The result was positively influenced mainly by trade in electrical equipment. Conversely, trade in computers, electronic and optical instruments had a negative impact. The preliminary data was released on Monday by the Czech Statistical Office (ČSÚ). The balance for the first five months of this year ended in a surplus and together exceeded the total balance of last year.

In terms of exports and imports, apart from the traditional trade in motor vehicles, exports and imports of computers, electronic and optical instruments saw the highest increase in May. On the other hand, larger declines on both sides of the trade were observed in electrical equipment and machinery and equipment.

Exports increased by 1.2 percent year-on-year to 388.4 billion CZK, while imports remained roughly at the same level as the previous year, at 374.8 billion CZK. In month-on-month comparison and after seasonal adjustment, both exports and imports decreased by 3.2 percent and 2.1 percent, respectively.

Source: ČTK

Prepared by the CzechTrade London team.