Czech trade surplus widens to record-high in Oct 2011 on strong exports growth.

By bne IntelliNews December 8, 2011
Czech foreign trade surplus in October 2011 widened by 86.3% on the year to a record high of CZK 25.5bn (EUR 839mn), as exports grew two times faster than imports, the statistics office said. The countrys trade surplus in September was revised up to CZK 21.58bn. Exports rose by 9.6% y/y in October, following a 7.8% y/y rise in September. Imports increased by an annual 4.9%, slightly faster than the 3.5% increase in the previous month. The Czech Republics trade with EU countries showed a surplus of CZK 56.9bn, which was by CZK 1.6bn lower on the year. The trade gap with non-EU countries narrowed by CZK 13.4bn y/y to CZK 31.4bn. Foreign trade data adjusted for transactions by non-residents showed a surplus of CZK 12.1bn in October, compared to a revised surplus of CZK 9.34bn in September. The countrys trade surplus reached CZK 159.8bn in the first nine months of 2011, up by 30.4% y/y. Exports increased by 14.4% y/y and imports grew by 12.3% y/y. IntelliNews comment : Czech foreign trade surplus is expected to further increase in the months to come but the growth will be mainly due to decelerating pace in imports' increase. Exports is also expanding at a much slower annual rate than in the first half of the year, a sign that Czech main export market are starting to feel the effects of the economic slowdown.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss