Trade balance at record surplus in March

The Czech Republic’s trade balance in March posted a record surplus of 23.4 billion crowns, or around 1.17 billion dollars, the Czech Statistical Office announced on Thursday. The surplus is the largest ever recorded in the country and represents a 14.1 billion crown improvement on the figure in March 2008. Two of the main factors fuelling the surplus were a lower deficit in oil and other fuels and a higher than expected surplus for manufactured goods. During the first quarter, the Czech trade surplus has improved by 1.4 billion compared with the same period a year earlier.

Author: Chris Johnstone