Flag Czechia

Econ Complexity (2018): 1.6, Rank 8 of 137

Product Exports (2018): $200B, Rank 27 of 222

Exports Per Capita (2018): $18.8k, Rank 117 of 219

Product Imports (2018): $180B, Rank 28 of 221

Imports Per Capita (2018): $16.9k, Rank 122 of 219

Service Exports (2017): $23.1B, Rank 36 of 139

Service Imports (2017): $19.7B, Rank 40 of 139

GDP (2018): $245B, CURRENT US$
Rank 44 of 196

GDP growth (2008 - 2018): 4.03%, CURRENT US$
Rank 159 of 196

GDP PC (2018): $23,079, CURRENT US$
Rank 45 of 196

GDP PC GROWTH (2008 - 2018): 1.67%, CURRENT US$
Rank 140 of 196

Overview: In 2018 Czechia was the number 44 economy in the world in terms of GDP (current US$), the number 27 in total exports, the number 28 in total imports, and the number 8 most complex economy according to the Economic Complexity Index (ECI). In 2018, Czechia exported $200B and imported $180B, resulting in a positive trade balance of $20.6B. In 2018, Czechia's exports per capita were $18.8k and its imports per capita were $16.9k.

Trade: The top exports of Czechia are Cars ($22.7B), Vehicle Parts ($15.6B), Computers ($10.8B), Broadcasting Equipment ($8.28B), and Office Machine Parts ($4.18B). The top imports of Czechia are Vehicle Parts ($10.2B), Broadcasting Equipment ($8.66B), Office Machine Parts ($6.93B), Cars ($4.61B), and Computers ($4.47B).

Destinations: Czechia exports mostly to Germany ($63.7B), Slovakia ($14.3B), Poland ($11.9B), France ($10.2B), and United Kingdom ($9.2B), and imports mostly from Germany ($49.2B), China ($19B), Poland ($16.1B), Slovakia ($10.6B), and Italy ($7.62B).

Location: Czechia borders Austria, Germany, Poland, and Slovakia by land.

Product Exports

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Value

Top Export (2018): Cars, $22.7B

Top Destination (2018): Germany, $63.7B

In 2018 Czechia exported a total of $200B, making it the number 27 exporter in the world. During the last five reported years the exports of Czechia have changed by $47B from $153B in 2013 to $200B in 2018.

The most recent exports are led by Cars ($22.7B), Vehicle Parts ($15.6B), Computers ($10.8B), Broadcasting Equipment ($8.28B), and Office Machine Parts ($4.18B). The most common destination for the exports of Czechia are Germany ($63.7B), Slovakia ($14.3B), Poland ($11.9B), France ($10.2B), and United Kingdom ($9.2B).

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Product Imports

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Value

Top Import (2018): Vehicle Parts, $10.2B

Top Origin (2018): Germany, $49.2B

In 2018 Czechia imported $180B, making it the number 28 trade destination in the world. During the last five reported years the imports of Czechia changed by $36.7B from $143B in 2013 to $180B in 2018.

The most recent imports of Czechia are led by Vehicle Parts ($10.2B), Broadcasting Equipment ($8.66B), Office Machine Parts ($6.93B), Cars ($4.61B), and Computers ($4.47B). The most common import partners for Czechia are Germany ($49.2B), China ($19B), Poland ($16.1B), Slovakia ($10.6B), and Italy ($7.62B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Czechia Exports Services (2017): $23.1B

Czechia Imports Services (2017): $19.7B

In 2017, Czechia exported $23.1B worth of services. The top services exported by Czechia in 2017 were Travel ($6.96B), Transportation ($6.4B), Miscellaneous business, professional, and technical services ($4.56B), Computer and information services ($3.83B), and Construction services ($428M).

The top services imported by Czechia in 2017 were Travel ($5.45B), Transportation ($5.06B), Miscellaneous business, professional, and technical services ($4.5B), Computer and information services ($2.21B), and Royalties and license fees ($1.24B).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Czechia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Czechia are Sugar beet (178%) and Whey (173%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Czechia are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
119: Customs Union between EU and Turkey
121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
161: Preferential tariff for Algeria
162: Preferential tariff for Andorra
172: Preferential tariff for Bosnia and Herzegovina
177: Preferential tariff for Cameroon
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA
182: Preferential tariff for Chile
189: Preferential tariff for Colombia
205: Preferential tariff for Ecuador
206: Preferential tariff for Egypt
209: Preferential tariff for EPA countries
218: Preferential tariff for European Union countries
222: Preferential tariff for Faroe Islands
223: Preferential tariff for Fiji
224: Preferential tariff for for occupied Palestinian territory
226: Preferential tariff for Georgia
227: Preferential tariff for Ghana
238: Preferential tariff for Iceland
239: Preferential tariff for India
244: Preferential tariff for Israel
247: Preferential tariff for Jordan
249: Preferential tariff for Korea, Republic of
255: Preferential tariff for Lebanon
258: Preferential tariff for Liechtenstein
262: Preferential tariff for Macedonia
270: Preferential tariff for Mexico
272: Preferential tariff for Montenegro
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
283: Preferential tariff for Overseas Countries and Territories
284: Preferential tariff for Pakistan
287: Preferential tariff for Papua New Guinea
289: Preferential tariff for Peru
293: Preferential tariff for San Marino
295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)
299: Preferential tariff for Singapore
302: Preferential tariff for South Africa
306: Preferential tariff for Switzerland
308: Preferential tariff for Syria
318: Preferential tariff for the republic of Moldova
321: Preferential tariff for Tunisia
325: Preferential tariff for Ukraine
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Czechia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨14th 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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Most Specialized Products by RCA Index

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Czechia has a high level of specialization in Spring, Air, and Gas Guns (27.7), Non-optical Microscopes (18.1), Detonating Fuses (13.6), Prepared Wool or Animal Hair (10.6), and Handguns (8.88). Specialization is measured using RCA, an index that takes the ratio between Czechia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Czechia according to the product complexity index (PCI) are Cermets and articles thereof, waste or scrap (2.21), Machine-tools for shaping metals, nes (2.02), Machines nes having individual functions (2), Lathes for removing metal (1.9), and Electric solder, weld, braze,hot metal spray equipment (1.83). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Czechia according to the relatedness index, are Electrical Transformers (0.41), Electric Heaters (0.4), Cranes (0.4), Washing and Bottling Machines (0.4), and Motor-working Tools (0.39). 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 it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.