Czech Trade Balance Falls In April On Weak Exports

Czech trade balance fell by CZK 6.4 billion in April due to the weak exports. According to Czech Statistical Office, fabricated metal products barring machinery and equipment helped was responsible for the latest total trade balance as the surplus fell by CZK 1.7 billion on a year-on-year basis. Its preliminary data suggested that the external trade balance closed with a surplus of CZK 10.6 billion, which was down by CZK 13.8 billion from the previous year period.

The release revealed that the negative balance from chemicals and related products enhanced by CZK 2.8 billion. However, imports in crude petroleum and natural gas advanced in April resulting widening deficit of CZK 5.5 billion.

While the Czech trade balance within the EU 28 member States closed with a surplus of CZK 53.1 billion, there was a deficit of CZK 8.1 billion in trade with non-EU members to hit CZK 41 billion. Yet, the trade balance with the EU members drifted by CZK 5.8 billion from the year-ago period.

On a month-on-month basis, the seasonally adjusted exports and imports were down by 1.3 percent and 1.5 percent respectively. This meant an increase of 0.2 percent.

The released stated, “In the period from January to April 2017 the trade balance surplus in the national concept reached CZK 72.8 bn which represented a decrease by CZK 13.3 bn, y−o−y. From the beginning of the year exports and imports went up by 5.4% and 7.1%, y−o−y, respectively.”

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