Trade deficit widened to CZK 27bn, mainly due to energy

Published: 09.12.2022 Related countries:  Japan Japan

The balance of foreign trade in goods at current prices ended with a deficit of CZK 26.8bn in October 2022, up CZK 10.0bn y/y, according to preliminary data.

This was reported by the Czech Statistical Office, adding that the main reason is still high prices of imported energy commodities and inputs. The balance with EU countries improved by CZK 17.1bn. The deficit with non-EU countries widened by CZK 27.5bn. Exports rose by 17.2% to CZK 392.1bn and imports by 19.2% to CZK 418.9bn. On a month-onmonth adjusted basis, exports fell by 2.6% and imports by 1.8%. In 10M 2022, the balance showed a deficit of CZK 174.3bn (2021: surplus of CZK 3.4bn).