External Trade - January 2013

Exports and imports down y−o−y

08.03.2013
Code: r-6001-13
 




In January 2013, according to preliminary data of ‘border statistics’, exports and imports at current prices fell by 3.2% and 4.1%, year-on-year (y-o-y), respectively. The trade balance ended in a surplus of CZK 31.5 bn, which was by CZK 1.1 bn higher compared to January 2012.

According to preliminary data of ‘border statistics’, seasonally adjusted exports and imports fell by 0.2% and 3.6% respectively compared to December 2012. The development trend shows increasing exports and (+0.6%) and imports (+0.4%).

Year−on−year, exports and imports at current prices fell by 3.2% (CZK −8.0 bn) and 4.1% (CZK −9.1 bn) respectively. Exports of entities seated in the Czech Republic were lower by 3.7% (CZK −7.2 bn) and entities seated outside the Czech Republic fell by 1.4% (CZK −0.8 bn). Imports of entities seated in the Czech Republic dropped by 3.0% (CZK −5.7 bn) while imports of entities seated outside the Czech Republic decreased by 9.8% (CZK −3.4 bn).

Exports and imports converted to EUR decreased by 3.3% and 4.2% respectively. Expressed in US dollars, exports and imports fell by 0.4% and 1.4% respectively.

In January, the trade balance ended in a surplus of CZK 31.5 bn which was by CZK 1.1 bn higher y−o−y. The balance of trade of entities seated in the Czech Republic showed a surplus of CZK 2.0 bn (against a surplus of CZK 3.4 bn in January 2012), the trade balance of entities not seated in the Czech Republic recorded a surplus of CZK 29.5 bn (compared to a surplus of CZK 27.0 bn in January 2012).

Y−o−y, surplus rose in ‘machinery and transport equipment’ (by CZK 1.3 bn) and ‘miscellaneous manufactured articles’ (by CZK 1.2 bn) and deficit shrank in ‘chemicals and related products’ (by CZK 0.4 bn). The trade balance improved in beverages and tobacco’ (by CZK 0.1 bn) as a deficit turned into a surplus. On the other hand, deficit deepened in ‘mineral fuels, lubricants and related materials’ and ‘food and live animals’ (both by CZK 0.8 bn) and ‘crude materials, inedible, except fuels’ (by CZK 0.2 bn). Surplus decreased in ‘manufactured goods classified chiefly by material’ (by CZK 0.4 bn).

Total 'machinery and transport equipment' exports went down by 5.1% (CZK −7.1 bn), y−o−y. Exports fell mainly in ‘road vehicles’ (CZK −4.3 bn), ‘office machines, automatic data−processing machines’ (by CZK −2.0 bn) and ‘telecommunications and sound-recording equipment’ (CZK −1.1 bn). Total 'machinery and transport equipment' imports were by 9.3% (CZK −8.4 bn) lower, y−o−y, of which the biggest decreases were observed in imports of ‘road vehicles’ (CZK −2.3 bn), ‘office machines, automatic data−processing machines’ and ‘electrical machinery, apparatus and appliances’ (both by CZK −1.7 bn). Imports of ‘mineral fuels, lubricants and related materials’ dropped by 7.9% (CZK −2.2 bn), y−o−y. Imports of crude petroleum grew by 4.9% in value and by 8.5% in volume. Imports of natural gas were lower by 5.4% in value and by 5.5% in volume.

The trade balance with EU Member States reached a surplus of CZK 65.0 bn, which was by CZK 5.4 bn lower, y−o−y. Deficit of trade with non-EU countries shrank by CZK 6.3 bn to CZK 33.0 bn. Surplus rose in trade with Slovakia and Hungary (both by CZK 1.1 bn) and the United Kingdom (by CZK 1.0 bn). Deficit declined in trade with the Russian Federation (by 2.3 bn), Korea (by CZK 1.4 bn) and China (by CZK 0.6 bn). On the other hand, surplus fell in trade with Italy (by CZK 2.0 bn), Germany (by CZK 1.8 bn) and France (by CZK 1.7 bn). The balance deteriorated in trade with Poland (by CZK 2.0 bn) as a surplus turned into a deficit.

The trade balance in national concept (methodology of balance of payments) reflecting performance of the Czech economy showed a surplus of CZK 1.8 bn in January 2013. The data on exports and imports of goods, calculated by using the VAT data according to this concept, are available in Table 8 and in the time series External trade in goods according to change of ownership (national concept).


Notes:
According to the CZSO sources data were obtained from 97.2% of companies (for goods dispatched) and 97.1% of companies (for goods arrived) obliged to report to the Intrastat system. Data for companies, exempted from the reporting duty, in accordance with the amended Decree No. 201/2005 Sb., and for companies that failed to report, have been imputed. The imputation methods are based on data of trade implemented that the companies reported in the previous period and data given in the VAT return forms.
The data for individual months of 2011 are final; the data for individual months of 2012 and 2013 are preliminary. All data are processed from basic reporting units and subsequently rounded.
After the accession of the Czech Republic to the European Union, two systems of data collection are used as a source on external trade statistics in cross-border conception (border statistics). Extrastat records data on trade with the non-EU countries and uses some data from Single Administrative Documents. Intrastat collects data on movement of goods within the European Union for entities that are obliged to provide Intrastat data. According to legal regulations of the European Communities, entities registered for Value Added Tax have a duty to provide data for Intrastat regardless of the fact, whether an entity is or is not seated in the Czech Republic (resident or non-resident). Detailed information is available in external trade methodology: /csu/czso/whatisexternal_trade
Responsible manager of the CZSO: Ing. Marek Rojíček, Ph.D., Director of Macroeconomic Statistics Branch, phone (+420) 274 052 486, E-mail: marek.rojicek@czso.cz
Contact: Karel Král, Director of External Trade Statistics Department, phone (+420) 274 052 161, E-mail: karel.kral@czso.cz
Method of data collection: Intrastat forms and Single administrative documents.
End of data collection: 20 th working day after the end of the reference month
Documents available on the CZSO website: w-6001-13 External Trade of the Czech Republic –detailed breakdown (periodicity: monthly): http://czso.cz/csu/czso/external-trade-of-the-czech-republic-december-2013-gaipctvf7d
External Trade Database: /csu/czso/ep-6-opendocument
Next News Release: April 8, 2013

This press release was not edited for language.



  • avzo030813.doc

  • Annexes:
  • Table 1 External trade in goods in CZK million, year-on-year indices (‘border statistics’)
  • Table 2 External trade in goods by sections of SITC, in CZK million, share percentage, year-on-year indices (‘border statistics’)
  • Table 3 External trade in goods by group of countries in CZK million, share percentage, year-on-year indices (‘border statistics’)
  • Table 4 External trade in goods in EUR million, year-on-year indices (‘border statistics’)
  • Table 5 External trade in goods in USD million, year-on-year indices (‘border statistics’)
  • Table 6 Time series decomposition – exports, seasonal adjustment (‘border statistics’)
  • Table 7 Time series decomposition – imports, seasonal adjustment (‘border statistics’)
  • Table 8 Main external trade statistics indicators based on the national concept (the principle of change in ownership)
  • Table 9 External trade by the residency of reporting entities in 2011 and 2012 (border statistics)
  • Graph 1 Exports in CZK billion (‘border statistics’)
  • Graph 2 Imports in CZK billion (‘border statistics’)
  • Graph 3 Balance in CZK million, year-on-year-changes (‘border statistics’)
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Published: 08.03.2013
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz