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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