Czech Republic’s Economy: GDP + Top 5 Exports & Imports

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Economy of the Czech Republic – 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 to $199.7 billion, with a positive trade balance of $23.5 billion.

Czechia's Top 5 Commodity Exports

The Czech Republic's major commodity exports are:

  1. Iron & Steel – $420 million
  2. Oil and Mineral Fuels – $266 million
  3. Wood – $202 million
  4. Aluminium – $183 million
  5. Wool – $52 million

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 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, they underwent +1.67% GDP per capita growth, ranking as the 140th country globally for GDP PC growth.

Top 5 Commodity Imports

The top commodity imports are:

  1. Oil and mineral fuels – $731 million
  2. Iron & Steel – $662 million
  3. Aluminium – $244 million
  4. Copper – $141 million
  5. 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

More Information on 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 their 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:

  1. Germany – 31.8%
  2. Slovakia – 7.13%
  3. Poland – 5.92%
  4. France – 5.08%
  5. United Kingdom – 4.6%

The top countries of origin for Czech imports are:

  1. Germany – 27.4%
  2. China – 10.6%
  3. Poland – 8.94%
  4. Slovakia – 5.89%
  5. Italy – 4.24%

Sources & Further Reading

The figures data used in this article are based on:

  • 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:

We also have pages where we discuss Steel and Iron Ore as commodities.

Neighboring Economic Profiles

If you found Czechia's economic profile insightful, you may find it useful to see how their neighbours performed.

Here are some additional economic overviews compiled by our experts:

All currency is reported in US dollars.

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