Czech trade surplus narrowed to CZK 16.30 billion in December 2019 from CZK 17.88 billion in the same month of the previous year. Exports rose 0.8 percent boosted by sales of chemicals (7.5 percent), manufactured articles (2.3 percent), machinery and transport equipment (0.9 percent), and food (6.5 percent). Among key trade partners, exports increased mostly to the UK (5.2 percent), Russia (10 percent) and the US (7.3 percent), but fell to Germany (-2.1 percent), Slovakia (-2.2 percent), Poland (-0.8 percent) and France (-3.5 percent). Meanwhile, imports increased at a faster 1.4 percent due to purchases of machinery and transport equipment (2.8 percent), chemicals (3.5 percent), manufactured articles (3.3 percent). Imports were up from China (3.1 percent), Poland (4.4 percent), Germany (0.3 percent), the Netherlands (14.2 percent), France (0.4 percent) and the US (33.1 percent), but dropped from Slovakia (-14.7 percent) and Russia (-8.2 percent).

Balance of Trade in Czech Republic averaged 8656.01 CZK Million from 1991 until 2019, reaching an all time high of 57346 CZK Million in September of 2019 and a record low of -39868 CZK Million in December of 1992. This page provides the latest reported value for - Czech Republic Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Balance of Trade in Czech Republic is expected to be 54000.00 CZK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Czech Republic to stand at 7000.00 in 12 months time. In the long-term, the Czech Republic Balance of Trade is projected to trend around 11000.00 CZK Million in 2021, according to our econometric models.


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Czech Republic Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
16296.00 49297.00 57346.00 -39868.00 1991 - 2019 CZK Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-06 08:00 AM Sep CZK55.2B CZK31.4B CZK 40B
2019-12-09 08:00 AM Oct CZK41.7B CZK55.5B CZK 38B
2020-01-09 08:00 AM Nov CZK49B CZK40.8B CZK 35B
2020-02-06 08:00 AM Dec CZK16.3B CZK49.3B CZK 10B
2020-03-09 08:00 AM Jan CZK16.3B
2020-04-06 07:00 AM Feb
2020-05-07 07:00 AM Mar CZK 54B
2020-06-08 07:00 AM Apr


News Stream
Czech Trade Surplus Narrows in December
Czech trade surplus narrowed to CZK 16.30 billion in December 2019 from CZK 17.88 billion in the same month of the previous year. Exports rose 0.8 percent boosted by sales of chemicals (7.5 percent), manufactured articles (2.3 percent), machinery and transport equipment (0.9 percent), and food (6.5 percent). Among key trade partners, exports increased mostly to the UK (5.2 percent), Russia (10 percent) and the US (7.3 percent), but fell to Germany (-2.1 percent), Slovakia (-2.2 percent), Poland (-0.8 percent) and France (-3.5 percent). Meanwhile, imports increased at a faster 1.4 percent due to purchases of machinery and transport equipment (2.8 percent), chemicals (3.5 percent), manufactured articles (3.3 percent). Imports were up from China (3.1 percent), Poland (4.4 percent), Germany (0.3 percent), the Netherlands (14.2 percent), France (0.4 percent) and the US (33.1 percent), but dropped from Slovakia (-14.7 percent) and Russia (-8.2 percent).
2020-02-06
Czech Trade Surplus Widens in November
The Czech trade surplus widened to CZK 49 billion in November of 2019 from CZK 47 billion in the corresponding month of the previous year, as exports declined 5.3 percent from a year earlier to CZK 409.4 billion while imports dropped at a faster 6.4 percent to CZK 360.4 billion.
2020-01-09
Czech Trade Surplus Widen in October
The Czech trade surplus widened to CZK 41.7 billion in October 2019 from CZK 33.9 billion in the corresponding month of the previous year, as imports declined 5 percent from a year earlier to CZK 380.5 billion while exports fell at a softer 2.9 percent to CZK 422.2 billion.
2019-12-09
Czech Trade Surplus Widens Sharply in September
The Czech trade surplus rose to CZK 55.2 billion in September 2019 from CZK 37.5 billion in the corresponding month of the previous year, as exports jumped 9.1 percent from a year earlier to CZK 404.8 billion while imports went up at a softer 4.8 percent to CZK 349.6 bllion.
2019-11-06

Czech Republic Balance of Trade
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.