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Financial News: Lithuania Trade Balance Swings To Surplus

Lithuania Trade Balance Swings To Surplus

11/06/2020 - 04:48:00 (RTTNews)

(RTTNews) - Lithuania's trade swung to a surplus in September, figures from the statistical office showed on Friday.

Trade balance registered a surplus of EUR 151.9 million in September versus a deficit of EUR 61.6 million in the same month last year. In August, the trade surplus was EUR 81.5 million.

Exports rose 3.2 percent year-on-year in September, after a 0.8 percent decline in the previous month.

Imports declined 5.0 percent annually in September, following a 9.2 percent fall in the prior month.

On a monthly basis, exports rose 11.7 percent in June and import increased 14.5 percent.

In the third quarter, the trade surplus was EUR 59.4 million versus a deficit of EUR 105.1 billion in the previous three months. Exports and imports declined 1.0 percent and 8.9 percent annually, respectively.

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