Moderate surplus is in line with expectations; positive is especially the rising dynamics of export again. In comparison with November 2004 the export rose by 7.8%, import by 7.0%. The key factor is continuation of car industry growth, where the introduction of new production lines begins to materialize. At the same time machinery and transport vehicles import grew which could mean revival of investment activity. For the whole last year we expect surplus of CZK 38bn and this year it could rise to CZK 52bn which should be helped by economical growth in Western Europe.