Foreign Trade 2010

photo:  (sxc.hu)

2010 saw foreign trade in the Czech Republic increase. The turnover, in comparison to 2009, increased by 19.0% to CZK 4,911.8 thousand million. The Czech Republic achieved the highest turnover since the state was established. The trade balance was positive – CZK +124.5 thousand million, although it was CZK 25 thousand million lower than in 2009.

The basic information on the foreign trade of the Czech Republic, published by the Ministry of Industry and Trade, comprises several specific aspects of Czech business exchange with other countries. In general, it is obvious from the statistics that Czech exports in 2010 increased by 17.7%, amounting to CZK 2,518.2 thousand million; Czech imports increased by 20.3%, achieving CZK 2,393.6 thousand million.

The 2010 foreign trade results were greatly influenced by the development of processing industries due to increasing demand from abroad. The leading group of exported products comprises machines and means of transport, of which especially road vehicles, electric equipment, electric appliances and tooling, ICT technological equipment, machines and tooling generally used in industry, and telecommunication devices. In personal vehicles, the positive balance within the foreign trade increased inter-annually by CZK 39.3 thousand million, in parts and accessories for motor vehicles the inter-annual increase amounted to CZK 7.3 thousand million.

The positive development of Czech foreign trade is also connected to the growing global economy, since the demand from abroad has grown. There was a very positive influence from the German economy, the main market for the Czech Republic. In 2010, 31.9% of the total Czech exports was directed to the German market. Compared to 2009, exports to Germany increased by 15.6%, which represents a contribution of 28.6% of the total export amount.

Statistic structure of export and import

As regards the goods structure within the foreign trade of the Czech Republic, the portion of machines and means of transport increased (from 53.6% to 54.2%), as well as the portion of raw materials and mineral fuel (from 6.3% to 6.7%) and chemicals and relative products (from 6.4% to 6.5%). The position of semi-products and materials decreased (from 17.6% to 17.4%), as well as the position of industrial consumption goods (from 11.8% to 11.2%) and agricultural and foodstuff raw materials and products (from 4.4% to 4.0%).

As for the general import of goods, there was an increase in machines and means of transport (from 41.3% to 43.2%), semi-products and materials (from 17.6% to 17.9%) and raw materials and mineral fuel (from 11.5% to 12.3%). In general import, a decrease is seen in chemicals and related products (from 11.2% to 10.6%), agricultural and foodstuff raw materials and products (from 6.4% to 5.5%) and industrial consumption goods (from 12.0% to 10.4%).

Within the classification of Czech foreign trade, viewing the territorial composition, exports to EU member countries increased by 16.5% (CZK 299.6 thousand million) and to non-EU countries by 24.5% (CZK 80.0 thousand million). Compared with the total export, a slight decrease is found in EU member states – from 84.7% to 83.9%. The highest absolute increase was seen in Czech exports to Germany (CZK 108.5 thousand million). The highest relative increase was found in exports to other states, along with exports to the Commonwealth of Independent States, other developed market economies and EFTA states; there was an under-average increase in exports to European transitive and developing states.

On the contrary, viewing the territorial division, imports from EU states increased by 14.3% (CZK 190.3 thousand million), while imports from non-EU countries increased by 32.4% (CZK 214.3 thousand million). However, in overall imports the portion of EU states decreased from 66.8% to 63.4%, while in other developed market economies the decrease was from 6.6% to 6.1%. The most significant relative increase was obvious in imports from other countries, followed by the CIS, the developing states, the European transitive economies and EFTA states; an under-average increase was identified in imports from other developed market economies. The biggest absolute increase was found in imports from Germany (CZK 82.3 thousand million).
Author: Ivana Jenerálová
Source: mpo.cz
Added: 12.06.2011

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