2018-06-29
Stronger growth in exports and imports of services to the European Union countries
Review of the Balance of Payments services exports and imports for Q1 2018
(Joint release by the Bank of Lithuania and Statistics Lithuania)
The Bank of Lithuania and Statistics Lithuania are publishing the indicators of exports and imports of services for Q1 2018, broken down by country and type of service. They show that in Q1 2018 exports of services amounted to €2.0 billion, imports – €1.3 billion, while the balance of services – €773.8 million, or 7.8% of GDP. In Q1 2018, the surplus on the balance of services increased by €179.6 million, or 30.2% year on year, and was due to growth in the exports of services outpacing growth in import of services – 17.2% and 10.5% respectively. In Q1 2018, among all types of services, the strongest growth was recorded in exports of transportation services (19.7%) and imports of financial services (57.3%) year on year.
For more information on the exports and imports of services for Q1 2018, see the Bank of Lithuania’s Statistical Release (199.1 KB download icon). Detailed data for Q1 is available on the Bank of Lithuania website (under External Statistics).