The country’s export sector demonstrated robust growth, increasing by 4.9 percent to 4.66 trillion crowns, while imports grew at a more modest pace of 2.7 percent, totaling 4.43 trillion crowns. This disparity between export and import growth rates contributed significantly to the record-breaking surplus.

December 2024 concluded the year on a positive note, with a trade surplus of 6.8 billion crowns, exceeding the previous year’s figure by 2.2 billion crowns. The improvement was primarily driven by a reduced deficit in oil and natural gas trade, along with increased surpluses in the machinery and electricity sectors.

Notably, the export of computers and electronic equipment saw a substantial increase of 7.4 billion crowns in December alone. However, the same sector also experienced increased imports, reflecting the dynamic nature of the Czech Republic’s technology trade.

Despite these achievements, some sectors faced challenges. The metalworking industry saw a significant shift from surplus to deficit, while trade deficits deepened in the computer, electronic and optical devices, and basic metals sectors, highlighting areas for potential future improvement.

Source: CzechDaily

Prepared by the team of foreign offices CzechTrade Osaka and Tokyo