Baltic Export, Budget, Estonia, Financial Services, Foreign trade

Exports of goods decreased by 5% and imports of goods by 2%, and the negative balance on the goods account widened by 37 million euros from a year earlier to 100 million euros.

The impact of the emergency situation declared in March was particularly strong in services. The export of services declined 18 percent over the year and the import of services was down 23 percent.  The largest decreases were registered in travel and transport services; meanwhile, continued growth occurred in computer services. The surplus on the services account was roughly at the same level as in March last year. 

The outflow of investment income and current transfers decreased, and so the negative balance of primary and secondary income narrowed to 53 million euros.

Due to active use of infrastructure support, the capital account was in surplus by 40 million euros, and the current and capital accounts together were in surplus, meaning that the Estonian economy was a net lender to the rest of the world.

The central bank publishes a flash estimate of the balance of payments monthly for the last month but one.