Foreign trade reached record highs in 2015

9. 2. 2016 | Source: Czech Statistical Office

motiv článku - Foreign trade reached record highs in 2015 In December 2015, according to preliminary data of ‘national concept' in current prices, the trade balance ended in a surplus of CZK 0.5 bn, which was an improvement of CZK 6.2 bn year−on−year (y−o−y).

Year−on−year, total balance in national concept was favourably influenced mainly by a decrease of deficit in'mineral fuels, lubricants and related materials' (by CZK 5.2 bn) and by a growth of the trade surplus in 'machinery and transport equipment' (by CZK 4.4 bn), 'miscellaneous manufactured articles' (by CZK 1.3 bn) and 'beverages and tobacco' (by CZK 0.4 bn). Total balance was unfavourably affected by a y−o−y deepening of deficit in 'manufactured goods classified chiefly by material' (by CZK 2.5 bn), 'chemicals and related products' (by CZK 2.2 bn) and 'food and live animals' (by CZK 0.5 bn).

The trade balance with EU28 Member States ended in a surplus of CZK 37.4 bn, which was by CZK 8.2 bn more, y−o−y. Deficit of trade with non-EU countries increased by CZK 0.7 bn to amount to CZK 34.1 bn.

In December, national concept exports grew by 5.2% (to CZK 249.3 bn) and imports by 2.6% (to CZK 248.8 bn), y−o−y.

In 2015, trade surplus in national concept reached CZK 149.1 bn which represented a y−o−y increase of CZK 3.1 bn. From the beginning of the year exports and imports went up by 6.5% and 6.7% respectively, y−o−y.

Detailed information on external trade in national concept is available on CZSO website. Preliminary data are based on the cross-border trade of residents and estimates of internal trade between residents and non-residents. These estimates will be updated next month.

National concept of external trade reflects export and import performance of the Czech economy, i.e. the external trade balance of the Czech Republic as well. It measures real trade in goods carried out between the Czech and foreign entities, i.e. a change of ownership between residents and non-residents. On the other hand, cross-border concept of external trade reflects only physical movements of goods across the border regardless of whether the trade between the Czech and foreign entities occurs. These data are internationally comparable and can be used as indicators of development of value of the trade.

In December 2015, according to preliminary data of ‘cross-border concept’ in current prices, exports and imports grew by 6.8% and 8.2% respectively, y−o−y.

Month-on-month, in ‘cross-border concept’ seasonally adjusted exports and imports fell by 0.7% and 1.7% respectively. The development trend shows decreasing exports (−0.6%) and imports (−0.5%).

Y-o-y, exports and imports in terms of euro increased by 9.2% and 10.6% respectively in December. In terms of US dollars exports and imports fell by 3.8% and 2.5% respectively.

Total exports of goods in ‘cross-border concept’ (goods leaving the Czech Republic territory) amounted to value of CZK 300.1 bn and total imports in ‘cross-border concept’ (goods entering the Czech Republic territory) reached CZK 283.1 bn.

Total 'machinery and transport equipment' exports grew by 5.5% (CZK +8.8 bn), y−o−y. Exports grew mainly in 'road vehicles' (CZK +5.6 bn), 'telecommunications and sound-recording equipment' (CZK +2.4 bn) and 'electrical machinery, apparatus and appliances' (CZK +2.2 bn). Total 'machinery and transport equipment' imports rose by 11.3% (CZK +14.1 bn), y−o−y. Imports were higher mainly in 'telecommunications and sound-recording equipment' (CZK +10.1 bn), 'road vehicles' (CZK +2.7 bn) and 'office machines, automatic data-processing machines' (CZK +1.8 bn). Imports of 'mineral fuels, lubricants and related materials’ dropped by 23.0% (CZK −4.7 bn), y−o−y. Imports of crude petroleum decreased by −48.7% in value and by −18.2% in volume. Imports of natural gas were higher (by +4.1%) in value and higher (by +30.2%) in volume.

In 2015 compared to 2014, exports and imports in cross-border concept grew by 7.2% and 8.0% respectively. The external trade turnover went up by CZK 515.9 bn to CZK 7 344.3 bn, y−o−y.

Detailed information on external trade in ‘cross-border concept’ is available on CZSO website.

Article tags

Related articles

Discussion

+ New item