External Trade - June 2010
Imports grew faster than exports markedly
In June 2010, according to preliminary data, exports and imports at current prices rose by 19.7% and 28.0% year-on-year, respectively. Trade surplus ended in a surplus of CZK 10.4 bn, which was by CZK 9.9 lower year-on-year. Deficit in trade in mineral fuels, lubricants and related materials deepened by CZK 4.9 bn and surplus in trade in machinery and transport equipment went down by CZK 4.5 bn.
According to preliminary data, seasonally adjusted exports and imports grew by 3.8% and 5.7% respectively compared with May 2010. The development trend shows increasing exports (+2.0%) and imports (+2.8%).
Year-on-year, exports and imports at current prices rose by 19.7% (CZK +36.6 bn) and 28.0% (CZK +46.5 bn) respectively. Imports growth rate was higher than exports growth rate by 8.3 p. p.; imports growth rate have been surpassing exports growth rate for the forth successive month.*) In June 2010, external trade turnover was up by CZK 83.1 bn year-on-year and reached the highest June value since 1993. Due to appreciation CZK/EUR by 3.0% in average and depreciation of CZK/USD by 10.3% in average, exports and imports expressed in euro increased by 23.2% and 31.8% respectively; and exports and imports valued in US dollars were up by 7.3% and 14.8% respectively. June 2010 had the same number of working days as June 2009.
The balance of trade showed a surplus of CZK 10.4 bn, which was by CZK 9.9 bn less in comparison to June 2009. June trade balances have been continuously positive since 2004; surplus was the largest in June 2009 (CZK +20.3 bn). Deficits widened in trade in ‘mineral fuels, lubricants and related products’ and in ‘food and live animals’ by CZK 4.9 bn and CZK 0.7 bn respectively; and surpluses fell in trade in ‘machinery and transport equipment’ and in ‘manufactured goods classified chiefly by material’ by CZK 4.5 bn and CZK 0.6 bn respectively. An increase in surplus was registered in trade in ‘miscellaneous manufactured articles’ (by CZK 0.4 bn); and trade gap in ‘chemicals and related products’ narrowed (by CZK 0.2 bn). Surpluses in trade in ‘crude material inedible, except fuels’ (CZK +1.8 bn) and ‘beverages and tobacco’ (CZK +0.5 bn) have remained at the same level as in June 2009.
Total 'machinery and transport equipment' exports and imports rose by 20.3% (CZK +20.4 bn) and 36.6% (CZK +24.9 bn) year-on-year, respectively. The biggest increases in exports were recorded in ‘road vehicles’ (CZK 6.2 bn), ‘electrical machinery, apparatus and appliances’ (CZK +5.3 bn) and ‘office machines and automatic data-processing machines’ (CZK +4.8 bn). The largest import increases were observed in ‘electrical machinery, apparatus and appliances’ (CZK +7.2 bn), ‘office machines and automatic data-processing machines’ (CZK +6.7 bn) and ‘telecommunications and sound-recording equipment’ (CZK +4.9 bn). ‘Mineral fuels, lubricants and related materials’ imports rose by 51.0% (CZK +6.9 bn) year-on-year mainly due to higher exports of crude petroleum (+93.3% in value, +32.6% in volume) and natural gas (53.4% in value, 37.5% in volume).
The trade balance with EU member states ended in a surplus of CZK 51.6 bn, which was by CZK 10.3 bn higher year-on-year. Trade gap with non-EU countries widened by CZK 20.2 bn to CZK 41.4 bn. Deficit grew in trade with China (by CZK 9.1 bn), Korea (by CZK 2.3 bn) and Russia (by CZK 1.5 bn). Balance deteriorated in trade with Azerbaijan (by CZK 2.2 bn) as surplus turned into a deficit. Surplus rose in trade with France (by CZK 2.7 bn), Spain (by CZK 1.8 bn), United Kingdom (by CZK 1.3 bn), Italy (by CZK 1.1 bn), Germany (by CZK 0.7 bn) and Slovakia (by CZK 0.3 bn).
In the twelve months to June 2010, compared with the previous twelve months, exports grew by 3.0% and imports fell by 0.3%. Trade balance gave a surplus of CZK 155.1 bn, which was by CZK 72.1 bn higher. Increases of surplus were recorded in trade in 'machinery and transport equipment' (CZK +25.4 bn), ‘miscellaneous manufactured articles’ (CZK +16.9 bn), ‘crude materials, inedible, except fuels’ (CZK +9.2 bn) and ‘beverages and tobacco (CZK +0.3 bn). Deficits narrowed in trade in ‘mineral fuels, lubricants and related materials’ (by CZK 18.5 bn), ‘chemicals and related products’ (by CZK 5.1 bn) and ‘animal and vegetable oils, fats and waxes’ (by CZK 1.2 bn). Balance deteriorated in trade in ‘food and live animals’ (deficit up by CZK 3.4 bn) and ‘manufactured goods classified chiefly by material’ (surplus down by CZK 1.4 bn).
Trade surplus with EU member states rose by CZK 52.3 bn to CZK 529.5 bn and trade gap with non-EU countries was by CZK 19.8 bn lower amounting to 374.4 bn, over last twelve months. Surplus was up in trade with France (by CZK 15.3 bn), Italy (by CZK 12.9 bn), Spain (by CZK 12.3 bn), United Kingdom (by CZK 11.9 bn), Germany (by CZK 8.7 bn) and Slovakia (by CZK 2.2 bn). Deficit dropped in trade with Japan (by CZK 14.7 bn) and Russia (by CZK 7.5 bn). Balance deteriorated in trade with Poland (by CZK 12.5 bn) as surplus turned into a deficit. Trade gap grew in trade in China (by CZK 8.1 bn), Thailand (by CZK 5.9 bn) and Korea (by CZK 5.3 bn).
In January-June 2010, exports and imports rose by 15.0% and 15.8% respectively. The trade surplus was up by CZK 3.4 bn reaching CZK 83.2 bn year-on-year.
* * *
According to the CZSO’s sources, data were obtained from 98.1% of companies (for goods dispatched) and 98,1% of companies (for goods arrived) obliged to report to the Intrastat system. Data for companies exempted from reporting duty in accordance with amended Decree No 201/2005 Sb. and for companies that failed to report have been imputed. The imputation methods are based on data that the companies reported in the previous period and data from the VAT returns.
Analysis - External trade in the first half of 2010
Notes
Contact: Karel Král, phone (+420) 274 052 161, e-mail: karel.kral@czso.cz
Source of data: Intrastat forms and Single Administrative Documents (SADs)
Related tables: w-6001-10 External Trade of the Czech Republic http://www.czso.cz/csu/2010edicniplan.nsf/engs/2010-6
The way of updating monthly results of external trade changed from quarterly to monthly basis in 2010. Preliminary data of the reference month are released together with updated data of the previous three months.
The data for individual months of 2009 and 2010 are preliminary. Final data for 2009 will be published in September 2010.
Text not edited for language.
*) Errors have been corrected in this sentence on 9 August 2010. We apologise for any inconvenience.
Attachments
- year 2024 | February 2024 | January 2024
- year 2023 | December 2023 | November 2023 | October 2023 | September 2023 | August 2023 | July 2023 | June 2023 | May 2023 | April 2023 | March 2023 | February 2023 | January 2023
- year 2022 | December 2022 | November 2022 | October 2022 | September 2022 | August 2022 | July 2022 | June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022
- year 2021 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021
- year 2020 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020
- year 2019 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019
- year 2018 | December 2018 | November 2018 | October 2018 | September 2018 | August 2018 | July 2018 | June 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
Published: 06.08.2010
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