The Bank of Lithuania published Lithuania’s balance of payments for January 2025, showing the current account surplus edged up to EUR 70.2 million from EUR 62.8 million in December 2024, mainly due to a sharp narrowing of the goods trade deficit. Goods exports rose 19.5% while imports increased 5.2%, reducing the foreign trade deficit by 52.9% to EUR 297.3 million. The services surplus fell 18.0% to EUR 490.6 million as services exports and imports declined by 16.3% and 15.4% respectively. The primary income balance recorded a EUR 117.6 million deficit, largely linked to lower European Union subsidy inflows, while the secondary income balance moved into a EUR 5.5 million deficit. Net financial account investment was positive at EUR 31.2 million, driven by other investment inflows of EUR 3.2 billion that offset a EUR 1.7 billion decline in official reserve assets and a EUR 1.3 billion portfolio outflow attributed to the Government’s new eurobond issues.
Bank of Lithuania 2025-03-17
Bank of Lithuania reports January 2025 current account surplus rises to EUR 70.2 million
The Bank of Lithuania reported a current account surplus of EUR 70.2 million for January 2025, up from EUR 62.8 million in December 2024, due to a significant reduction in the goods trade deficit. Goods exports increased by 19.5% while imports rose by 5.2%, leading to a 52.9% decrease in the foreign trade deficit. The net financial account investment was positive at EUR 31.2 million, supported by substantial other investment inflows despite a decline in official reserve assets and portfolio outflows.