Czechia's Foreign Trade Surplus Reaches Kc13.3bn in May

Strategic Insights -

The Czech Republic's foreign trade ended May with a surplus of Kc13.3bn, a year-on-year increase of Kc2.1bn, driven mainly by a significant surplus in the trade of motor vehicles. The exports from the Czech Republic rose by 2 percent year-on-year to Kc389.8bn in May, while imports increased by 1.5 percent to Kc376.5bn. The seasonally adjusted exports and imports fell by 0.2 percent and 1 percent, respectively, compared to April.

Key Takeaways:

  • The Czech Republic's foreign trade surplus in May 2023 reached Kc13.3bn, a year-on-year increase of Kc2.1bn.
  • The surplus in the trade of motor vehicles was Kc6bn higher than in May last year, contributing significantly to the overall trade surplus.
  • The trade deficit in computers, electronic and optical products fell by Kc2.8bn year-on-year.
  • The trade deficit in refined petroleum products also dropped by Kc2.8bn year-on-year.
  • The surplus in foreign trade with EU countries rose by Kc4.2bn year-on-year in May.
  • The trade deficit with non-EU countries decreased by Kc0.7bn.

Statistics:

  • Kc13.3bn: The overall foreign trade surplus in May.
  • Kc2.1bn: The year-on-year increase in the foreign trade surplus.
  • 2%: The year-on-year increase in exports from the Czech Republic in May.
  • Kc389.8bn: The exports from the Czech Republic in May.
  • 1.5%: The year-on-year increase in imports to Kc376.5bn in May.
  • Kc5.2bn and Kc2.2bn: The increases in exports of motor vehicles and electrical equipment, respectively.
  • Kc6bn: The increase in the trade surplus in motor vehicles compared to May last year.
  • Kc2.8bn and Kc2.8bn: The year-on-year decreases in the trade deficit in computers, electronic and optical products, and refined petroleum products, respectively.
  • Kc4.2bn: The year-on-year increase in the surplus in foreign trade with EU countries.

Sources:

  • CTK: Reuters: "Czechia's foreign trade surplus reaches Kc13.3bn in May" (July 7).