External trade - October 2019

According to preliminary data in current prices, in October 2019 the external trade balance in goods ended in a surplus of CZK 7.2 bn, which was by CZK 7.8 bn better result year−on−year (y−o−y).

Total balance of external trade¹⁾ in the national concept²⁾ was influenced in a positive manner mainly by a lower deficit in 'crude petroleum and natural gas' by CZK 4.0 bn. Furthermore, surplus in 'machines and equipment' increased by CZK 2.5 bn, the trade balance in 'other transport equipment' improved by CZK 1.4 bn (a deficit turned into a surplus) and deficit in 'basic metals' shrank by CZK 1.3 bn.

Larger deficit in 'computer, electronic and optical products' by CZK 2.8 bn had the main opposite effect on the total balance. Surplus in 'motor vehicles, trailers and semitrailers' decreased by CZK  0.7 bn, y−o−y.

In October 2019, the trade balance with the EU28 Member States ended in a surplus of CZK 64.2 bn, and thus it was by CZK 0.4 bn higher, y−o−y. The trade deficit with non−EU countries decreased by CZK 7.6 bn to reach the amount of CZK 55.5 bn.

Compared to September 2019, the seasonally adjusted exports fell by 0.8%, while imports rose by 0.9%. The trend shows increasing exports (+0.2%) and imports (+1.2%).

Compared to the same month of 2018, exports decreased by 3.2% to reach CZK 335.9 bn, and imports fell by 5.5% to attain CZK 328.7 bn. October 2019 had one less working day than October 2018.

In the period from January to October 2019, the trade balance surplus in the national concept amounted to CZK 143.8 bn, which represented an increase by CZK 57.8 bn, y−o−y. From the beginning of the year, exports and imports went up by 3.1% and 1.2%, respectively, y−o−y.

Detailed information on external trade in the national concept can be found at:
https://csu.gov.cz/external_trade_in_goods_according_to_the_change_of_ownership_-national_concept-.
 

Information on the cross-border movement of goods

According to preliminary data in current prices of the cross-border concept³⁾, exports and imports decreased by 2.9% and 5.0%, respectively, in October 2019. Total exports and imports of goods amounted to values of CZK 422.2 bn and CZK 380.5 bn, respectively.

According to the Eurostat statistics, in September 2019 the Czech Republic shares in the total exports and imports of the European Union were 3.3% and 2.9%, respectively. 

Detailed information on external trade in the cross-border concept can be found at:
https://www.czso.cz/csu/czso/external_trade_in_goods_according_to_the_movement_-cross_border_concept-.
 

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Notes:
¹⁾ The external trade balance is the difference between exports from the Czech Republic and imports to the Czech Republic
²⁾ The 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 Czech entities and foreign ones, i.e. the change of ownership between residents and non-residents.
³⁾ The cross-border concept of external trade reflects only physical movements of goods across the border regardless of whether the trade between Czech entities and foreign ones occurs. These data are internationally comparable and can be used as indicators of development in the value of trade.

Data for companies, which are subject to the reporting duty and which failed to report data (non-response), have been imputed according to dispatches and receptions these companies reported in the previous period. Data for companies exempted from the reporting duty were estimated on the basis of the data given in the VAT return forms. The data, which were not available from the VAT return forms, are estimated on the basis of the values for previous periods.

Data for 2017 and 2018 are final; data for respective months of 2019 are preliminary.
From the reference period of January 2019 external trade data for the whole previous and the current year are updated monthly. Final data for the previous year are published in October of the current year.

Responsible head at the CZSO: Miluše Kavěnová, Director of External Trade Statistics Department, phone number (+420) 274 054 176, e-mail: miluse.kavenova@csu.gov.cz
Contact person: Stanislav Konvička, External Trade Statistics Department, phone number (+420) 274 054 254, e-mail: stanislav.konvicka@csu.gov.cz
Method of data collection: Intrastat forms and single administrative documents and value added tax return forms
End of data collection: 20th working day after the end of the reference month
Following data set: 241013-19 External Trade of the Czech Republic –detailed breakdown (monthly):
https://www.czso.cz/current-product/41320
External Trade Database is available at: http://apl.czso.cz/pll/stazo/STAZO.STAZO?jazyk=EN
Next News Release will be published on: 9 January 2020