Home / Knowledge / News / Exports and imports maintain double-digit growth
Exports and imports maintain double-digit growth
07
Apr '08
According to preliminary data, seasonally adjusted exports decreased by 0.6% and imports by 0.1%, month-on-month. The trend component rose by 2.0% in exports and by 1.6% in imports.

Year-on-year, exports at current prices grew by 11.4% and imports by 11.5%. Due to appreciation of the koruna against the euro and even more against the US dollar, external trade grew faster in euros (both exports and imports +24.0%) and US dollars (exports +39.8%, imports +39.9%) than in korunas.

The trade balance reached a surplus of CZK 14.3 billion, which was by CZK 1.4 billion more year-on-year. February trade balance has been active since 2002 (except February 2003). Trade balance with EU states was active by CZK 43.8 billion and with non-EU states passive by CZK 29.5 billion.

Improvements of the trade balance were mainly achieved due to increases of surplus in 'machinery and transport equipment' (by CZK 5.2 billion) and 'crude materials, inedible, except fuels' (by CZK 0.6 billion). Conversely, balance deteriorated as deficits in 'chemicals and related products' were up by CZK 3.0 billion and CZK 1.5 billion, respectively. Surplus of trade dropped in 'miscellaneous manufactured articles' by CZK 1.9 billion and 'manufactured goods classified chiefly by material' by CZK 0.2 billion.

In exports of 'machinery and transport equipment' the total growth of 13.1% (CZK 13.6 billion) was registered, of which the highest export increases were achieved in 'electricalmachinery, apparatus and appliances' (CZK 2.9 billion). Total imports of 'machinery and transport equipment' were up by 11.1% (CZK 8.4 billion), of which the highest increases were recorded in 'electrical machinery, apparatus and appliances' (both by CZK 2.5 billion).

The growth of 33.1% (CZK 4.7 billion) in imports of 'mineral fuels, lubricants and related materials' was mainly due to higher imports of crude petroleum which grew by 32.4% in value but fell by 6.1% in volume. Imports of natural gas rose by 26.2% in value and by 16.2% in volume.

By group of countries, trade surplus with EU states rose by CZK 7.2 billion and trade deficit with non-EU states increased by CZK 5.8 billion. Trade surplus grew with France (by CZK 2.0 billion), the United Kingdom (by CZK 1.3 billion), Poland (by CZK 1.1 billion), and Slovakia and Italia (both by (CZK 1.0 billion).


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X