Czech Republic recorded a trade deficit of CZK 28.4 billion in April of 2022, compared to a surplus of CZK 19.6 billion a year ago, mainly driven by a larger trade surplus in 'electricity', which rose by CZK 1.7 billion. source: Czech Statistical Office

Balance of Trade in Czech Republic averaged 5376.22 CZK Million from 2005 until 2022, reaching an all time high of 33927 CZK Million in June of 2020 and a record low of -28400 CZK Million in April of 2022. 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. Czech Republic Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Czech Republic is expected to be 28000.00 CZK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Balance of Trade is projected to trend around 11500.00 CZK Million in 2023 and 9000.00 CZK Million in 2024, according to our econometric models.

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Czech Republic Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-09 07:00 AM Mar CZK-13.8B CZK-4.4B CZK-5.5B CZK -6.2B
2022-06-06 07:00 AM Apr CZK-28.4B CZK-13.8B CZK-15B CZK-14.2B
2022-07-07 07:00 AM May


Related Last Previous Unit Reference
Balance of Trade -28400.00 -13791.00 CZK Million Apr 2022
Current Account to GDP 3.60 0.30 percent of GDP Dec 2020
Imports 370265.00 401987.00 CZK Million Apr 2022
Exports 341836.00 389910.00 CZK Million Apr 2022
Terms of Trade 98.50 98.00 points Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-28400.00 -13791.00 33927.00 -28400.00 2005 - 2022 CZK Million Monthly
NSA

News Stream
Czech Trade Balance Swings to Deficit
The Czech Republic posted a CZK 13.8 billion deficit in April of 2022, compared with a CZK 16.8 billion surplus in the same month last year and market expectations of CZK 5.5 billion deficit. The trade balance was negatively impacted by a rising trade deficit in crude petroleum and natural gas', which rose by CZK 15.9 billion due to the impact of rising prices in world markets and basic metals, which widened by CZK 7.1 billion. Imports surged 12.7 percent on year to CZK 401.9 billion while exports grew at a softer 3.9 percent to CZK 388.1 billion.
2022-05-09
Czech Trade Balance Swings to Deficit
The Czech Republic posted a CZK 18.2 billion deficit in October 2021, compared with a CZK 31.11 billion surplus in the same month last year and market expectations of CZK 14.5 billion. Imports rose 6.9 percent due to purchases of crude petroleum and natural gas amid a global rise in energy prices, while exports dropped 7.5 percent on the back of a decline in sales of motor vehicles, trailers and semitrailers.
2021-12-07
Czech Republic Posts First Trade Gap in 13 Months
The Czech Republic posted a CZK 6.9 billion trade deficit in June 2021, the first gap since May 2020, amid the continued recovery in global demand from the pandemic hit. Exports were up 13.2 percent, boosted by sales of machinery and transport equipment (5.8 percent), manufactured goods (24.6 percent), and chemicals and related materials (27.6 percent). Meanwhile, imports jumped 30.1 percent, on the back of purchases of mineral fuels and lubricants (107.6 percent), machinery and transport equipment (22.0 percent), manufactured goods (40.2 percent), and chemicals and related materials (32.5 percent).
2021-08-06