The automobile trade primarily influenced this positive outcome, while trading with refined petroleum products had a negative impact. Exports rose 19.7 per cent year-on-year to 416.2 billion crowns and imports by 13.1 per cent to 383.1 billion crowns.

“In the fourth month of this year, there was a year-on-year export increase for almost all commodity groups. Foreign trade with motor vehicles dominated again on the export and import sides. Conversely, the highest decline occurred in the import of oil and natural gas, where we recorded a year-on-year decrease of 4.4 billion crowns,” said Jana Mazánková, head of the Czech Statistical Office trade balance department.

The overall results of foreign trade were favourably affected by 15.7 billion crowns’ higher surplus in trade with motor vehicles. The trade balance with electrical equipment also improved, resulting in a surplus, and the trade deficit with oil and natural gas fell by 4.5 billion crowns.

Trade with refined petroleum products, which ČSÚ says negatively affected the outcome of the Czech Republic’s foreign trade, showed a deficit increase of 4.4 billion crowns. The trade deficit with computers, electronic and optical devices rose by 3.5 billion and with basic metals by 2.2 billion.

Source: Czech Daily

Prepared by the team of foreign offices CzechTrade Osaka and Tokyo