Lithuania‘s Export Diversification According to Technological Classification
AbstractThe ability of export to withstand different shocks of demand and supply is extremely important for sustainable export growth. One of the ways to reduce the impact of these shocks is diversification of the exported production by products and geographical markets. In this article, the authors analyse Lithuanian manufacturing industries with different technological levels and distribution of the export by geographical markets and products. Also, export concentration indexes have been calculated and compared by the qualities mentioned above. For the analysis we use the data from the bases of Lithuanian Department of Statistics (Statistics Lithuania) for the year 2011. The analysis showed that the export of traditional technology industry, which is extremely important to Lithuanian economics, is best-prepared from all sectors to withstand unfavourable external effects. Also, considering the fact that traditional technology industries are not homogenous and their subsectors create the products of different value added (also very high), it can be stated that this sector can be competitive in long term.
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