Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  October 08, 2012 10:08:03

Czech Republic - foreign trade in August with a surplus of 16.9 billion

According to preliminary data of border statistics in August year on year at current prices, exports rose by 7.9% and imports by 0.8%. The trade balance showed a surplus of CZK 16.9 billion, which was by CZK 15.6 billion higher.

According to preliminary data of border statistics, seasonally adjusted exports fell by 0.8% and imports by 1.0%. The development trend shows a growth in exports of 0.3% and a decrease in imports by 0.2%.

Y in current prices, exports grew by 7.9% (CZK 17.4 billion) and imports by 0.8% (CZK 1.7 bn). Foreign trade turnover reached CZK 458.1 billion, the lowest monthly figure sales this year. Export companies based in the Czech Republic grew by 7.6% (CZK 12.9 billion) and exports of organizations located outside the Czech Republic by 9.1% (CZK 4.5 bn). Import company based in the Czech Republic increased by 1.9% (3.5 billionCZK), while imports of companies based outside the Czech Republic fell by 4.6% (CZK 1.8 bn).

As a result of the weakening of the CZK against two major currencies for euros exports rose by 4.7% and imports fell by 2.2%. In terms of dollar exports decreased by 9.5% and imports by 15.5%.

The trade balance ended in August surplus CZK 16.9 billion, which was the lowest recorded in surplus this year. Compared to the same month of 2011, the surplus increased by CZK 15.6 billion. Balance entities based in the Czech Republic recorded a deficit of CZK 1.3 billion (compared to CZK 10.7 billion deficit in August 2011), the balance of subjects that are not based in the Czech Republic recorded a surplus of CZK 18.2 billion (against assets 11 , CZK 9 billion in August 2011).

Surplus yoy increase in machinery and transport equipment by CZK 8.4 billion, industrial consumer goods by CZK 3.0 billion and manufactured material by CZK 2.7 billion. The deficit increased for chemical products by CZK 0.3 billion and decreased contrast for food and live animals 0.7 billion CZK and mineral fuels by CZK 0.2 billion. Surplus stores beverages and tobacco and raw materials (both in the amount of CZK 0.1 billion) remained at the level of August 2011.

Total exports of machinery and transport equipment increased by 4.9% (CZK 5.6 bn). In particular the exports of road vehicles (CZK 2.3 billion), electrical machinery, apparatus and appliances (CZK 2.1 billion) and machinery and equipment generally used in industry (CZK 1.7 billion). Total imports of machinery and transport equipment fell by 3.2% (CZK 2.8 billion), of which the largest decline recorded for imports of computers (CZK 3.4 billion).Increased only imports of machinery and equipment generally used in industry (CZK 0.5 billion). Imports of other commodity groups within the machinery and transport equipment remained roughly the same as in August 2011. Imports of mineral fuels grew by 1.3% (CZK 0.3 bn). Oil imports in value terms increased by 0.8%, while in terms of volume dropped by 1.7%. Imports of natural gas increased by 7.5% in value terms, in terms of volume decreased by 14.5%.

The trade balance with EU countries reached CZK 49.4 billion surplus, which was by CZK 2.3 billion higher. With non-EU Trade balance deficit of CZK 32.5 billion, up by CZK 13.3 billion less. Surplus rose in trade with the United Kingdom by CZK 1.3 billion and Austria by CZK 1.0 billion. Deficit decreased in trade with China by CZK 5.9 billion and Russia to CZK 3.4 billion.Surplus into a deficit trade balance deteriorated with Norway CZK 1.9 billion and Poland by CZK 1.1 billion and decrease the surplus was recorded in Germany by CZK 0.8 billion and 0.5 billion, Slovakia CZK.

In January to August, exports grew by 8.9% and imports by 4.0%. The trade surplus amounted to CZK 206.9 billion, representing an annual increase of 95.9 billion CZK. Surplus increased mainly in machinery and transport equipment 62.5 billion CZK and manufactured material of CZK 18.8 billion. Grew Conversely, trade deficit of chemical products by 6.4 billion CZK and mineral fuels by CZK 2.9 billion.

The balance of trade in national concept (national balance of payments) reflecting the performance of the Czech economy in August 2012 showed a deficit of CZK 2.1 billion.Data on exports and imports of goods, calculated using data for VAT under this methodology are given in Table 8 and in the time series External trade in goods by the change of ownership (national concept).

Source: CSO
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