External Trade - May 2013

Exports and imports decreased y-o-y

08.07.2013
Code: r-6001-13
 




In May 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices decreased by 0,8% and 3.7%, year-on-year (y−o−y), respectively. The trade balance ended in a surplus of CZK 28.8 bn, which was by CZK 6.7 bn higher compared to May 2012.

According to preliminary data of ‘cross−border statistics’, seasonally adjusted exports and imports fell by 1.3% and by 1.1% respectively compared to April 2013. The development trend shows increasing exports (+0.3%) and decreasing imports (−0.1%).

Year−on−year, exports and imports at current prices went down by 0.8% (CZK −1.9 bn) and 3.7% (CZK −8.7 bn) respectively. Exports of entities seated in the Czech Republic were higher by 0.7% (CZK +1.5 bn) while exports entities seated outside the Czech Republic fell by 6.3% (CZK −3.4 bn). Imports of entities seated in the Czech Republic decreased by 3.7% (CZK −7.4 bn) while imports of entities seated outside the Czech Republic were by 3.5% (CZK −1.2 bn) lower.

Due to the depreciation of CZK to two main currencies, external trade fell expressed in terms of euro (exports by −2.9% and imports by −5.8%) and in US dollars (exports by −1.4% and imports by −4.3%) y−o−y.

In May, the trade balance ended in a surplus of CZK 28.8 bn which was by CZK 6.7 bn higher y−o−y. The balance of trade of entities seated in the Czech Republic showed a surplus of CZK 11.9 bn (against a surplus of CZK 3.0 bn in May 2012), the trade balance of entities not seated in the Czech Republic recorded a surplus of CZK 16.8 bn (compared to a surplus of CZK 19.0 bn in May 2012).

Y−o−y, surplus grew in ‘manufactured goods classified chiefly by material’ (by CZK 2.0 bn), miscellaneous manufactured articles’ (by CZK 1.4 bn), ‘machinery and transport equipment’ (by CZK 1.3 bn), ‘crude materials, inedible, except fuels’ (by CZK 0.5 bn) and ‘beverages and tobacco’ (by CZK 0.3 bn). ‘Mineral fuels, lubricants and related materials’ and ‘chemicals and related products’ recorded a decline in deficits (by CZK 1.8 bn and CZK 0.2 bn respectively). In ‘food and live animals’, a deterioration of trade balance was posted (deficit up by CZK 0.3 bn).

Total 'machinery and transport equipment' exports fell by 3.6% (CZK +5.1 bn). Exports dropped mainly in ‘office machines, automatic data−processing machines’ (CZK −4.9 bn CZK) and ‘other transport equipment’ (CZK −1.3 bn). On the other hand, exports of ‘general industrial machinery and equipment’ went up (by CZK +1.7 bn). Total 'machinery and transport equipment' imports were by 6.4% (CZK −6.4 bn) lower, y−o−y, of which the largest decreases were observed in ‘office machines, automatic data−processing machines’ (CZK −2.4 bn) and ‘other transport equipment’ and ‘power-generating machinery and equipment (both by CZK −1.9 bn). Imports of ‘mineral fuels, lubricants and related materials’ decreased by 12.5% (CZK −3.2 bn), y−o−y. Imports of crude petroleum rose by 10.4% in value and by 18.1% in volume. Imports of natural gas were lower by 27.6% in value and by 25.2% in volume.

The trade balance with EU Member States ended in a surplus of CZK 56.4 bn, which was by CZK 2.4 bn lower, y−o−y. Deficit of trade with non-EU countries decreased by CZK 9.5 bn to CZK 26.7 bn. Deficit shrank in trade with the Russian Federation (by CZK 1.5 bn), the United States (by CZK 1.4 bn) and China (by CZK 1.2 bn). Surplus rose in trade with Belgium (by CZK 1.0 bn) and deficit decreased in trade with Poland (by CZK 0.5 bn). On the other hand, balance deteriorated in trade with Germany (surplus down by 2.9 bn), the Netherlands (by CZK 1.2 bn as a surplus turned into a deficit) and Slovakia (surplus down by CZK 0.3 bn).

In January−May 2013, exports and imports fell by 1.7% and 3.9% respectively. The trade balance surplus amounting to CZK 160.0 billion was up by CZK 23.3 billion y-o-y. The trade balance improved due to increases in surplus in ‘miscellaneous manufactured articles’ (CZK +7.7 bn), ‘machinery and transport equipment’ (CZK +6.7 bn) and ‘manufactured goods classified chiefly by material’ (CZK +5.3 bn). Deficit in ‘mineral fuels, lubricants and related materials’ decreased (by CZK 3.8 bn).

The trade balance in national concept (methodology of balance of payments) reflecting performance of the Czech economy showed a surplus of CZK 14.3 bn in May 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 98.2% of companies (for goods dispatched) and 98.3% 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. 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.
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 (cross−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): /csu/czso/external-trade-of-the-czech-republic-december-2013-gaipctvf7d
External Trade Database: http://apl.czso.cz/pll/stazo/STAZO.STAZO?jazyk=EN
Next News Release: August 6, 2013

This press release was not edited for language.



  • avzo070813.doc

  • Annexes:
  • Table 1 External trade in goods in CZK million, year-on-year indices (‘cross-border statistics’)
  • Table 2 External trade in goods by sections of SITC, in CZK million, share percentage, year-on-year indices (‘cross-border statistics’)
  • Table 3 External trade in goods by group of countries in CZK million, share percentage, year-on-year indices (‘cross-border statistics’)
  • Table 4 External trade in goods in EUR million, year-on-year indices (‘cross-border statistics’)
  • Table 5 External trade in goods in USD million, year-on-year indices (‘cross-border statistics’)
  • Table 6 Time series decomposition – exports, seasonal adjustment (‘cross-border statistics’)
  • Table 7 Time series decomposition – imports, seasonal adjustment (‘cross-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 (‘cross-border statistics’)
  • Graph 1 Exports in CZK billion (‘cross-border statistics’)
  • Graph 2 Imports in CZK billion (‘cross-border statistics’)
  • Graph 3 Balance in CZK million, year-on-year-changes (‘cross-border statistics’)
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Published: 08.07.2013
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