Czech trade falls further in May

Czech foreign trade kept shrinking in May as the global crisis sent both exports and imports down by more than 20 percent year-on-year, the Czech Statistical Office said on Tuesday. Exports tumbled by 21.2 percent while imports contracted by 23.2 percent against May 2008, suggested official data. Czech trade posted a surplus worth 11.7 billion crowns (628.6 million USD) in May, a growth of 107.6 million USD against a year ago. The value of imports in May was the lowest since January 2006, a spokesperson from the Statistical Office said.

Author: Rosie Johnston