Worldwide commerce in items (change of possession)
In accordance with preliminary information in present costs, the commerce stability in items in January 2021 confirmed a surplus of CZK 24.6 billion, up CZK 7.3 billion, year-on-year (year-on-year).
The overall stability of worldwide commerce1) within the items2)was favorably influenced primarily by means of reductions ay – o – y in commerce deficits in “Crude oil and pure fuel” of CZK 3.2 billion (as a consequence of decrease import portions) and “meals merchandise” of CZK 1.8 billion. Commerce surplus of ‘fabricated metallic merchandise’ elevated by CZK 1.3 billion.
The overall stability was negatively affected by a y – o – y decrease surplus in “Motor automobiles, trailers and semi-trailers” by CZK 3.3 billion, as a consequence of a lower of their exports of CZK 4.7 billion. Commerce deficit for ‘pc, digital and optical merchandise’ widened by CZK 1.3 billion.
Y – o – y,exports fell 0.6% to 303.1 billion CZK and imports fell 3.2% to CZK 278.5 billion. January 2021 had two working days lower than January 2020.
In comparison with December 2020, the seasonally adjusted exports fell 2.0%, whereas imports elevated by 1.8%. The development reveals a lower in exports (−0.9%) and a rise in imports (+ 0.3%).
In January 2021, the commerce stability with the EU273) Member States ended with a surplus of CZK 66.0 billion, CZK 4.0 billion extra year-on-year. The most important enhance within the year-over-year surplus was recorded in commerce with Germany (CZK 2.4 billion); as well as, the commerce deficit with Poland decreased by CZK 2.0 billion. In distinction, the commerce surplus with Slovakia decreased by CZK 3.1 billion.
In January 2021, export to Eurozone nations accounted for 65.3% of all Czech exports; imports from euro space nations to the Czech Republic accounted for 48.9% of all Czech imports. On a year-over-year foundation, exports to the euro space fell 0.3% (CZK 0.6 billion) to CZK 197.8 billion; imports from the euro space fell by 2.3% (CZK 3.2 billion) to succeed in CZK 136.1 billion. In January 2021, the Czech koruna weakened towards the euro by a median of three.5% y-oy.
The commerce deficit with no – EU27 nations decreased by CZK 3.5 billion to CZK 40.3 billion. The commerce stability improved with Azerbaijan and the Russian Federation by CZK 2.8 billion and CZK 1.1 billion, respectively, with a deficit turning right into a surplus.
Since 2020, the Czech Statistical Workplace (CZSO) has modified the terminology and the way in which information is introduced. Overseas commerce is now referred to as worldwide commerce. Information based mostly on the change of possession between residents and non-residents (previously referred to as “nationwide idea of international commerce”) is now known as “worldwide merchandise commerce (change of possession)”. The “cross-border idea of international commerce” refers back to the cross-border motion of products.
Additional info: https://www.czso.cz/csu/czso/changes-in-international-trade-statistics
1) The worldwide commerce stability is the distinction between exports from the Czech Republic and imports to the Czech Republic.
2)The worldwide commerce in items (change of possession) displays the export and import efficiency of the Czech financial system, i.e. additionally the worldwide commerce stability of the Czech Republic. It measures the precise change of products between Czech entities and international entities, i.e. the change of possession between residents and non-residents.
3) The EU27 – since February 1, 2020, the UK is now not a member of the European Union.
Information regarding firms, that are topic to the reporting obligation and which didn’t present information (non-response), had been imputed in accordance with the shipments and receipts that these firms declared through the interval. earlier. The info regarding firms exempt from the obligation of declaration had been estimated on the idea of the info offered within the VAT declaration kinds. The info, which weren’t obtainable from the VAT return kinds, are estimated on the idea of values from earlier durations.
Information for the respective months of 2020 and 2021 are preliminary; information as much as and together with the yr 2019 are closing. When the info for the reference month is launched, the earlier six months are up to date. Month-to-month with preliminary information is up to date when information for January, March and July is launched. The ultimate information are at all times revealed in September of the next yr.
Accountable supervisor at CZSO: Miluše Kavěnová, Director of the Division of Worldwide Commerce Statistics, phone quantity (+420) 274054176, E-mail: [email protected]
Contact particular person: Stanislav Konvička, Head of Commerce Steadiness Unit, cellphone quantity (+420) 274054254, E-mail: [email protected]
Information assortment technique: Intrastat kinds and single administrative paperwork and worth added tax declaration kinds
Finish of knowledge assortment: twentieth working day after the top of the reference month
Following dataset: https://www.czso.cz/csu/czso/vzonu_cr
The subsequent press launch shall be revealed on: April 8, 2021