis of a statistical data, correlation analysis and small sample interview. Findings – International trade in agricultural products is one of the most competitive sectors of national economy providing a substantial surplus to foreign payments balance. One of potential export facilitators of agricultural products of Lithuanian origin are businessman, engaged in re-export of agricultural products from Lithuania. The ability of Lithuanina agricultural producers to sell their production in the World market is lower than in other similar EU countries. Research limitations/implications – the research provides insights, on how it could be possible to facilitate export of agricultural products of Lithuanian origin. In order to get clear directions what steps should be taken, there is a need for further researches. Practical implications - new approach of increasing export of agricultural products of Lithuanian origin is presented. Originality/Value – The paper provides new insights on Lithuanian international trade in agricultural products. Keywords: intra-industry trade, export, agricultural products, Lithuania. Research type: viewpoint. JEL classification: F14 - Empirical Studies of Trade.