According to the Czech Statistical Office, the Czech foreign trade balance ended with a surplus of 20 billion CZK in January, which is 12.9 billion CZK higher year-on-year. Most commodity groups experienced export growth, with motor vehicles playing a crucial role as their trade surplus increased by 6 billion CZK. The balance was also positively affected by a reduction in the trade deficit for computers, electronic, and optical instruments by 4.5 billion CZK and a rise in the surplus for machinery and equipment, which grew by 3.5 billion CZK. The Czech Statistical Office recorded an increase of more than 8 billion CZK in exports of computers, electronic, and optical instruments and devices, which were mainly exported to Germany, the Netherlands, and Slovakia.

On the other hand, the overall balance was negatively impacted by a decrease in the trade surplus of metal products by 3.6 billion CZK, a deepening trade deficit in essential metals by 1.2 billion CZK, and a reduction in the trade surplus for electrical equipment by 1.1 billion CZK. The trade surplus with EU countries decreased by 0.8 billion CZK year-on-year, while the trade deficit with non-EU countries narrowed by 14.9 billion CZK. Total exports increased by 12.2% year-on-year to 396.7 billion CZK, while imports grew by 8.7% to 376.7 billion CZK.

The growing Czech foreign trade surplus highlights a strong economy and rising import demand, creating opportunities for foreign businesses. With its central location, stable market, and expanding key sectors, the Czech Republic is an attractive destination for European exporters and investors seeking growth.

Source: Novinky.cz; csu.gov.cz

Prepared by the CzechTrade United Kingdom & Ireland Office