During the quarter, compared to the respective period of the previous year, the largest growth (62.4%) was recorded in the exports of telecommunications, computer and information services, as well as in imports of these and transport services (16.9% each).
The bulk of exports and imports of services (56.1 and 52.7% respectively) consisted of transport services. In III quarter 2017, the largest surplus (EUR 413.7 million) was recorded on the balance of road transport services, the largest deficit (EUR 65.3 million) – on the balance of sea transport services.
The exports of services to EU countries accounted for 64.7, to CIS countries – for 21.2% of the total exports of services; the imports of services from EU countries accounted for 63.1, from CIS countries – for 21.6% of the total imports of services.
In III quarter 2017, compared to the respective quarter of the previous year, exports of services to EU countries increased by 27.7, to CIS countries – 11.5%. Over the year, imports from EU countries grew by 9.2, from CIS countries – 8.1%.
Russia remains the main Lithuania’s partner in the exports of services. Over the year, the volume of exports to Russia increased by 19.7%. Exports of services to Germany (second in terms of service exports) increased by 53%.
Transport and travel services comprised the largest share of the total exports of services to Russia and Germany (59.9 and 31.9% and 68.5 and 12.3% respectively).
The main Lithuania’s partner in the imports of services was Belarus. Over the year, the volume of imports from Belarus increased by 8.1%, while imports of services from Russia (second in terms of service imports) increased by 10.7%. The structure of services imported from Belarus and Russia differed just marginally; the largest shares of imports of services from both countries consisted of transport and travel services: from Belarus – 64.8 and 30.2%, from Russia – 69.3 and 17.8% respectively.
