Balance of Payments of the Republic of Lithuania, April 2009

  June 17 2009   BALANCE OF PAYMENTS OF THE REPUBLIC OF LITHUANIA, APRIL 2009 (key indicators)   Current account . The country’s deficit on the Current Account of the Balance of Payments for April 2009 was positive for the third month in a row standing at LTL 10.8 million, a month-on- month decrease of LTL 23.7 million.   In January–April, the surplus on the Current Account of the Balance of Payments made up LTL 11.7 million, a change of LTL 6.1 billion compared to the corresponding period in 2008.   A decline in the positive surplus on the Current Account was mainly due to an increase in deficit on the balance of services and balance of income, as well as a fall in surplus on the balance of current transfers.   Current Account Balance and Composite Balances -2,000 -1,500 -1,000 -500 0 500 1,000 Apr. 2008 May June July Aug. Sep. Oct. Nov. Dec. Jan. 2009 Feb. Mar. Apr. LTL million Current Account Balance and Composite Balances Trade Balance Balance of Services Balance of Payments Balance of Current TransfersC     According to the data of the Department of Statistics, in April 2009, export and import of goods t declined month on month by 3.8 per cent and 11 per cent, respectively. The deficit on foreign trade balance declined month on month by LTL 288.9 million or 48.8 per cent to LTL 303.4 million.   In January–April, export of goods fell year on year by 29.3 per cent, or 25.4 per cent excluding mineral products, and import of goods fell by 43.8 per cent or 44.1 per cent excluding mineral b products. During the said period export of Lithuania’s goods to EU member states narrowed by 25.1 per cent and export to CIS countries shrank by 34.3 per cent. Import of goods from EU and CIS countries fell respectively by 44.1 per cent and 45.1 per cent.   Export of goods declined as a result of a 42.1 per cent decrease in export of processed oil lubricants and lubricants received