The Czech Republic’s foreign trade ended in August with a surplus of 10.6 billion kroons. When compared year to year, this result is 9 billion better.
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As announced by the Czech Statistical Office, the Czech foreign trade results were positive mainly due to a small decrease in trade in mineral fuels by 4.2 billion and also an increase in the trade surplus in transport equipment by 3.3 billion.
Exports from the Czech Republic in August fell in current prices year-on-year by 8.8 percent and imports to the Czech Republic by 14.2 percent.
According to Patria Finance analyst David Marek, Czech foreign trade is influenced by the improving economic situation abroad, especially in Germany. Most importantly, second-hand goods and other economic policy measures were adopted abroad, which helped stimulate Czech exports.
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