Czechia2020 Economic Complexity : 1.57, Rank 8 of 127
2020 Product Exports | Imports: $190B | $165B, 27 of 226 | 27 of 226
2020 Per Capita Product Exports | Imports: $17.8k | $15.4k, 9 of 219 | 16 of 219
2019 Service Exports | Imports : $22.9B | $22B, 28 of 108 | 28 of 108
Overview In 2020, Czechia was the number 46 economy in the world in terms of GDP (current US$), the number 27 in total exports, the number 27 in total imports, the number 42 economy in terms of GDP per capita (current US$) and the number 8 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Czechia are Cars ($20.8B), Motor vehicles; parts and accessories (8701 to 8705) ($12.6B), Computers ($11.4B), Broadcasting Equipment ($10.2B), and Office Machine Parts ($4.79B), exporting mostly to Germany ($60.6B), Slovakia ($14.2B), Poland ($11.7B), France ($8.89B), and Austria ($7.71B).
In 2020, Czechia was the world's biggest exporter of Non-optical Microscopes ($576M), Spring, Air, and Gas Guns ($270M), and Motion-picture film, exposed and developed ($2.03M)
Imports The top imports of Czechia are Broadcasting Equipment ($10.2B), Motor vehicles; parts and accessories (8701 to 8705) ($8.64B), Office Machine Parts ($7.97B), Computers ($5.12B), and Packaged Medicaments ($4.2B), importing mostly from Germany ($42.2B), China ($24.3B), Poland ($15.1B), Slovakia ($8.74B), and Netherlands ($7.41B).
Location Czechia borders Austria, Germany, Poland, and Slovakia by land.
The following section uses the most recent trade data from partners of Czechia.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
In 2020, Czechia exported a total of $190B, making it the number 27 exporter in the world. During the last five reported years the exports of Czechia have changed by $34.2B from $156B in 2015 to $190B in 2020.
The most recent exports are led by Cars ($20.8B), Motor vehicles; parts and accessories (8701 to 8705) ($12.6B), Computers ($11.4B), Broadcasting Equipment ($10.2B), and Office Machine Parts ($4.79B). The most common destination for the exports of Czechia are Germany ($60.6B), Slovakia ($14.2B), Poland ($11.7B), France ($8.89B), and Austria ($7.71B).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Czechia Exports Services (2019): $22.9B
Czechia Imports Services (2019): $22B
In 2019, Czechia exported $22.9B worth of services. The top services exported by Czechia in 2019 were Other transport ($5.71B), Personal travel ($5.62B), Miscellaneous business, professional, and technical services ($5.35B), Business travel ($1.68B), and Air transport ($1.14B).
The top services imported by Czechia in 2019 were Miscellaneous business, professional, and technical services ($5.38B), Personal travel ($4.83B), Other transport ($4.79B), Other royalties and license fees ($1.07B), and Business travel ($1.06B).
Czechia has a high level of specialization in Spring, Air, and Gas Guns (26.5), Non-optical Microscopes (18.2), Detonating Fuses (9.77), Prepared Wool or Animal Hair (9.67), and Handguns (8.6). Specialization is measured using RCA, an index that takes the ratio between Czechia observed and expected exports in each product.
The highest complexity exports of Czechia according to the product complexity index (PCI) are Machine-tools; for planing, shaping, slotting, broaching, gear cutting and grinding, finishing, sawing, cutting off and other tools working by removing metal, sintered metal carbides or cermets n.e.c. (2.09), Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter (1.95), Microscopes (excluding optical microscopes); diffraction apparatus (1.86), Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, excluding products of Chapter 37 (1.85), and Drawing, marking-out, mathematical calculating instruments (drafting machines, protractors, drawing sets etc); instruments for measuring length (e.g. measuring rods, tapes, micrometers, callipers) n.e.c. (1.84). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Czechia according to the relatedness index, are Other Heating Machinery (0.39), Liquid Fuel Furnaces (0.38), Other Wood Articles (0.37), Wood Stakes (0.37), and Pulley Systems (0.37). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Czechia is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years Czechia's economy has become relatively more complex, moving from the 17th to the 8th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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