Czech Republic posts record trade surplus in 2007
Foreign trade enjoyed a record surplus last year, to the tune of 86.1 billion CZK (4.31 billion USD). The Czech Statistical Office unveiled the figure on Tuesday, adding that this was over twice the surplus recorded in 2006. Exports of machinery and transportation were responsible for a large portion of the surplus, while chemical and food producers had a relatively poor year in 2007. Exports were up 15% year on year in 2007, while imports grew by 13.1%.