The Bank of Lithuania published Lithuania’s balance of payments for February 2025, showing the current account balance surplus fell sharply to EUR 2.9 million from EUR 70.2 million in January, mainly due to a much larger foreign trade deficit. The foreign trade deficit increased 2.1 times to EUR 638.7 million as exports of goods fell 9.5% while imports rose 1.5%. By contrast, the surplus in services increased 48.3% to EUR 727.4 million, with services exports up 11.4% and services imports down 8.2%. The primary income deficit narrowed 17.7% to EUR 96.8 million, and the secondary income balance shifted from deficit to a EUR 11.0 million surplus. In the financial account, net investment flows were negative at EUR 257.2 million, driven by negative other investment (EUR 1.1 billion) and direct investment (EUR 148.2 million), partly offset by a positive portfolio investment flow of EUR 988.2 million.
Bank of Lithuania 2025-04-11
Bank of Lithuania reports February 2025 balance of payments as current account surplus narrows to EUR 2.9 million
The Bank of Lithuania reported a sharp decline in the current account balance surplus to EUR 2.9 million in February 2025, from EUR 70.2 million in January, mainly due to a significant rise in the foreign trade deficit. The deficit reached EUR 638.7 million as goods exports fell by 9.5% and imports rose by 1.5%, while the services surplus grew by 48.3% to EUR 727.4 million. In the financial account, net investment flows were negative at EUR 257.2 million, with negative other and direct investments partially offset by positive portfolio investment flows.