The foreign trade surplus in services was 790 million euros in the second quarter

By: Trademagazin editor Date: 2020. 08. 31. 11:20

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Exports of services in euros fell by 40.1 percent and imports by 25.0 percent in the second quarter year-on-year. The asset was 790 million euros, 1,634 million euros less than a year earlier, the Central Statistical Office (KSH) reported.

The economic impact of the coronavirus pandemic has intensified in several areas of foreign trade in services compared to the previous quarter, the report added.

The significant decrease in the surplus can be explained mainly by the drastic 85.6 percent decline in tourism assets, but also by the 69.4 percent and 35.6 percent deterioration in the balance of contract services for transport services, respectively. (MTI)