Czechia2019 Economic Complexity : 1.67, Rank 7 of 146
2019 Product Exports | Imports: $198B | $174B, 27 of 225 | 29 of 225
2019 Per Capita Product Exports | Imports: $18.6k | $16.3k, 14 of 219 | 17 of 219
2018 Service Exports | Imports : $31.8B | $29.2B, 34 of 125 | 35 of 125
Overview In 2019 Czechia was the number 45 economy in the world in terms of GDP (current US$), the number 27 in total exports, the number 29 in total imports, the number 41 economy in terms of GDP per capita (current US$) and the number 7 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Czechia are Cars ($22.5B), Vehicle Parts ($15.1B), Computers ($10.7B), Broadcasting Equipment ($9.68B), and Office Machine Parts ($4.57B), exporting mostly to Germany ($61.9B), Slovakia ($14.7B), Poland ($11.7B), France ($10.1B), and United Kingdom ($8.83B).
In 2019, Czechia was the world's biggest exporter of Spring, Air, and Gas Guns ($250M) and Motion-picture film, exposed and developed ($1.91M)
Imports The top imports of Czechia are Broadcasting Equipment ($10.1B), Vehicle Parts ($9.95B), Office Machine Parts ($5.72B), Computers ($4.8B), and Cars ($4.66B), importing mostly from Germany ($47.5B), China ($20.4B), Poland ($15.4B), Slovakia ($9.47B), and Italy ($7.35B).
Location Czechia borders Austria, Germany, Poland, and Slovakia by land.
In 2019, Czechia exported a total of $198B, making it the number 27 exporter in the world. During the last five reported years the exports of Czechia have changed by $24.1B from $174B in 2014 to $198B in 2019.
The most recent exports are led by Cars ($22.5B), Vehicle Parts ($15.1B), Computers ($10.7B), Broadcasting Equipment ($9.68B), and Office Machine Parts ($4.57B). The most common destination for the exports of Czechia are Germany ($61.9B), Slovakia ($14.7B), Poland ($11.7B), France ($10.1B), and United Kingdom ($8.83B).
Top Import (2019): Broadcasting Equipment, $10.1B
Top Origin (2019): Germany, $47.5B
In 2019 Czechia imported $174B, making it the number 29 trade destination in the world. During the last five reported years the imports of Czechia changed by $23.5B from $151B in 2014 to $174B in 2019.
The most recent imports of Czechia are led by Broadcasting Equipment ($10.1B), Vehicle Parts ($9.95B), Office Machine Parts ($5.72B), Computers ($4.8B), and Cars ($4.66B). The most common import partners for Czechia are Germany ($47.5B), China ($20.4B), Poland ($15.4B), Slovakia ($9.47B), and Italy ($7.35B).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
Czechia Exports Services (2018): $31.8B
Czechia Imports Services (2018): $29.2B
In 2018, Czechia exported $31.8B worth of services. The top services exported by Czechia in 2018 were Transportation ($10.5B), Other business services ($8.52B), Personal travel ($8B), Business travel ($2.39B), and Royalties and license fees ($695M).
The top services imported by Czechia in 2018 were Other business services ($8.86B), Transportation ($8.24B), Personal travel ($6.83B), Royalties and license fees ($2.08B), and Business travel ($1.5B).
The top product import tariffs by their MFN Ad Valorem value for Czechia are Vermouth and other flavoured grape wines - pack > 2l (72.3k%) and Vermouth and other flavoured grape wines - pack > 2l (50.6k%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Czechia are:
Czechia has a high level of specialization in Spring, Air, and Gas Guns (28.2), Non-optical Microscopes (19.3), Detonating Fuses (12.1), Prepared Wool or Animal Hair (10.1), and Handguns (9.63). 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 Machines nes having individual functions (2.05), Machine-tools for shaping metals, nes (2.03), Tool plates, tips, etc, sintered metal carbide, cermet (2.03), Cermets and articles thereof, waste or scrap (1.93), and Screws, bolts, nuts, rivets, washers, etc, iron, steel (1.81). 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), Railway Freight Cars (0.38), Other Wood Articles (0.38), Light Fixtures (0.38), and Rolling Machines (0.38). 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 16th to the 7th 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.