Czech Republic Balance of Trade

Last Release

Nov 30, 2024

Actual

23,586

Units In

CZK Million

11,028

Frequency

Monthly

Next Release

Feb 06, 2025

Time to Release

28 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
39,283 Mar 2024	-28,400 Apr 2022	5,507.18 CZK Million	2005-2024	Czech Statistical Office

Czech Republic is intensively involved in international trade. It engages in the export of numerous manufactured goods that are used in the production of automobiles, furniture, and electrical appliances. Czech Republic imports mainly machinery and transportation equipment, raw materials, fuels and chemicals. European Union is by far its largest trading partner, accounting for about 83% of exports and 65% of imports.

Latest Updates

The Czech Republic trade surplus narrowed to CZK 23.6 billion in November 2024 from CZK 27.8 billion in the corresponding month of the previous year. and defying market expectations of CZK 18.7 billion. Year-on-year, imports increased by 5.8% to CZK 400.9 billion, mainly driven by higher purchases of crude materials, manufactured articles, and commodities not classified. Meanwhile, exports rose at a softer 4.4% to CZK 424.5 billion, primarily attributed to higher sales of beverages & tobacco and mineral fuels, lubricants. Considering the January to November 2024, the country’s trade surplus was recorded at CZK 219.5 billion, with exports rising 4.7% and imports by 2.3%.