Czech external trade surplus widens in November

The preliminary data of Czech Republic’s external trade in goods in national concept in current prices show that the country’s trade balance came in a surplus of CZK 10.8 billion in November, a rise of CZK 1.1 billion year-on-year.

The year-on-year rise in surplus was mainly driven by a decrease of deficit in chemicals and related products, food and live animals and beverages and tobacco. Surplus was also up in miscellaneous manufactured articles and crude materials. Total balance was impacted by a year-on-year worsening of deficit in mineral fuels and a decrease of surplus in machinery and transport equipment and manufactured goods classified chiefly by material.

The trade balance of Czech Republic with EU member states came in at a surplus of CZK 56.1 billion in November, a year-on-year rise by CZK 1.3 billion. Deficit of trade with non-EU nations rose by CZK 0.7 billion to CZK 43.4 billion.

On a seasonally adjusted basis, exports dropped 0.2 percent sequentially, while imports rose 1.4 percent. The development trend indicates falling exports and rising imports. On a year-on-year basis, exports and imports rose 3.7 percent and 3.4 percent respectively.

For the January to November period, trade surplus reached CZK 189.9 billion that represented a year-on-year rise of CZK 57.8 billion. From the start of the year, exports increased 1.4 percent, whereas imports dropped 0.6 percent.