External Trade - May 2012

Exports up by 2.8%, import down by 1.1%, y-o-y

09.07.2012
Code: r-6001-12
 




In May 2012, according to preliminary data of ‘border statistics’, current price exports rose by 2.8% while imports fell by 1.1%, year-on-year (y-o-y), respectively. The trade balance ended in a surplus of CZK 23.1 bn, which was by CZK 9.6 bn higher, y-o-y.

According to preliminary data of ‘border statistics’, seasonally adjusted exports and imports fell by 0.9% and 1.2% compared to April 2012. The development trend shows decreasing exports (-0.5%) and stagnating imports.

Year-on-year, current prices exports rose by 2.8% (CZK +7.0 bn) while imports fell by 1.1% (CZK -2.6 bn). A decrease in imports has been observed for the first time since December 2009.
Exports of entities seated in the Czech Republic increased by 1.9% (CZK +3.7 bn) and entities seated outside the Czech Republic grew by 6.7% (CZK +3.3 bn) respectively. Imports of entities seated in the Czech Republic fell by 1.2% (CZK -2.4 bn) and imports of entities seated outside the Czech Republic decreased by 0.6% (CZK -0.2 bn).

Due to depreciation of the CZK against the both main currencies, external trade decreased in EUR (exports -1.0% and imports -4.8%) and in USD (exports -11.8% and imports -15.2%).

The trade balance ended in a surplus of CZK 23.1 bn which was by CZK 9.6 bn higher in comparison to the May 2011 surplus. The balance of trade of entities seated in the Czech Republic showed a surplus of CZK 4.9 bn (against a deficit of CZK -1.2 bn in May 2011), the trade balance of entities not seated in the Czech Republic recorded a surplus of CZK 18.1 bn (compared to a surplus of CZK 14.8 bn in May 2011).

Y-o-y, surplus rose in ‘machinery and transport equipment’ (by CZK 3.5 bn), ‘miscellaneous manufactured articles’ (by CZK 2.1 bn), ‘manufactured goods classified chiefly by material’ (by CZK 2.0 bn), ‘beverages and tobacco’ and ‘crude materials, inedible, except fuels’ (both by CZK 0.2 bn). Deficit fell in ‘food and live animals’ and ‘mineral fuels, lubricants and related materials’ by CZK 1.0 bn and CZK 0.3 bn respectively. ‘Chemicals and related products’ recorded an increase of deficit of CZK 0.3 bn.

Total 'machinery and transport equipment' exports rose by 3.0% (CZK +4.0 bn), y-o-y. Increases were reported mainly in ‘road vehicles’ (by CZK +1.8 bn) and ‘office machines and automatic data-processing machines’ (by CZK +1.3 bn). ‘Telecommunications and sound-recording machines’ exports fell (by CZK -1.3 bn). Total 'machinery and transport equipment' imports rose by 0.5% (CZK +0.5 bn), y oy. Imports grew first of all in ‘power-generating machinery and equipment’ (by CZK +1.6 bn) and ‘road vehicles’ (by CZK +1.0 bn). Decreases in imports were observed in ‘telecommunications and sound-recording machines’ (by CZK 1.7 bn) and ’electrical machinery, apparatus and appliances’ (by CZK -1.4 bn). ‘Mineral fuels, lubricants and related materials’ imports grew only by 0.2%. Imports of crude petroleum dropped (by 0.3% in value and by 13.5% in volume). Imports of natural gas were by 16.0% higher in value and they fell by 10.2% in volume.

The trade balance with EU Member States ended a surplus of CZK 59.3 bn, which was by CZK 3.6 bn higher, y-o-y. Trade balance with non-EU countries showed a deficit of CZK 36.2 bn which was by CZK 6.0 bn lower, y-o-y. Surplus rose in trade with Germany (by CZK 3.3 bn), and Slovakia (by CZK 1.1 bn). Deficit shrank in trade with China (by CZK 3.7 bn) and Russia (by CZK 3.2 and it deepened in trade with Korea (by CZK 2.4 bn). The trade balance deteriorated in trade with Poland (by CZK 1.5 bn) as a surplus turned into a deficit.

In January – May 2012, exports and imports rose by 8.8% and 3.9% respectively. The trade balance surplus amounting to CZK 141.6 billion was up by CZK 60.4 billion, y-o-y. Surplus rose mainly in ‘machinery and transport equipment’ (by CZK 43.6 bn) and ‘manufactured goods classified chiefly by material’ (by CZK 10.7 bn). On the contrary, deficit increased in ‘mineral fuels, lubricants and related materials’ by CZK 4.3 bn).

The trade balance in national concept (methodology of balance of payments) reflecting performance of the Czech economy showed a surplus of CZK 4.1 bn in May 2012. 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 98.0% of companies (for goods dispatched) and 98.2% 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.
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
The data for individual months of 2010 are final; the data for individual months of 2011and 2012 are preliminary. Preliminary data of the reference month are released together with updated data of the previous three months. All data are processed from basic reporting units and subsequently rounded.

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-6001-11 External Trade of the Czech Republic –detailed breakdown (periodicity: monthly): /csu/czso/external-trade-of-the-czech-republic-december-2012-edwombu9aa
External Trade Database: /csu/czso/ep-6-opendocument
Next News Release: August 6, 2012

This press release was not edited for language.



  • avzo070912.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: 09.07.2012
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