Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  January 07, 2013 09:34:13

CR - balance of trade surplus in November with 35.5 billion

According to preliminary data of border statistics in November year on year at current prices, exports rose by 4.2%, while imports fell by 2.4%. The trade balance showed a surplus of CZK 35.5 billion, which was by CZK 17.1 billion higher.

According to preliminary data of border statistics, seasonally adjusted exports fell by 0.3% and imports by 1.5%. The development trend shows a decline in exports by 0.5% and imports by 1.2%.

Year-exports at current prices rose by 4.2% (CZK 11.2 billion) and imports decreased by 2.4% (CZK 6.0 bn). Results influenced by the high base in November 2011, when it was recorded the highest monthly turnover in 2011 (514.6 billion CZK). In November 2012 the foreign trade turnover reached 519.8 billion CZK.

Export companies based in the Czech Republic increased by 1.3% (CZK 2.8 bn) and exports of organizations located outside the Czech Republic increased by 13.7% (CZK 8.4 bn). Import company based in the Czech Republic increased by 0.8% (CZK 1.7 billion), while imports of companies based outside the Czech Republic fell by 16.4% (CZK 7.7 bn).

Foreign trade converted into euro of exports showed a growth of 4.6% and a decrease in imports by 2.1%. In USD terms, exports decreased by 1.1% and imports by 7.3%.

The trade balance ended in November surplus CZK 35.5 billion, which was the second highest in 2012. Compared to the same month of 2011, the balance of CZK 17.1 billion higher. Balance entities based in the Czech Republic recorded a surplus of CZK 5.0 billion (compared asset of CZK 4.0 billion in November 2011), the balance of subjects that are not based in the Czech Republic, showed a surplus of 30.4 billionCZK (against a positive balance of CZK 14.3 billion in November 2011).

Surplus grew in machinery and transport equipment 13.5 billion CZK, industrial consumer goods by 5.0 billion CZK and raw materials by CZK 0.3 billion. The deficit grew in mineral fuels by CZK 0.7 billion, food and live animals 0.5 billion CZK and chemical products by 0.2 billion CZK. Semi-finished goods and materials declined surplus of CZK 0.2 billion.

Total exports of machinery and transport equipment grew by 3.5% (CZK 5.2 bn). In particular the export of computers (CZK 2.0 billion), road vehicles (CZK 1.9 billion) and electrical machinery, apparatus and appliances (CZK 1.3 billion). Total imports of machinery and transport equipment decreased by 7.6% (CZK 8.3 billion), of which the largest decline recorded for imports of telecommunications equipment (CZK 7.4 billion) and computing (2.2 billion CZK).Increases were mainly in electrical machinery, apparatus and appliances (CZK 1.9 billion). Imports of mineral fuels fell by 1.1% (CZK 0.3 bn). Oil imports in value terms increased by 4.5% in terms of volume dropped by 1.8%. Imports of natural gas dropped in value by 5.8% higher in value decreased by 14.3%.

The trade balance with EU countries reached CZK 68.9 billion surplus, which was by CZK 6.5 billion higher. Deficit countries outside the EU fell by CZK 10.6 billion to CZK 33.4 billion. Surplus rose in trade with the Netherlands by CZK 3.5 billion, Germany by CZK 2.5 billion and the United Kingdom by CZK 1.6 billion. Reducing the trade deficit was with China by CZK 7.5 billion and Azerbaijan CZK 1.0 billion. The deficit on the other hand deep in trade with Russia by CZK 1.4 billion and a surplus fell in trade with Slovakia CZK 1.1 billion.Surplus into a deficit trade balance deteriorated with Italy by CZK 1.3 billion.

In January-November exports rose by 7.7% and imports by 3.3%. The trade balance showed a surplus of CZK 307.0 billion, which was by CZK 123.1 billion higher. Asset is increased especially in machinery and transport equipment 81.5 billion CZK and miscellaneous manufactured articles 26.9 billion CZK. The deficit in trade in mineral fuels on the other hand increased by CZK 12.2 billion.

The balance of trade in national concept (national balance of payments) reflecting the performance of the Czech economy in November 2012 showed a surplus of CZK 5.7 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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