According to preliminary data in current prices, the trade balance of goods in March 2024 ended in a surplus of CZK 39.3 bn, which was by CZK 22.3 bn higher, year-on-year (y-o-y).
In March 2024, the total balance of international trade1) in goods2) was favourably influenced mainly by trade in ' electrical equipment ', which improved by CZK 9.0 bn y - o - y (as a deficit turned into a surplus). The trade surplus increased in ' machinery and equipment ' and ' motor vehicles ' by CZK 2.8 bn and CZK 2.3 bn, respectively. The trade deficit in 'basic metals' narrowed by CZK 2.3 bn; and trade in 'other transport equipment' ended with a surplus of CZK 1.4 bn compared to a deficit of CZK 1.3 bn in the previous year.
The total trade balance was affected negatively mainly due to a larger deficit on trade in ' refined petroleum products ' by CZK 1.7 bn and lower surplus on trade in 'electricity' by CZK 1.2 bn.
In March 2024, the positive trade balance with EU Member States fell by CZK 1.7 bn, y - o - y. The trade deficit with non-EU countries decreased by CZK 23.6 bn.
Y-o-y exports decreased by 3.3% to CZK 408.7 bn and y-o-y imports fell by 9.0% to CZK 369.4 bn. March 2024 had three fewer working days than March 2023.
“The trade balance continued to grow, although exports and imports fell year-on-year. This was due to a faster rate of decline in imports, which fell by more than CZK 36 bn compared to last year. Of this, almost CZK 32 bn was accounted for by lower imports of manufacturing products,” says Jana Mazánková, Head of the Trade Balance Unit.
Month-on-month, the seasonally adjusted exports and imports decreased by 1.1% and 2.2%, respectively.
From January to March 2024, the trade balance reached a surplus of CZK 82.2 bn representing a y-o-y increase of CZK 42.0 bn. Exports have risen by 0.3% since the beginning of the year, while imports have fallen by 3.4%.
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Methodological note:
From 2020 onwards, data for International trade in goods (change of ownership) are subject to recalculation using an updated method, based on a higher level of detail. See Update of the compilation method – International trade in goods (change of ownership) .
In accordance with the methodology of Eurostat, selected data for exports and imports of military equipment and weapons for the current period are for safety reasons included in other goods codes and another territorial structure so that the macroeconomic aggregate of international trade in goods is not influenced.
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Notes:
1) The international trade balance is the difference between exports from the Czech Republic and imports to the Czech Republic.
2) The international trade in goods (change of ownership) reflects export and import performance of the Czech economy, i.e. the international 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.
Data for companies, which are subject to the reporting duty and which failed to report data (non-response), has been imputed according to exports and imports 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 respective months of 2023 and 2024 is preliminary; data up to and including year 2022 is final. When data for the reference month is published, six previous months are updated. All months with preliminary data are updated when data for January, March and July is published. Final data is published always in September of the following year.
Responsible head at the CZSO: Miluše Kavěnová, Director of International Trade Statistics Department, phone number (+420) 274 054 176, e-mail: miluse.kavenova@czso.cz
Contact person: Jana Mazánková, Head of Trade Balance Unit, phone number (+420) 274 054 144, e-mail: jana.mazankova@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 sets: https://www.czso.cz/csu/czso/vzonu_ts
241014-23 External Trade of the Czech Republic by CZ-CPA ( quarterly)
https://www.czso.cz/current-product/41321
Next News Release will be published on: June 6, 2024
This press release was not edited for language.
Attachments
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⇩ avzo050724.docx
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Annexes:
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⇩ Chart 1 Balance of international trade in goods (total trade balance, trade balances with the EU Member States and non-EU countries)
- year 2024 | March 2024 | February 2024 | January 2024
- year 2023 | December 2023 | November 2023 | October 2023 | September 2023 | August 2023 | July 2023 | June 2023 | May 2023 | April 2023 | March 2023 | February 2023 | January 2023
- year 2022 | December 2022 | November 2022 | October 2022 | September 2022 | August 2022 | July 2022 | June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022
- year 2021 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021
- year 2020 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020
- year 2019 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019
- year 2018 | December 2018 | November 2018 | October 2018 | September 2018 | August 2018 | July 2018 | June 2018 | May 2018 | April 2018 | March 2018 | February 2018 | January 2018
- year 2017 | December 2017 | November 2017 | October 2017 | September 2017 | August 2017 | July 2017 | June 2017 | May 2017 | April 2017 | March 2017 | February 2017 | January 2017
- year 2016 | December 2016 | November 2016 | October 2016 | September 2016 | August 2016 | July 2016 | June 2016 | May 2016 | April 2016 | March 2016 | February 2016 | January 2016
- year 2015 | December 2015 | November 2015 | October 2015 | September 2015 | August 2015 | July 2015 | June 2015 | May 2015 | April 2015 | March 2015 | February 2015 | January 2015
- year 2014 | December 2014 | November 2014 | October 2014 | September 2014 | August 2014 | July 2014 | June 2014 | May 2014 | April 2014 | March 2014 | February 2014 | January 2014
- year 2013 | December 2013 | November 2013 | October 2013 | September 2013 | August 2013 | July 2013 | June 2013 | May 2013 | April 2013 | March 2013 | February 2013 | January 2013
- year 2012 | December 2012 | November 2012 | October 2012 | September 2012 | August 2012 | July 2012 | June 2012 | May 2012 | April 2012 | March 2012 | February 2012 | January 2012
- year 2011 | December 2011 | November 2011 | October 2011 | September 2011 | August 2011 | July 2011 | June 2011 | May 2011 | April 2011 | March 2011 | February 2011 | January 2011
- year 2010 | December 2010 | November 2010 | October 2010 | September 2010 | August 2010 | July 2010 | June 2010 | May 2010 | April 2010 | March 2010 | February 2010 | January 2010
Published: 07.05.2024
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz
- Methodology
- Time series
| Zařazeno | út 07.05.2024 00:05:00 |
|---|---|
| Zdroj | CZSO News |
| Originál | czso.cz/csu/czso/ari/international-trade-in-goods-change-of-ownership-march-2024?mtm_campaign=rss |
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