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.