The Association of Exporters predicts a 6% rise in Czech exports this year, reaching a record $251.4 billion, compared to $237.4 billion in 2023. The weak koruna, which has depreciated by about 5% against the euro, has significantly bolstered export figures in local currency terms, although growth in euro terms is only 1.9%. Automotive exports have been a key driver, growing nearly 30% to $24.87 billion in the first nine months of 2024. Despite these achievements, export growth is expected to decline next year due to looming EU emissions penalties targeting automakers and the potential for U.S. protectionist policies under the incoming administration.

Czech trade is forecast to record a surplus of $29.3 billion this year, up from $22.0 billion in 2023. However, trade performance with key markets such as Germany and Slovakia has stagnated or declined. German exports, comprising a third of Czech exports, showed no growth in euro terms, while exports to Slovakia fell by 2%. The automotive sector's future growth faces risks, particularly from EU penalties starting in 2025 for insufficient EV sales, which could cascade to suppliers and dampen overall exports. Geopolitical uncertainties, including conflicts in Ukraine and the Middle East, also pose challenges.