About the Market

Canada and Lithuania in Motion

Trade Ties 2025: Canada and Lithuania in Motion

Canada and Lithuania maintain a positive trade relationship, strengthened by their shared commitment to open markets and economic cooperation. Canada benefits from preferential market access in Lithuania through the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), which Lithuania ratified in 2018.

Canada and Lithuania’s trade relationship in 2025 is evolving, with strong potential for growth in technology, defense, and investment sectors. Canadian businesses looking to expand into Lithuania can leverage CETA benefits, digital innovation, and B2B collaborations to strengthen their presence in the Baltic region. Understanding Canadian business regulations and trade agreements can help Lithuanian companies navigate market entry smoothly.

Trade Volume & Investment
  • In 2024, Canadian exports to Lithuania reached US$ 82.9 Million, while Lithuanian Exports to Canada reached US$ 132.79 Million.
  • Key Canadian exports include potassic fertilizers and soil preparation machinery, cars, and edible preparations, while Lithuania exports furniture, electrical apparatus for line telephony, processed fish and food products, fertilizer, and electrical equipment.
  • Canadian direct investment in Lithuania was valued at US$ 3.7Million at the end of 2023.
  • Lithuania’s growing tech ecosystem represents an opportunity for Canadian investors in digital industries and information technology.
  • Lithuania is actively seeking Canadian investment in life sciences, financial services, and defense technologies.
  • Lithuanian entrepreneurs can benefit from Canadian business visas, which provide easier access to funding, talent, and credibility with potential clients and investors.
  • Canada’s thriving tech sector presents opportunities for Lithuanian businesses specializing in innovation, particularly in areas like life sciences and AI.
  • CETA continues to facilitate trade by reducing tariffs and improving market access.
  • Canada and Lithuania collaborate through multilateral organizations such as the OECD, WTO, and NATO, fostering economic stability.
  • Lithuania’s ICT sector is rapidly expanding, driven by government initiatives and a strong startup ecosystem.
  • Fintech and digital banking are key areas of growth, with Lithuania emerging as a leading hub in the EU.
  • Canada has a diverse and rapidly expanding tech industry, particularly in AI, cybersecurity, and software development. Cities like Toronto, Vancouver, and Montreal are hubs for startups and innovation.
  • With a strong agricultural sector, Canada presents opportunities in food processing, sustainable farming, and agri-tech.
  • Canada also has a robust manufacturing industry, with opportunities in automotive, aerospace, and advanced materials.
  • Lithuania’s blockchain and cybersecurity sectors present opportunities for Canadian firms to collaborate on research and development.
  • The digital finance industry in Lithuania is growing, creating demand for Canadian expertise in fintech solutions.
  • Lithuania has a strong presence in fintech, cybersecurity, and digital banking, making Canada’s rich and growing tech ecosystem a great match for collaboration.
  • Canada has a growing demand for cybersecurity, blockchain, and fintech solutions—especially in cities like Toronto, Vancouver, and Montreal.
  • The life sciences sector is expanding, and Lithuania offers high-quality products and services that could be valuable to Canadian partners.
  • Lithuania has a growing food export industry with room for further expansion in the Canadian market.
  • Strengthening ties in transportation infrastructure and tourism could be beneficial for both countries.

Featured Service

Looking to expand into Lithuania?

Let us help you leverage CETA benefits, digital innovation, and B2B collaborations to strengthen your presence in the Baltic region. We can help you understand Canadian business regulations and trade agreements to help your company navigate market entry smoothly.

FAQ Canadian Market

Canada offers a range of tax grants and incentives to foreign companies to encourage investment, innovation, and economic growth, such as the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program, the Strategic Innovation Fund (SIF), and the Accelerated Investment Initiative as well as various provincial and sector-specific incentive programs.
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FAQ Lithuanian Market

Lithuania offers tax-advantaged zones known as Free Economic Zones (FEZs), designed to attract both foreign and domestic investment by providing significant tax incentives.
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