2022-06-14
Today, the Bank of Lithuania published the balance of payments for April 2022, which shows that:
the deficit on the current account balance (CAB) amounted to €468.5 million, a month-on-month increase of 36.7%. This was determined by a continuous increase in the foreign trade deficit (from €651.5 million to €736.8 million) and a decrease in the surplus on the balance of services (from €420.9 million to €390.6 million). Exports of goods declined faster than their imports (by 5.3% and 2.4% respectively) and amounted to €736.8 million., thus reducing the foreign trade deficit by 13.1%. With a decline of exports and imports of services (by 12.4% and 14.7% respectively), the surplus on the balance of services fell by 7.2% and amounted to €390.6 million. The deficit on the primary income declined insignificantly, by 1.7% (from €139.4 million to €137.0 million);
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the secondary income balance was in surplus and amounted to €14.8 million. Transfers from European Union (EU) support funds (€33.7 million) declined by 10.7%, whereas Lithuania’s calculated contributions to the EU budget (€42.6 million) went up by 42.8%, compared to March. Personal transfers from abroad amounted to €54.0 million, a month-on-month increase of 8.5%. Personal transfers from Lithuania amounted to €31.6 million, a month-on-month decrease of 9.1%;
the positive net flow of financial account investment (€220.2 million) was mainly determined by the increase in the positive flow of portfolio investment (see Chart 2).
Chart 1. CAB and its composite flows
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Chart 2. Net financial account investment flows
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Detailed data for April is available on the Bank of Lithuania website (External statistics).
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