Banks, Estonia, Financial Services, Foreign trade

As imports of goods, services and revenues decreased more than exports, the surplus of the current account increased by 70 million euros compared to April of last year, the central bank said.

Exports of goods decreased by 16% and imports of goods by 21% and the negative balance on the goods account narrowed by 80 million euros from a year earlier to 21 million euros. Imports of means of transport decreased the most.

The emergency situation had a very strong impact on services, with the purchase and sale of travel services and passenger transport services being virtually non-existent. The export of services declined 36 percent over the year and the import of services was down 44%. The surplus on the services account declined by 35 million euros on year to 144 million euros.

Investment income decreased significantly, which is why the negative balance of primary and secondary income narrowed to 10 million euros.

The active use of infrastructure support raised the current and capital account surplus even further, to 146 million euros.