United States (USA) and Czechia (CZE) Trade

2022

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Exports $4.75BRnk 47 / 219

2022

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About

United States-Czechia Trade: In 2022, United States exported $4.75B to Czechia. The main products that United States exported to Czechia were Office Machine Parts ($422M), Crude Petroleum ($409M), and Gas Turbines ($313M). Over the past 5 years the exports of United States to Czechia have increased at an annualized rate of 10.2%, from $2.92B in 2017 to $4.75B in 2022.

In 2017, United States exported services to Czechia worth $1.16B, with Travel ($389M), Financial services ($219M), and Royalties and license fees ($180M) being the largest in terms of value.

Czechia-United States Trade: In 2022, Czechia exported $6.28B to United States. The main products that Czechia exported to United States were Rubber Tires ($285M), Broadcasting Equipment ($279M), and Office Machine Parts ($226M). Over the past 5 years the exports of Czechia to United States have increased at an annualized rate of 10.6%, from $3.79B in 2017 to $6.28B in 2022.

In 2019, Czechia exported services to United States worth $2.19B, with Computer and information services ($898M), Other business services ($358M), and Travel ($350M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Company data: In 2023, leading companies such as Continental Tire (1.3k), Robert Bosch (430), and Parker (288) were at the forefront of exporting goods from Czechia to the United States. Conversely, Unknown (939), Other (705), and Continental Barum S.r.o. (472) were notable for importing products to Czechia from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $323M and imported $700M from Czechia, resulting in a negative trade balance of $377M. Between August 2023 and August 2024 the exports of United States have decreased by $-210M (-39.4%) from $533M to $323M, while imports increased by $93.5M (15.4%) from $607M to $700M.

Trade In August 2024, the top exports of United States to Czechia were Integrated Circuits ($88.9M), Office Machine Parts ($27.7M), Computers ($26M), Gas Turbines ($14.8M), and Commodities not elsewhere specified ($13.7M). In August 2024 the top imports of United States from Czechia were Telephones ($46.3M), Rubber Tires ($33.9M), Motor vehicles; parts and accessories (8701... ($30.4M), Commodities not elsewhere specified ($30.3M), and Liquid Pumps ($26.6M).

Origins In August 2024 the exports of United States were mainly from Texas ($57.8M), California ($45.2M), Wisconsin ($20.9M), Pennsylvania ($19.9M), and Arizona ($16.2M), while imports destinations were mainly Texas ($104M), North Carolina ($65.4M), South Carolina ($60M), Pennsylvania ($41.7M), and California ($35.1M).

Growth In August 2024, the decrease in United States's year-by-year exports to Czechia was explained primarily by an decrease in product exports in Blank Audio Media ($-9.37M or -57.3%), Inorganic Salts ($-4.38M or -99.9%), and Sulfate Chemical Woodpulp ($-2.33M or -68.5%). In August 2024, the increase in United States's year-by-year imports from Czechia was explained primarily by an increase in product imports in Motor vehicles; parts and accessories (8701... ($13.3M or 77.5%), Rubber Tires ($9.79M or 40.7%), and Air Pumps ($8.28M or 113%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$-210M(-39.4%)

IMPORT GROWTH (August 2023 - August 2024)$93.5M(15.4%)

MAIN EXPORTER (August 2024)Texas$57.8M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Czechia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $4.75B to Czechia. The main products exported from United States to Czechia were Office Machine Parts ($422M), Crude Petroleum ($409M), and Gas Turbines ($313M). During the last 5 years the exports of United States to Czechia have increased at an annualized rate of 10.2%, from $2.92B in 2017 to $4.75B in 2022.

In 2017, Czechia exported $6.28B to United States. The main products exported from Czechia to United States were Rubber Tires ($285M), Broadcasting Equipment ($279M), and Office Machine Parts ($226M). During the last 5 years the exports of Czechia to United States have increased at an annualized rate of 10.6%, from $3.79B in 2022 to $6.28B in 2017.

Exports from United States () to Czechia () (2022)

Exports from Czechia () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Czechia
Top DestinationGermany$75.3B

This map shows whether countries import more from United States or Czechia. Each country is colored based on the difference in imports they receive from United States and Czechia or the difference in the growth in imports.

In 2022, countries that imported more from United States than Czechia included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Czechia than United States included Slovakia ($19.7B), Austria ($10.9B), and Hungary ($7.87B).

Difference in imports from Czechia () and United States () (2022)

Comparative Advantage United States - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Czechia by product, considering products traded by both, United States and Czechia.

During 2022, United States had a large net trade with Czechia in the exports of Machines ($2.08B), Mineral Products ($842M), and Chemical Products ($379M).

During 2017, Czechia had a large net trade with United States in the exports of Machines ($3.11B), Plastics and Rubbers ($541M), and Metals ($528M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Czechia+$228MPetroleum Gas

Top Product Potential Czechia United States+$519MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Cze Year

Usa Year

In 2017, United States exported services to Czechia worth $1.16B, with Travel ($389M), Financial services ($219M), and Royalties and license fees ($180M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Czechia () (2017)

Services Exports from Czechia () to United States () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Czechia. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Czechia. Similarly, a dot/product with the flag of Czechia indicates it has a comparative advantage over United States.

Product Space of United States () and Czechia () (2022)

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