May trade surplus follows surge in imports and exports

The Czech foreign trade balance ended in May with a surplus of 12.3 billion crowns. Overall exports rose by 24.4 percent and imports by 25.9 percent compared with the same month a year earlier. That sort of increase has not been seen since 2005, soon after the country became a full member of the European Union. Analysts said that Czech trade volumes have now returned to the sort of levels seen in 2008, before the economic crisis. But they have also warned that it is too early to say that the economic crisis is over.

Author: Chris Johnstone