Total balance in the national concept was favourably influenced mainly by a y−o−y decrease of deficit in 'crude petroleum and natural gas' by CZK 3.0 bn and by an increase of surplus in 'motor vehicles' by CZK 2.4 bn, 'electrical equipment' by CZK 1.3 bn and 'machinery and equipment' by CZK 1.0 bn as well.
A deeper deficit in 'coke and refined petroleum products' and 'chemicals and chemical products' by CZK 1.6 bn and CZK 1.0 bn respectively had the main negative effect on the total trade balance, y−o−y.
In April 2018 the trade balance with the EU28 Member States ended in a surplus of CZK 57.1 bn, and thus it was by CZK 4.2 bn higher, y−o−y. The trade deficit with the non-EU countries widened by CZK 0.6 bn to reach the amount of CZK 39.9 bn.
Exports and imports increased by 6.8% and 4.8% respectively in April 2018. Total exports and imports of goods amounted to a value of CZK 352.0 bn and CZK 311.6 bn, respectively. According to the Eurostat statistics, in March 2018 the Czech Republic shares in the total exports and imports of the European Union were 3.0% and 2.7%, respectively.
Published by the team of CzechTrade foreign office in Chicago.