Czech Trade Surplus Increases In November

Czech trade surplus increased to CZK 11.7 billion in November from CZK 9.7 billion in the preceding month, according to a Statistics Department press statement.

Similarly, Czech trade surplus expanded by CZK 3.4 billion in November from the previous year period. The total was favorably influenced by a small deficit in chemicals and chemical products by CZK 1.9 billion.

On the other hand, machinery and equipment has seen trade surplus expanding by CZK 1.7 billion while motor vehicles saw its surplus jumping CZK 1.2 billion. Similarly, electrical equipment recorded an increase of CZK 1.1 billion on a year-on-year term.

A big trade deficit was seen in basic metals and products of agriculture and hunting to the tune of CZK 2.6 billion and CZK 1.1 billion respectively. These have had a unfavorable impact on total trade balance.

The release added, “In November 2017 the trade balance with the EU28 Member States ended in a surplus of CZK 56.8 billion, and thus it was by CZK 2.1 billion higher, y−o−y. The trade deficit with the non-EU countries shrank by CZK 1.3 billion to reach the amount of CZK 43.1 billion.”

For the period January to November, the trade surplus has hit CZK 157.1 billion. This represented a fall of CZK 14.9 billion on a year-on-year basis.

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