Germany remains Lithuania’s major partner in exports of services
Review of the Balance of Payments services exports and imports for Q1 2019
(Joint release by the Bank of Lithuania and Statistics Lithuania)
Today the Bank of Lithuania and Statistics Lithuania published data on exports and imports of services for Q1 2019, broken down by country and type of service. It shows that in Q1 2019 exports of services amounted to €2.5 billion, a year-on-year increase of 19.2%, while imports of services stood at €1.4 billion, a year-on-year increase of 14.6%. The surplus on the balance of services amounted to €1.0 billion or 9.6% of GDP, an annual increase of 26.6%. On a year on year basis, the highest increases were recorded in exports of technical maintenance and repair services (38.6%) and imports of construction services (3.2 times).
For more information on the exports and imports of services for Q1 2019, see the Bank of Lithuania’s Statistical Release (115.4 KB ). Detailed data for Q1 is available on the Bank of Lithuania website (under External Statistics).