Commentary of the Ministry of Industry and Trade on foreign trade results in March 2019

13. 5. 2019 | Source: Ministry of Industry and Trade of The Czech Republic

motiv článku - Commentary of the Ministry of Industry and Trade on foreign trade results in March 2019 Exports grew by 5.4% year-on-year to CZK 330 billion and imports by 4.3% to CZK 308.2 billion.

“Foreign trade in goods showed good results in March. The volume of exported goods as well as the trade surplus was highest since the beginning of this year. Exports grew faster than imports, which was reflected by a higher year-on-year increase in the trade balance surplus. Exports of manufacturing products, especially motor vehicles, have been successful,” said Vladimír Bärtl, Deputy Minister of Industry and Trade for the European Union and Foreign Trade.

“However, the question remains whether surprisingly strong March data will be repeated or return to a long-term decelerating trend in the coming months. In our opinion, the balance of goods will continue to decline this year,” added Vladimír Bärtl.

For more information see Czech Statistical Office.

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