Lithuania trade balance swings to deficit in Oct

Image by Pixabay
Lithuania's trade balance registered a deficit of EUR 336.9 million in October versus a surplus of EUR 31.1 million in the same month last year, figures from the statistical office showed on Friday.
In September, the trade deficit was EUR 248.6 million. Exports grew 16.4% year-on-year in October, after a 17.9% rise in September.
Imports rose 30.1% yearly in October, after a 32.7% growth in the previous month. On a monthly basis, exports gained 2.6% in October and imports increased 5.1%.
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.