2025-03-17
Today, Lietuvos bankas published the balance of payments for January 2025, which shows that:
compared to December 2024, the surplus on the current account balance (CAB) slightly increased from €62.8 million to €70.2 million in January. This development was mainly determined by a significant contraction in the foreign trade deficit (see Chart 1). Exports of goods which grew significantly faster than imports (by 19.5% and 5.2% respectively) reduced the foreign trade deficit by 52.9% which amounted to €297.3 million. With the fall in exports and imports of services (by 16.3% and 15.4% respectively), the surplus on the balance of services went down by 18.0%, amounting to €490.6 million. The formation of the deficit on primary income balance (€117.6 million) was largely triggered by a reduced flow of European Union subsidies to Lithuania. The secondary income balance went into deficit, amounting to €5.5 million;
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the positive net flow of financial account investment (€31.2 million) was driven by the rise in the positive net flow of other investment (€3.2 billion), which offset the decline in official reserve assets (€1.7 billion) and the negative net flow of portfolio investment (€1.3 billion) that resulted from the Government’s new eurobond issues (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 on the balance of payments for January is available on Lietuvos bankas’ website (External statistics).
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