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Czech trade surplus grows

PRAGUE, Sep 7 – Czech foreign trade posted a high surplus in July but both exports and imports kept shrinking amid the global downturn, official data showed Monday.

The surplus worth 12.3 billion korunas (483 million euros, 693 million dollars) was higher by 224 million euros against July 2008 owing to a lower deficit in trade in mineral fuels, the Czech Statistical Office said.

But exports fell by 17.9 percent and imports shrank by 21.3 percent on an annual basis, extending the decline in Czech trade volume to ten straight months.

On a monthly basis, exports rose by 0.5 percent while imports slid by 1.4 percent in July.

In January-July, exports dropped by 19.1 percent and imports slumped by 21.3 percent, while the aggregate surplus grew by 734 million euros against a year ago to 3.5 billion euros, statisticians said.

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