External Trade - June 2011
Lower year-on-year growth rate of both exports and imports
08.08.2011
Code: r-6001-11
In June 2011, according to preliminary data of ‘border statistics’, exports and imports at current prices rose by 9.6% and 5.5%, year-on-year (y-o-y), respectively. The trade balance surplus of CZK 17.6 bn was by CZK 9.5 bn higher, y-o-y.
* * *
According to preliminary data of ‘border statistics’, seasonally adjusted exports and imports fell by 0.3% and 1.7%, respectively, compared to May 2011. The development trend shows decreasing exports (-0.1%) and imports (-0.4%).
Year-on-year, exports and imports at current prices were up by 9.6% (CZK 21.4 bn) and 5.5% (CZK 11.9 bn), respectively, which have been the lowest rates of growth of exports and imports this year. The results were influenced by a high comparative basis of June 2010 when the fourth largest external trade turnover of year 2010 was reached. Due to appreciation of the CZK against the both main currencies, external trade grew faster in EUR (exports +16.3% and imports +12.0%) and in USD (exports +37.1% and imports +32.0%) than external trade expressed in CZK.
The trade balance surplus of CZK 17.6 bn was by CZK 9.5 bn higher compared to June 2010. ‘Machinery and transport equipment’ recorded the largest growth of surplus (by CZK 11.6 bn). They were followed by ‘miscellaneous manufactured articles’ (surplus up by CZK 1.8 bn) and ‘manufactured goods classified chiefly by material’ (surplus up by CZK 1.0 bn). On the other hand, surplus fell in ‘beverages and tobacco’ (by CZK 0.2 bn). Trade deficits grew in ‘mineral fuels, lubricants and related materials’ and ‘chemicals and related products’ by CZK 2.3 bn and by CZK 0.6 bn respectively. A decrease in deficit was observed in ‘food and live animals’ (by CZK 0.5 bn). Balance deteriorated in ‘crude materials, inedible, except fuels’ (by CZK 2.3 bn) as a surplus turned into a deficit.
Total 'machinery and transport equipment' exports went up by 11.2% (CZK +13.6 bn), y-o-y. An increase in exports was obvious mainly in ‘road vehicles’ (by CZK 3.1 bn), ‘electrical machinery, apparatus and appliances’ (by CZK 2.3 bn) and ‘telecommunications and sound-recording equipment’ and ‘general industrial machinery and equipment’ (both by CZK 2.2 bn). Total 'machinery and transport equipment' imports rose by 2.1% (CZK +2.0 bn), y-o-y. The only noticeable increases were posted in imports of ‘power-generating machinery and equipment’ (by CZK 1.7 bn) and ‘general industrial machinery and equipment’ (by CZK 1.1 bn). The growth of ‘machinery and transport equipment’ total surplus was mainly influenced by increases in surpluses in ‘road vehicles’ (by CZK 3.5 bn), ‘telecommunications and sound-recording equipment’ (by CZK 2.8 bn) and ‘electrical machinery apparatus and appliance’ (by CZK 2.6 bn). ‘Mineral fuels, lubricants and related materials’ imports grew by 16.8% (CZK 3.5 bn). Imports of ‘crude petroleum’ rose by 10.5% in value, while it dropped by 10.5% in volume. Imports of ‘natural gas’ increased by 9.2% in value and by 1.3% in volume.
A balance of trade surplus with EU Member States rose by CZK 6.7 bn y-o-y to amount to CZK 57.5 bn. Trade balance with non-EU countries ended in a deficit of CZK 39.9 bn which was by CZK 2.8 bn lower compared to June 2010. Surplus rose in trade with Germany (by CZK 5.4 bn) and Slovakia (by CZK 1.0 bn). Balance improved in trade with the United States (by CZK 1.9 bn) as deficit turned into a surplus. The trade gap widened in trade with China (by CZK 1.9 bn) and it shrank in trade with the Russian Federation (by CZK 0.3 bn). The trade balance deteriorated in trade with the Netherlands (by CZK 2.3 bn) as a surplus turned into a deficit.
In January-June 2011, exports and imports rose by 17.6% and 17.4% respectively. The trade surplus stood at CZK 97.7 bn, which was an increase of CZK 16.9 bn, y-o-y. The trade balance improved mainly in ‘machinery and transport equipment’ (surplus up by 52.0 bn). On the contrary, deficit increased in ‘mineral fuels, lubricants and related materials’ (by CZK 22.7 bn) and ‘chemicals and related products’ (by CZK 11.1 bn).
According to the methodology of balance of payments in national concept based on the concept of change of ownership between residents and non-residents, trade balance in June 2011 ended in a surplus of CZK 4.5 bn. The data on exports and imports of goods calculated by using the VAT data according to this concept are available in Table 8.
* * *
According to the CZSO sources data were obtained from 98.3% of companies (for goods dispatched) and 98.6% 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 according to the methodology of Balance of Payments and National Accounts are monthly calculated on the basis of External Trade Statistics data in combination with the Value Added Tax data. The data are extrapolated from the data of previous periods for the months where the data from Value Added Tax declarations are not available. This methodology consists in value substitution of goods operation done by non-residents by its value added, i.e. the difference between the value of inland purchased good in case of exports or sale to inland in case of imports and the value declared crossing the border. While the aim of External Trade Statistics, which has been published in national concept until now according to the regulations of the Parliament and the Council of the European Union, has been the movement of goods across the border, the methodology of Balance of Payments stress the change of ownership between the residents and non-residents.
Notes:
Responsible manager of the CZSO: Ing. Marek Rojíček, Ph.D., Director of Macroeconomic Statistics Branch, phon e (+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): http://www.czso.cz/csu/2010edicniplan.nsf/engs/2010-6
External Trade Database: /csu/czso/ep-6-opendocument
Next News Release: 6 September 2011
The data for individual months of 2009 are final; the data for individual months of 2010 and 2011 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.
Text not edited for language.
Attachments
Archive:
- year 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
Show all
Hide
Published: 08.08.2011
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