Thursday, January 10, 2008

Czech Trade Surplus November 2007

The Czech trade surplus widened in November from October as imports grew at the slowest pace in 19 months. The surplus widened to 11.3 billion koruna ($641 million) from 8.6 billion koruna in October and 5 billion koruna a year ago, the Prague-based statistics office said today.

Czechia probably posted a record trade surplus for the third year in a row in 2007 on the back of mounting demand from European Union countries for Czech goods.

Exports increased 11 percent from November to 233.9 billion koruna, the lowest growth rate since August 2006. Imports grew 8.2 percent to 222.6 billion koruna.

The cumulative positive balance for the January-November period amounted to 87.2 billion koruna, a 43.7 billion-koruna increase from a year ago.

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