Total exports in October increased by 3.8 percent year-on-year to CZK 404.1 billion, while imports fell by 5.7 percent to CZK 391.3 billion. Compared to last October, this year there are two more working days. Exports also increased compared to the previous month, while imports fell. After seasonal adjustments, exports increased 0.6 percent compared to September, and imports fell one percent.

“In October, the trade balance continued to show good development thanks to growth in exports of motor vehicles and spare parts from year to year which reached almost 28 percent. Lower year-on-year oil import values ​​for most commodities referred to as fossil fuels contributed to the positive results, although we recorded the highest oil import values ​​this year,” said Miluše Kavěnová, director of the Department of Foreign Trade Statistics. from CZSO.

The motor vehicle trade surplus in October increased year-on-year by CZK 16.9 billion due to higher exports. The oil and natural gas trade deficit fell by CZK 11 billion. October's foreign trade results were also positively influenced by a decrease in the trade deficit in base metals by CZK 2.7 billion and an increase in the positive trade balance in machinery and equipment by CZK 2.2 billion.

In contrast, the overall balance was negatively impacted by a larger trade deficit in computers, electronic and optical devices of CZK 2.9 billion, and a lower trade surplus in forestry and logging products of CZK 1 billion.

According to statistics, in October the foreign trade balance with European Union countries increased year-on-year by CZK 3.1 billion, and the trade deficit with non-EU countries decreased by CZK 35.2 billion.