Czech Republic recorded a trade surplus of 17718 CZK Million in December of 2020, compared to a CZK 8.2 billion deficit a year earlier. Considering full 2020, the trade surplus amounted to CZK 190 billion, which represented an increase of CZK 44.3 billion from 2019. source: Czech Statistical Office

Balance of Trade in Czech Republic averaged 6109.43 CZK Million from 2005 until 2020, reaching an all time high of 35124 CZK Million in September of 2020 and a record low of -24295 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 February of 2021.

Balance of Trade in Czech Republic is expected to be 7000.00 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 11000.00 in 12 months time. In the long-term, the Czech Republic Balance of Trade is projected to trend around 11000.00 CZK Million in 2022 and 37000.00 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
17718.00 33133.00 35124.00 -24295.00 2005 - 2020 CZK Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-11-06 08:00 AM Sep CZK 68.3K CZK30.9B CZK 42B
2020-12-08 08:00 AM Oct CZK 33.4B CZK35.4B
2021-01-06 08:00 AM Nov CZK32.2B CZK32.2B CZK29.4B
2021-02-08 08:00 AM Dec CZK17.7B CZK33.1B CZK9B CZK12B
2021-03-09 08:00 AM Jan CZK17.7B
2021-04-08 07:00 AM Feb
2021-05-07 07:00 AM Mar
2021-06-07 07:00 AM Apr

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.