Czech Republic - Foreign trade

Czechoslovak foreign trade has traditionally involved the import of raw materials, oil and gas, and semi-manufactured products and the export of semi-finished products and consumer and capital goods. In 1989, trade with former Eastern bloc nations accounted for 56% of Czechoslovakia's total foreign trade; by the end of 1992 their share had more than halved to 27%.

Today, the Czech Republic engages in the export of numerous manufactured goods that are used in the production of automobiles, furniture, and electrical appliances. The manufacturing of metals, including iron and steel plates and sheets, and base metal bring in 5.7% of export dues. The road vehicle industry results in 15.6% of exports. Other export commodities include textiles (4.3%), glassware (which the country is famous for producing—1.6%), furniture (2.7%), and electrical machinery (2.9%). A majority of these products are exported to Germany.

In 2000 the Czech Republic's imports were distributed among the following categories:

Czech Republic

Consumer goods 14.1%
Food 4.0%
Fuels 9.5%
Industrial supplies 32.4%
Machinery 28.7%
Transportation 11.2%
Other 0.1%

Principal trading partners in 2000 (in millions of US dollars) were as follows:

Czech Republic

Germany 11,752 10,380 1,372
Slovakia 2,230 1,933 297
Austria 1,735 1,589 146
Poland 1,578 1,149 429
United Kingdom 1,246 1,330 -84
France 1,168 1,597 -398
Italy 1,101 1,664 -429
United States 818 1,421 -603
Netherlands 668 752 -84
Russia 387 2,079 -1,692
Also read article about Czech Republic from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic: