the current account balance (CAB) surplus of €96.8 million replaced the deficit recorded in May. This CAB surplus resulted from a lower foreign trade balance deficit and a higher surplus in the balance of services (see Chart 1). As foreign trade exports increased more than imports (by 4.5% and 0.4%, respectively), the foreign trade balance deficit contracted (by 29.7%) and amounted to €240.1 million. A larger increase in the exports of services (1.7%), compared to that of imports (0.3%), boosted the surplus in the balance of services, which totalled €451.0 million;
the secondary income balance declined, but remained in surplus, amounting to €17.6 million. Transfers from European Union (EU) support funds (€32.1 million) rose by 5.9%, whereas Lithuania’s calculated contributions to the EU budget (€49.1 million) went up by 36.3%, compared to May. Personal transfers from abroad amounted to €51.6 million, a month-on-month increase of 7.7%. Personal transfers from Lithuania totalled €18.6 million, rising by 1.7% month on month;
the negative net flow of financial account investment (€229.2 million) resulted from the negative net flows of other investment and direct investment, which were not offset by the positive net flow of portfolio investment and the positive official reserve assets.
