Czech foreign trade surplus widens 3.6% in Jan 2013, beats forecast.

By bne IntelliNews March 11, 2013
Czech foreign trade surplus widened by 3.6% on the year to CZK 31.5bn (EUR 1.2bn) in January 2013, data from the statistics office showed. The reading was above market expectations for a surplus of CZK 30bn in a Reuters poll. The statistics office revised down the foreign trade surplus for full-2012 to a record-high of CZK 309.5bn from CZK 310.8bn announced earlier and compared to CZK 191.1bn reported in 2011. Exports in January reached CZK 245.4bn, falling by 3.2% on the year. Imports declined by 4.1% y/y to CZK 213.9bn in January. The European Union is the countrys main trading partner as it accounted for 82% of the exports and 63% of the imports in January. The Czech Republics trade with EU countries showed a surplus of CZK 65bn, which was by CZK 5.4bn lower on the year. The trade gap with non-EU countries shrank by CZK 6.3bn on the year to CZK 33bn in the firs month of 2013.
in CZKmn Exports Jan 2013 Imports Jan 2013 Balance Exports y/y chage % Imports y/y change %
Total 245 413 213 891 31 522 -3,2 -4,1
Food and live animals 9 298 11 308 -2 010 8,2 14,8
Beverages and tobacco 1 338 1 299 38 19,2 9,8
Crude materials, inedible 6 691 6 937 -246 -2,3 -0,1
Mineral fuels, lubricants 7 776 25 674 -17 898 -28,1 -7,9
Animal and vegetable oils 722 410 312 12,7 -14,4
Chemicals and related products 15 450 25 315 -9 865 4,3 0,8
Manufactured goods by material 42 893 39 440 3 453 -2,5 -1,8
Machinery, transport equipment 133 736 81 290 52 446 -5,1 -9,3
Manufactured articles 26 977 21 351 5 626 5,7 1,1
Commodities not classified 531 866 -335 85,8 36,0
Source: Stats office

Czech foreign trade surplus widens 3.6% in Jan 2013, beats forecast.

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