In this guide, we give you an overview of the Czech economy, including the country’s primary imports and exports.
Contents
Czech Republic Economy Overview
Czechia, also called the Czech Republic, exports products and services worth $223.1 billion according to the most recent data, making this NATO country the:
- 27th largest product export economy
- 36th largest service export economy
In the same year, imports totaled $199.7 billion, with a positive trade balance of $23.5 billion.
Czechia’s Top Exports
Here is a breakdown of the most important products exported by Czechia, both commodities and other notable exports.
Commodity Exports
- Iron & steel – $420 million
- Oil and mineral fuels – $266 million
- Wood – $202 million
- Aluminium – $183 million
- Wool – $52 million
If you’re interested in trading some of these commodities, you can jump to our list of recommended regulated brokers in at the end of the page.
Other Notable Exports
- Cars – $22.7 billion
- Vehicle parts – $15.6 billion
- Computers – $10.8 billion
- Broadcasting equipment – $8.66 billion
- Office machine parts – $4.18 billion
Czechia’s Top Imports
Here is a breakdown of the most important products imported by Czechia, both commodities and other notable imports.
Commodity Imports
- Oil and mineral fuels – $731 million
- Iron & steel – $662 million
- Aluminium – $244 million
- Copper – $141 million
- Wood – $94 million
Other Notable Imports
- Vehicle parts – $10.2 billion
- Broadcasting equipment – $8.66 billion
- Office machine parts – $4.18 billion
- Cars – $4.61 billion
- Computers – $4.47 billion
Czechia’s GDP
The Czech Republic is ranked 44th in the world with a GDP of $245 billion. The country experienced a GDP growth of 4.03% between 2008 and 2018.
Czechia’s total GDP of $245 billion equates to $23,079 per capita.
Between 2008 and 2018, the country underwent +1.67% GDP per capita growth, ranking as the 140th country globally for GDP PC growth.
Details on Czechia’s Exports/Imports
Here is some additional information on CZE’s exports and imports that you may find useful.
Export & Import Distribution by Product Categories
The largest export product category of Czechia is the machines sector, responsible for a total of $75.9 billion of its total export volume. The other top categories are:
- Transportation – $42.4 billion
- Metals – $17.9 billion
- Plastics & rubbers – $11.2 billion
- Miscellaneous (eg, sports equipment, furniture, stuffed animals) – $9.58 billion
- Chemical produce – $8.79 billion
Export & Import Distribution by Destination Country & Origin
The top destination countries for Czech exports are:
- Germany – 31.8%
- Slovakia – 7.13%
- Poland – 5.92%
- France – 5.08%
- United Kingdom – 4.6%
The top countries of origin for Czech imports are:
Interested in Trading Commodities?
Interested in trading iron ore, steel, oil, and other important Czech commodities? Start your research with reviews of these regulated brokers available in .
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Sources & Further Reading
- Global Edge: Czechia’s 2018 Trade Statistics
- OEC: Czechia’s 2018 Economic Overview
In-Depth Commodity Resources
If you’d like to find out more about the top Czech commodities, see these commodity pages:
- Trading oil – Czechia’s #2 exported and #1 imported commodity
- Trading aluminum – One of Czechia’s top metal imports and exports
- Trading wool – Czechia’s #5 commodity export
We also have pages where we discuss steel and iron ore as commodities.
Neighboring Economic Profiles
Here are some additional economic overviews compiled by our experts:
- Germany’s trade – also their #1 export/import partner
- Poland’s trade – also their #3 export/import partner
- Austria’s trade – also their #6 export and #7 import partner
- Slovakia debt clock – also their #2 export and #4 import partner
All currency is reported in US dollars.
