The Czech Republic reported a CZK 7.2 billion trade deficit in July of 2021, compared to a CSK 14.1 surplus in July of 2020, mainly due to wider deficit of crude petroleum & natural gas, basic metals, and chemicals & chemical products. At the same time, both the trade surplus of motor vehicles, trailers & semi trailers, and electrical equipment shrank. Exports were up 4.3 percent to CZK 299.8 billion, while imports rose a faster 12.3 percent to CZK 301.7 billion. source: Czech Statistical Office

Balance of Trade in Czech Republic averaged 6234.37 CZK Million from 2005 until 2021, reaching an all time high of 34037 CZK Million in September of 2020 and a record low of -24297 CZK Million in April of 2020. 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 September of 2021.

Balance of Trade in Czech Republic is expected to be 30000.00 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 5500.00 CZK Million in 2022 and 9000.00 CZK Million in 2023, according to our econometric models.

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Czech Republic Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-7200.00 -6082.00 34037.00 -24297.00 2005 - 2021 CZK Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-06-07 07:00 AM Apr CZK19.3B CZK17.6B CZK15.4B CZK15.1B
2021-07-07 07:00 AM May CZK6.3B CZK20.9B CZK25.1B CZK24.0B
2021-08-06 07:00 AM Jun CZK-6.9B CZK4.5B CZK19.8B CZK 37B
2021-09-06 07:00 AM Jul CZK-7.2B CZK-6.1B CZK-3.8B CZK-3B
2021-10-07 07:00 AM Aug CZK-7.2B
2021-11-08 08:00 AM Sep CZK 30B
2021-12-07 08:00 AM Oct

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.