Car exports help quell 12-month export decline

09-01-2010

A rise in car exports has helped stop a 12-month decline in Czech exports and to improve the country’s trade surplus in November, the AFP news agency has reported, citing figures released this week. The overall trade surplus amounted to 14.5 billion crowns (the equivalent of 552 million euros) the Czech Statistical Office reported, against a 42-milion euro gap in November in 2008. Exports were flat compared with the level in 2008 – the best result since the global downturn began one year ago, while imports dropped by 8.0 percent. The Czech Statistical Office pointed to the automotive industry as having had the greatest positive impact towards the improvement.