External trade - February 2019

According to preliminary data in current prices, in February 2019 the external trade balance in goods ended in a surplus of CZK 17.6 bn, which was by CZK 1.4 bn lower, year−on−year (y−o−y).

The total balance in the national concept¹⁾, was favourably influenced mainly by a higher surplus in 'motor vehicles, trailers and semitrailers' by CZK 4.0 bn which was better due to growth of their exports by CZK 4.2 bn.

A y−o−y worse balance in 'other transport vehicles' (by CZK 2.7 bn), 'crude petroleum and natural gas' (by CZK 2.3 bn) and 'computer, electronic and optical products' (by CZK 1.3 bn) had the contrary effect on the total balance.

In February 2019 the trade balance with the EU28 Member States ended in a surplus of CZK 65.4 bn, and thus it was by CZK 9.8 bn higher, y−o−y. The trade deficit with the non-EU countries increased by CZK 10.8 bn to reach the amount of CZK 45.6 bn.

Compared to January 2019 the seasonally adjusted exports and imports decreased by 0.4% and 0.7% respectively. The development trend shows declining exports (−0.1%) and increasing imports (+0.2%).

Compared to the same month of 2018, exports and imports rose by 5.1% (to CZK 300.0 bn) and 6.0% (to CZK 282.4 bn) respectively. February 2019 has the same number of working days as February 2018.

In the period from January to February 2019 the trade balance surplus in the national concept reached CZK 32.2 bn which represented a decrease by CZK 6.9 bn, y−o−y. From the beginning of the year exports and imports went up by 3.3% and 4.8% respectively, y−o−y.

Detailed information on external trade in the national concept can be found at:
https://www.czso.cz/csu/czso/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 concept²⁾ in February 2019 exports and imports increased by 6.4% and 6.7%, respectively. Total exports and imports of goods amounted to values of CZK 359.1 bn and CZK 318.4 bn, respectively.

According to the Eurostat statistics, in January 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-.

Notes:
¹⁾ 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 and foreign entities, i.e. the change of ownership between residents and non-residents.

²⁾ The cross-border concept of external trade reflects only physical movements of goods across the border regardless of whether the trade between Czech and foreign entities 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 are final and data for 2018 and 2019 are preliminary. From the reference period 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 September of the current year.

Responsible head at the CZSO: Karel Král, acting Head of External Trade Statistics Department, phone number (+420) 274 054 253, e-mail: karel.kral@czso.cz
Contact person: Marcela Sládková, Head of External Trade Statistics Outputs Unit, phone number (+420) 274 054 059, e-mail: marcela.sladkova@czso.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: w-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 May 2019

Attachments

⇩ avzo040819.docx
Annexes:
⇩ Chart 1 Balance of external trade in goods in the national concept (total trade balance, trade balances with the EU Member States and non-EU countries)