The Czech Republic posted a CZK 25.5 billion deficit in November of 2022, compared with a CZK 3.8 billion surplus in the same month a year earlier, and higher than the market expectations of CZK 12 billion deficit. Imports rose by 18.75 percent on year to CZK 447.09 billion, boosted by purchases of oil and natural gas amid higher prices in world markets and higher imported quantities. On the other hand, exports went up at a softer 10.82 percent to CZK 421.56, mainly due to higher sales in motor vehicles. source: Czech Statistical Office

Balance of Trade in Czech Republic averaged 4446.41 CZK Million from 2005 until 2022, reaching an all time high of 33927.00 CZK Million in June of 2020 and a record low of -29625.00 CZK Million in August 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 January of 2023.

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Czech Republic Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 08:00 AM Oct CZK-26.8B CZK-13.9B CZK-13.3B CZK-16B
2023-01-06 08:00 AM Nov CZK-25.5B CZK-26.8B CZK-12B CZK-18B
2023-02-06 08:00 AM Dec CZK-25.5B CZK 5.5B


Related Last Previous Unit Reference
Balance of Trade -25500.00 -25137.00 CZK Million Nov 2022
Current Account to GDP -0.80 2.00 percent of GDP Dec 2021
Imports 447087.00 417607.00 CZK Million Nov 2022
Exports 421564.00 392137.00 CZK Million Nov 2022
Terms of Trade 99.80 98.60 points Nov 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
-25500.00 -25137.00 33927.00 -29625.00 2005 - 2022 CZK Million Monthly
NSA

News Stream
Czech Trade Balance Swings to Deficit
The Czech Republic posted a CZK 25.5 billion deficit in November of 2022, compared with a CZK 3.8 billion surplus in the same month a year earlier, and higher than the market expectations of CZK 12 billion deficit. Imports rose by 18.75 percent on year to CZK 447.09 billion, boosted by purchases of oil and natural gas amid higher prices in world markets and higher imported quantities. On the other hand, exports went up at a softer 10.82 percent to CZK 421.56, mainly due to higher sales in motor vehicles.
2023-01-06
Czech Trade Deficit Narrows in September
The Czech Republic posted a trade deficit of CZK 13.9 billion in September 2022, narrowing from CZK 16.5 billion deficit in the same period last year, but well above market expectations of a CZK 12.6 billion gap. Exports rose by 25.8% to CZK 409.9 billion, mainly influenced by the large sales in motor vehicles, trailers and semi-trailers (53.9%), and electricity (122.3%). Meanwhile, imports rose by 23.8% to CZK 423.7 billion, prompted by the purchases in crude petroleum and natural gas (58.3%) amid rising energy prices.
2022-11-07
Czech Trade Deficit Widens in July
The Czech trade deficit widened to CZK 22.8 billion in July of 2022, from CZK 10.4 billion in the corresponding month of the previous year. Exports rose 10.2% from a year ago to CZK 333.4 billion, mainly prompted by sales of motor vehicles, trailers and semitrailers (106%). Meantime, imports jumped at a faster 13.8% to CZK 356.3 billion, mainly influenced by an increase in crude petroleum and natural gas purchases (297.6%), electrical equipment (117.5%), and basic metals (108.5%).
2022-09-06