External trade - January 2018
Surplus of the trade balance fell year−on−year
According to preliminary data in current prices, in January 2018 the external trade balance in goods ended in a surplus*) of CZK 11.9 bn, which was by CZK 9.4 bn lower, year−on−year (y−o−y).
Year−on−year, total balance in the national concept1) was unfavourably influenced mainly by a y−o−y decrease of surplus in 'motor vehicles' by CZK 5.5 bn (exports down by CZK 3.7 bn) and by a larger deficit in 'basic metals' and 'products of agriculture and hunting' by CZK 1.9 bn and CZK 1.6 bn respectively.
A lower deficit in 'crude petroleum and natural gas' (by CZK 1.9 bn) had a main positive effect on the total trade balance, y−o−y.
In January 2018 the trade balance with the EU28 Member States ended in a surplus of CZK 60.4 bn, and thus it was by CZK 6.4 bn lower, y−o−y. The trade deficit with the non-EU countries widened by CZK 3.1 bn to reach the amount of CZK 46.7 bn.
Compared to December 2017 the seasonally adjusted exports and imports in the national concept rose by 0.4% and 4.2% respectively. The development trend shows increasing exports (+0.6%) and imports (+2.7%).
Compared to the same month of 2017, exports and imports rose by 2.4% (to CZK 292.6 bn) and by 6.2% (to CZK 280.7 bn) respectively.
Detailed information on external trade in the national concept:
Information on the cross-border movement of goods
According to preliminary data in current prices of the cross-border concept2) in January 2018 exports and imports increased by 3.6% and 8.5% respectively. Total exports and imports of goods amounted to a value of CZK 360.1 bn and CZK 328.3 bn, respectively.
According to the Eurostat statistics, in 2017 the Czech Republic shares in the total exports and imports of the European Union were 3.1% and 2.8%, respectively.
Detailed information on external trade in the cross-border concept:
1) The national concept of external trade reflects export and import performance of the Czech economy, i.e. the external trade balance of the Czech Republic as well. It measures real trade in goods carried out between Czech and foreign entities, i.e. a change of ownership between residents and non-residents.
2) The cross-border concept of external trade reflects only physical movements of goods across the border regardless of whether the trade between Czech and foreign entities occurs. These data are internationally comparable and can be used as indicators of development in the value of trade.
Data for companies, that failed to report data (non-response), have been imputed according to dispatches and receptions these companies reported in the previous period. Data for companies exempted from the reporting duty were estimated on the basis of the data given in the VAT return forms. The data, which were not available from the VAT return forms, are estimated on the basis of the values for previous periods.
Data for 2016 are final and data for 2017 and 2018 are preliminary.
Responsible head at the CZSO: Jaroslav Sixta, Director of Macroeconomic Statistics Section, phone (+420) 274 054 253, e-mail: email@example.com
Contact person: Karel Král, Director of External Trade Statistics Department, phone (+420) 274 052 161, e-mail: firstname.lastname@example.org
Method of data collection: Intrastat forms and single administrative documents; and value added tax return forms
End of data collection: 20th working day after the end of the reference month
Following data sets: w-241013-17 External Trade of the Czech Republic –detailed breakdown (monthly): https://www.czso.cz/current-product/41320
External Trade Database is available on: http://apl.czso.cz/pll/stazo/STAZO.STAZO?jazyk=EN
Next News Release will be published on: 9 April 2018
*) text was corrected 9. 3. 2018 at 9:50. CZSO apologise for any inconvenience.
- year 2018 | May 2018 | April 2018 | March 2018 | February 2018 | January 2018
- year 2017 | December 2017 | November 2017 | October 2017 | September 2017 | August 2017 | July 2017 | June 2017 | May 2017 | April 2017 | March 2017 | February 2017 | January 2017
- year 2016 | December 2016 | November 2016 | October 2016 | September 2016 | August 2016 | July 2016 | June 2016 | May 2016 | April 2016 | March 2016 | February 2016 | January 2016
- year 2015 | December 2015 | November 2015 | October 2015 | September 2015 | August 2015 | July 2015 | June 2015 | May 2015 | April 2015 | March 2015 | February 2015 | January 2015
- year 2014 | December 2014 | November 2014 | October 2014 | September 2014 | August 2014 | July 2014 | June 2014 | May 2014 | April 2014 | March 2014 | February 2014 | January 2014
- year 2013 | December 2013 | November 2013 | October 2013 | September 2013 | August 2013 | July 2013 | June 2013 | May 2013 | April 2013 | March 2013 | February 2013 | January 2013
- year 2012 | December 2012 | November 2012 | October 2012 | September 2012 | August 2012 | July 2012 | June 2012 | May 2012 | April 2012 | March 2012 | February 2012 | January 2012
- year 2011 | December 2011 | November 2011 | October 2011 | September 2011 | August 2011 | July 2011 | June 2011 | May 2011 | April 2011 | March 2011 | February 2011 | January 2011
- year 2010 | December 2010 | November 2010 | October 2010 | September 2010 | August 2010 | July 2010 | June 2010 | May 2010 | April 2010 | March 2010 | February 2010 | January 2010
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters
Are you interested in latest data connected with inflation, GDP, population, wages in industry and much more?
You can find them on pages of the Czech Statistical Office on the Internet: www.czso.cz
tel: +420 274 052 304, +420 274 052 451, e-mail: email@example.com