Czech trade surplus rose to CZK 36.9 billion in October of 2018 from CZK 33.86 billion in the same month of the previous year. Exports jumped 10.2 percent from a year earlier to CZK 429.1 billion, mainly driven by higher sales of machinery and transport equipment (+13.5 percent); manufactured goods by material (+7.6 percent) and chemicals and related products (+11.3 percent); while exports of manufactured articles decreased 0.3 percent. Imports advanced at a faster 10.4 percent to CZK 392.7 billion, mostly due to higher purchases of machinery and transport equipment (+13.2 percent); manufactured goods by material (+5.7 percent) and manufactured articles (+2 percent). Balance of Trade in Czech Republic averaged 7367.56 CZK Million from 1991 until 2018, reaching an all time high of 52259 CZK Million in April of 2016 and a record low of -39868 CZK Million in December of 1992.
Balance of Trade in Czech Republic is expected to be 16000.00 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 26423.00 in 12 months time. In the long-term, the Czech Republic Balance of Trade is projected to trend around 25000.00 CZK Million in 2020, according to our econometric models.