Click here to read Rabobank's economic vision for this country. The information and publications in this tab are prepared and made available by third parties and are only available in English. No rights can be derived. Rabobank is not responsible or liable for the information and publications. Click here for the full disclaimer.

Trade Profile

In this page: Foreign Trade in Figures | Trade Compliance | Standards

 

Foreign Trade in Figures

The Czech Republic’s economy is very open to the outside world. According to the World Bank, trade accounts for 160% of GDP in 2015. Becoming a member of the EU has allowed the Czech Republic to enter the Common Market and solidify its position as a low-cost production base. The country now accounts for 80% of its trade with OECD countries (80% of which with the EU) and its most important trading partners are Germany, Slovakia, Poland and the United Kingdom. A number of agreements facilitate trade with neighbouring countries (CEFTA).

The country has had a structurally positive trade balance since entering the EU, a trend that is expected to continue. Exports benefit from the good performance of the German economy, which accounts for one-third of the country's trade. In 2015, the trade surplus strengthened to 4.7% of GDP. The automotive sector plays a leading role in the trade surplus. Exports benefited from a devaluation of the national currency begun in 2013, while imports benefited from lower raw material costs.

 
Foreign Trade Indicators 20112012201320142015
Imports of Goods (million USD) 152,125141,412144,259154,375140,479
Exports of Goods (million USD) 162,939157,041162,274175,095158,164
Imports of Services (million USD) 20,06520,28820,85722,45619,767
Exports of Services (million USD) 24,67624,31424,57825,20222,838
Imports of Goods and Services (Annual % Change) 6.72.70.110.18.2
Exports of Goods and Services (Annual % Change) 9.24.30.28.77.7
Imports of Goods and Services (in % of GDP) 67.571.471.176.276.8
Exports of Goods and Services (in % of GDP) 71.376.276.982.583.0
Trade Balance (million USD) 4,2776,3398,52710,7018,565
Foreign Trade (in % of GDP) 138.8147.5148.0158.7159.8

Source: World Trade Organisation (WTO) - 2016; World Bank - 2016

 

Main Partner Countries

Main Customers
(% of Exports)
2016
Germany 32.5%
Slovakia 8.4%
Poland 5.7%
United Kingdom 5.2%
France 5.2%
Austria 4.2%
Italy 4.2%
Hungary 2.9%
Netherlands 2.9%
Spain 2.8%
Main Suppliers
(% of Imports)
2016
Germany 26.7%
China 12.7%
Poland 8.3%
Slovakia 5.1%
Italy 4.3%
France 3.2%
Austria 2.9%
United Kingdom 2.7%
Netherlands 2.7%
South Korea 2.5%

Source: Comtrade, 2015

 

Main Products

161.3 bn USD of products exported in 2016
Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 11.6%
Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 8.4%
Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s. 5.4%
Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras 1.8%
Seats, whether or not convertible into beds, and parts thereof, n.e.s. (excl. medical, surgical, dental or veterinary of heading 9402) 1.7%
Insulated incl. enamelled or anodised wire, cable incl. coaxial cable and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made-up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors 1.6%
Toys (excl. wheeled toys designed to be ridden by children, dolls' carriages and dolls representing only human beings); reduced-size scale recreational models, working or not; puzzles of all kinds 1.6%
Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits, e.g., switches, relays, fuses, surge suppressors, plugs, sockets, lamp-holders and junction boxes, for a voltage <= 1.000 v (excl. control desks, cabinets, panels etc. of heading 8537) 1.4%
Electrical lighting or signalling equipment (excl. lamps of heading 8539), windscreen wipers, defrosters and demisters, of a kind used for cycles or motor vehicles; parts thereof 1.4%
Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof 1.4%
140.3 bn USD of products imported in 2016
Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 6.4%
Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s. 4.6%
Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 2.7%
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses incl. those in the form of transdermal administration or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.4%
Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras 2.2%
Electronic integrated circuits and microassemblies 1.7%
Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of heading 8469 to 8472, n.e.s. 1.6%
Insulated incl. enamelled or anodised wire, cable incl. coaxial cable and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made-up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors 1.6%
Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof 1.4%
Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 1.4%

Source: Comtrade, 2015

 
 
 

Main Services

45.4 bn USD of services exported in 2014
Travel
30.13%
Transportation
24.64%
Other business services
24.21%
Computer and information services
10.46%
Construction services
3.28%
Communications services
2.68%
Royalties and license fees
2.14%
Insurance services
1.28%
Cultural and recreational services
0.88%
Financial services
0.19%
Government services
0.10%
42.2 bn USD of services imported in 2014
Other business services
26.11%
Travel
24.39%
Transportation
23.10%
Computer and information services
6.94%
Royalties and license fees
5.71%
Insurance services
4.25%
Communications services
3.68%
Financial services
2.57%
Construction services
2.24%
Cultural and recreational services
0.68%
Government services
0.33%

Source: United Nations Statistics Division, Last Available Data

 

Exchange Rate System

Local Currency
Czech Crown (CZK)
Exchange Rate Regime
Free conversion of the currency has been established by the Foreign Exchange Act in 1995.
Managed floating with no pre-determined path for the exchange rate.
Level of Currency Instability
Low
 
 
Monetary Indicators 20112012201320142015
Czech Crown (CZK) - Average Annual Exchange Rate For 1 USD 17.7019.5819.5720.7624.60

Source: World Bank - 2016.

 
 

Trade Compliance

International Conventions
Member of World Trade Organisation
Member of OECD
Party to the Kyoto Protocol
Party to the Washington Convention on International Trade in Endangered Species of Wild Fauna and Flora
Party to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal
Party to the Montreal Protocol on Substances That Deplete the Ozone Layer
Party to the Wassenaar Arrangement on Export Controls For Conventional Arms and Dual-Use Goods and Technologies
Party of the International Coffee Agreement 2007
Main International Economic Cooperation
European Union
International Trade Centre (ITC)

Czech Republic is also a signatory to multilateral and bilateral agreements with many countries. Click here to find more information.

Party of the ATA Convention on Temporary Admissions and Use of the Carnets
Yes

As a Reminder, the ATA is a System Allowing the Free Movement of Goods Across Frontiers and Their Temporary Admission Into a Customs Territory With Relief From Duties and Taxes. The Goods Are Covered By a Single Document Known as the ATA Carnet That is Secured By an International Guarantee System.
Look Up the Other Member Countries And Read the Web Pages of the World Customs Organization Devoted to the ATA Carnet.
Party of the TIR Convention
Yes

As a Reminder, the TIR Convention and its Transit Regime Contribute to the Facilitation of International Transport, Especially International Road Transport, Not Only in Europe and the Middle East, But Also in Other Parts of the World, Such as Africa and Latin America.
The UNCTAD Website Allows You to Read the TIR Convention, See the List of Member Countries And to Find Further Information.
Accompanying Documents For Imports

1. The entry of commodities from EU countries is liberate from the custom formalities. Following documents are required:

  • Commercial Invoice - in 2 originals, with the VAT number
  • Delivery note - not obligatory
  • Sanitary Certificates
  • Pharmaceutical Certificates

2. For non EUs countries following documents are required:

  • A commercial invoice
  • A bill of lading
  • A shipper's export declaration for items requiring an export license or valued above USD2,500)
  • Declaration of conformity (issued by importer)
Free Zones
None
For Further Information
The Customs Adminstration of The Czech Republic
Ministry of Industry and Trade
Non Tariff Barriers
In accordance with its European Union membership, the Czech Republic applies the European Union trade policy as well as the European Union import rules.

While the EU has a rather liberal foreign trade policy, some products need import licences. Following the implementation of the CAP (Common Agricultural Policy), the application of compensations on import and export of farm products imposes a certain number of control and regulation systems for goods entering the EU territory.

When being introduced into the Czech market, some products must be 'CE' marked in respect to the European Directives adopted on the basis of the New Approach and the Global Approach. For further information, please consult the Guide to the Implementation of Directives based on New Approach and Global Approach.
Sectors or Products For Which Commercial Disagreements Have Been Registered With the WTO
Agricultural products, wheat, pig meal, steel
Assessment of Commercial Policy
Country's commercial policy, as seen by the WTO
Barriers to exchanges, inventoried by the United States

Learn more about How to Export to the Czech Republic on Globaltrade.net, the Directory for International Trade Service Providers.

 

Standards

National Standards Organisations
Czech Office for Standards, Metrology and Testing (UNMZ)
Integration in the International Standards Network
The Czech Republic has harmonised its standards with European Standards. The Czech Republic is a member of:
- ISO  - International Standard Organisation
- IEC – International Electrotechnical Commission
- ITU – International Telecommunication Union
- CEN  - European Committee for Standardisation
- CENELEC - European Committee for Electrotechnical Standardisation
- ETSI – European Telecommunications Standards Institute
Obligation to Use Standards
The technical standards proposed by CNI are qualified recommendations, not orders. Their use is voluntary. The application is defined in a wide variety of legislative texts.
Classification of Standards
Original Czech standards (10% of the overall annual production of technical standards), which can only be use in areas where European or international standards do not exist, are designated by : CSN + 2 numbers of the class + 2 numbers showing the rank under the class + 2 numbers showing only the sort order (CSN 73 4301)

European or international standards (90% of overall annual development of technical standards) are designated like that CSN EN 115, CSN ISO 1735 , CSN EN ISO 9001, CSN IEC 61713, CSN ETS 300 976
 
For more info see website of Czech Office for Standards, Metrology and Testing.

Assessment of the System of Standardization
Nowadays the respect of standards becomes to be well considerate by the consumer. It can improve the acceptance of the product by consumers. ISO 9000 standards are being used increasingly in the Czech Republic as evidence of high product quality.
Online Consultation of Standards
Czech Standards Institute
Certification Organisations
Czech and Slovak Testing Board
Institute for Testing and Certification
Czech Accreditation Institute
Associations of Standards Users
SVB
SVC
CBS
SPS

 

© Export Entreprises SA, All Rights Reserved.
Last Updates: June 2017