Deficit of CR´s foreign agricultural trade down at Kc18.8bn in Q3

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published: 13.12.2013, 17:22 | updated: 13.12.2013 17:24:43

Prague - Deficit of the Czech Republic´s foreign agricultural trade decreased from Kc19.2bn to Kc18.8bn in Q1-Q3 of the year and trade in meat and giblets made up over 70 percent of the gap, according to data from the Agricultural Association made available to CTK.

The country imported Kc148.1bn worth of agricultural commodities, food items, beverages and tobacco products in the said period, Kc6.5bn more compared with last year.

Agricultural exports exceeded Kc129bn, an annual hike of around Kc7bn.

The gap in trade in meat and giblets was around Kc100m lower at Kc13.7bn.

Domestic meat production has been falling but consumption has not changed much in recent years. The drop is offset by rising imports.

Deficit of trade in vegetables rose by more than Kc1bn to Kc7.5bn.

Trade in fruit and nuts posted a deficit of Kc8bn, up Kc350m from the same months last year.

Trade in tobacco and tobacco products ran a surplus of Kc3.8bn, an annual improvement of over Kc1bn.

Trade in beverages and spirits was in the red last year, with loss at Kc500, but in the January-September period this year it posted a profit of Kc170m.

Agricultural trade deficit totalled Kc24.9bn last year, down from a record gap of over Kc36bn in 2011.

The association believes the trade gap will stay below Kc24bn this year, which would be a level seen before 2002. The average deficit reached some Kc30bn between 2003 and 2012.

Author:
www.ctk.cz

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