the surplus on the current account balance (CAB) in October was down by 15.8%, compared to September, and amounted to €507.6 million. It was determined by the surplus balances of services and secondary income, whereas it’s decrease was mainly influenced by significant growth in foreign trade deficit (see Chart 1). As imports of goods grew more rapidly than exports (by 5.9% and 1.7% respectively), the foreign trade deficit rose by 54.0% and amounted to €420.6 million. With the rise in exports and imports of services (by 9.9% and 8.5% respectively), the surplus of the balance of services went up (by 11.5%) and amounted to €845.0 million;
the surplus on the secondary income balance amounted to €111.5 million. Transfers from European Union (EU) support funds rose by a factor of 3 month on month and amounted to €87 million, whereas Lithuania’s calculated contributions to the EU budget remained unchanged at €43.1 million. Personal transfers from abroad and from Lithuania rose by 16.5% and 6.9% respectively, to stand at €80.9 million and €27.1 million respectively;
the positive net flow of financial account investment (€1.2 billion) was mainly driven by the positive net flow of other investment (€1.3 billion) and portfolio investment (€110.6 million).
