Russia (RUS) and Czechia (CZE) Trade

2022

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Exports $10BRnk 13 / 138

2022

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About

Russia-Czechia Trade: In 2022, Russia exported $10B to Czechia. The main products that Russia exported to Czechia were Petroleum Gas ($6.79B), Crude Petroleum ($2.01B), and Semi-Finished Iron ($208M). Over the past 5 years the exports of Russia to Czechia have increased at an annualized rate of 16.9%, from $4.58B in 2017 to $10B in 2022.

In 2020, Russia exported services to Czechia worth $284M, with Computer and information services ($102M), Other business services ($61.5M), and Transportation ($50.2M) being the largest in terms of value.

Czechia-Russia Trade: In 2022, Czechia exported $1.56B to Russia. The main products that Czechia exported to Russia were Packaged Medicaments ($124M), Motor vehicles; parts and accessories (8701 to 8705) ($112M), and Computers ($54.8M). Over the past 5 years the exports of Czechia to Russia have decreased at an annualized rate of 10.2%, from $3.69B in 2017 to $1.56B in 2022.

In 2019, Czechia exported services to Russia worth $1.19B, with Travel ($605M), Transportation ($430M), and Other business services ($39.5M) being the largest in terms of value.

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $422M and imported $247M from Czechia, resulting in a positive trade balance of $175M. Between January 2021 and January 2022 the exports of Russia have increased by $142M (50.8%) from $280M to $422M, while imports increased by $42.7M (20.8%) from $205M to $247M.

Trade In January 2022, the top exports of Russia to Czechia were Commodities not elsewhere specified ($104M), Crude Petroleum ($99.9M), Semi-Finished Iron ($27.2M), Inorganic Salts ($8.21M), and Iron Ore ($7.73M). In January 2022 the top imports of Russia from Czechia were Motor vehicles; parts and accessories (8701... ($30.6M), Computers ($18.4M), Other toys ($6.73M), Packaged Medicaments ($6.14M), and Electrical Lighting and Signalling Equipment ($5.64M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($333M), REPUBLIC OF SAKHA (YAKUTIA) ($21.9M), SVERDLOVSK REGION ($13.2M), TULA REGION ($11.5M), and REPUBLIC OF TATARSTAN ($5.09M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($100M), KALUGA REGION ($47.1M), ST. PETERSBURG ($23.7M), MOSCOW REGION ($20.5M), and REPUBLIC OF TATARSTAN ($8.74M).

Growth In January 2022, the increase in Russia's year-by-year exports to Czechia was explained primarily by an increase in product exports in Commodities not elsewhere specified ($22.5M or 27.7%), Semi-Finished Iron ($16.3M or 150%), and Iron Ore ($6.47M or 515%). In January 2022, the increase in Russia's year-by-year imports from Czechia was explained primarily by an increase in product imports in Commodities not elsewhere specified ($3.76M or 25.6k%), Glass Working Machines ($3.39M or 30.3k%), and Electric Batteries ($3.08M or 414%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$142M(50.8%)

IMPORT GROWTH (January 2021 - January 2022)$42.7M(20.8%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$333M

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

To check Czechia and Russia 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, Russia exported $10B to Czechia. The main products exported from Russia to Czechia were Petroleum Gas ($6.79B), Crude Petroleum ($2.01B), and Semi-Finished Iron ($208M). During the last 5 years the exports of Russia to Czechia have increased at an annualized rate of 16.9%, from $4.58B in 2017 to $10B in 2022.

In 2017, Czechia exported $1.56B to Russia. The main products exported from Czechia to Russia were Packaged Medicaments ($124M), Motor vehicles; parts and accessories (8701 to 8705) ($112M), and Computers ($54.8M). During the last 5 years the exports of Czechia to Russia have decreased at an annualized rate of 10.2%, from $3.69B in 2022 to $1.56B in 2017.

Exports from Russia () to Czechia () (2022)

Exports from Czechia () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Czechia
Top DestinationGermany$75.3B

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

In 2022, countries that imported more from Russia than Czechia included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Czechia than Russia included Germany ($75.3B), Slovakia ($19.7B), and Austria ($10.9B).

Difference in imports from Czechia () and Russia () (2022)

Comparative Advantage Russia - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Czechia in the exports of Mineral Products ($8.85B), Metals ($408M), and Chemical Products ($292M).

During 2017, Czechia had a large net trade with Russia in the exports of Machines ($637M), Chemical Products ($249M), and Transportation ($160M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Czechia+$449MCrude Petroleum

Top Product Potential Czechia Russia+$96.5MMotor vehicles; parts and accessories (8701 to 8705)

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

Rus Year

In 2019, Czechia exported services to Russia worth $1.19B, with Travel ($605M), Transportation ($430M), and Other business services ($39.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Czechia () (2020)

Services Exports from Czechia () to Russia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and Czechia () (2022)

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