External trade in the year 2006

09 Feb '07

3 min read

In 2006 external trade recorded the best results since the beginning of the independent Czech Republic. Exports and imports reached the highest values in the history of the Czech Republic.

The value of exports exceeded that of imports for the second time since 1993 and the trade balance showed a surplus2. The turnover of external trade in 2006 was five times higher than in 1993, exports per capita increased more than fivefold3; the Czech Republic strengthened its position in world exports

Commodity structure of external trade saw changes in 2006, in comparison to 2005, which were noticeable in:

Machinery and transport equipment by a highly above-the-average growth of exports and imports and hence by a higher share of these products in total exports and imports. Higher exports by CZK 187.2 billion represented 68.7% of increase of total exports and higher imports by CZK 122.6 billion made up 46.5% of increase of total imports.

Trade surplus in 'machinery and transport equipment' reached CZK 276.9 billion (CZK +64.6 billion year-on-year). The growth of the surplus is attributable to exports of 'road vehicles' and 'general industrial machinery and equipment n.e.s.' in particular. Surplus in 'road vehicles' grew by CZK 36.2 billion and surplus in 'general industrial machinery and equipment n.e.s.' by CZK 12.4 billion. Trade balance in 'other transport equipment' improved (a turn from the CZK 6.3 billion deficit into a CZK 7.2 billion surplus);

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