Foreign trade had CZK 9.5bn surplus; thanks to car exports

Published: 22.03.2023 Related countries:  Korea (south) Korea (south)

Strong car exports powering Czech economy following 11 months of trade deficits

The balance of foreign trade in goods ended in January 2023 with a surplus of CZK 9.5bn at current prices, which was CZK 2.1bn higher y/y. This is based on preliminary data from the Czech Statistical Office. The result was positively influenced mainly by a higher surplus on trade in motor vehicles by CZK 6.0bn. The balance of foreign trade with EU countries improved by CZK 19.8bn, while the trade deficit with non-EU countries widened by CZK 17.5bn.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul