Trade & Commerce in Czech Republic

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 commerce in czech republic 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.

Links:
http://www.mzv.cz/file/1002890/Doing_business_in_the_Czech_Republic_2013.pdf

http://www.ingcb.com/media/233077/czech_republic.pdf

Information & Statistics

GDP (pp.): $273.1 billion (2011)
GDP Growth: 1.7% (2011)
GDP per capita (pp.): $25,934 (2011)[15]
GDP by sector: Agriculture: 2.9% Industry: 38.7% Services: 58.7% (2008)
Inflation: 1.9% (2011)
Labour Force: 5,370,000 (2008)
Unemployment: 6.5% (Jun 2011)[16]
Industrial production growth rate: 5.4% (2011)
Household income or consumption by percentage share: (1996)
• lowest 10%: 4.3%
• highest 10%: 22.4%
Public Debt: 41.5% GDP (2011)

Trade and finance

Exports: $122 billion (2007) Export goods: machinery and transport goods 52%, raw materials 9%, chemicals 5%, other 34% (2003).
Imports: $116.6 billion Import goods: machinery and transport goods 46%, raw materials and fuels 16%, chemicals 10%, other 28% (2003)
Current Account balance: -$4,533,000 (2007)
Export partners: Germany 30.8%, Slovakia 8.7%, Poland 5.9%, France 5.4%, UK 5.1%, Italy 4.9%, Austria 4.9% (2007).
Import partners: Germany 31.4%, Netherlands 6.7%, Slovakia 6.4%, Poland 6.3%, Austria 5.1%, China 5.1%, Russia 4.5%, Italy 4.4%, France 4.1% (2007).
Reserves: $34.59 billion (2007)
Foreign Direct Investment: $86.75 billion (2007)
Czech Investment Abroad: $6.058 billion (2007)
External debt: $74.7 billion (2007)
Value of Publicly Traded Shares: $48.6 billion (2006)
Exchange rates:
• koruny (Kč) per US$1 – 18.75 (December 2010),[15] 18.277 (2007), 23.957 (2005), 25.7 (2004), 28.2 (2003), 32.7 (2002), 38.0 (2001), 38.6 (2001), 34.6 (1999), 32.3 (1998), 31.7 (1997), 27.1 (1996), 26.5 (1995)
• koruny (Kč) per EUR€1 – 25.06 (December 2010)[15]

Energy (production and consumption)

Electricity production: 77.38 GWh (2005) Electricity – production by source:
• fossil fuel: 75.54%
• hydro: 2.55%
• nuclear: 20.37%
• other: 1.54% (1998)
Electricity – consumption: 59.72 GWh (2005)
Electricity – exports: 24.99 GWh (2005)
Electricity – imports: 12.35 GWh (2005)
Oil – production: 18,030 bbl/d (2,867 m3/d) (2005)
Oil – consumption: 213,000 bbl/d (33,900 m3/d) (2005 est.)
Oil – exports: 20,930 bbl/d (3,328 m3/d) (2004)
Oil – imports: 203,700 bbl/d (32,390 m3/d) (2004)
Oil – proved reserves: 15,000,000 bbl (2,400,000 m3) (1 January 2006)
Natural gas – production: 165 million m³ (2005 est.)
Natural gas – consumption: 9.076 billion m³ (2005 est.)
Natural gas – exports: 81.52 million m³ (2005 est.)
Natural gas – imports: 8.976 billion m³ (2005 est.)
Natural gas – proved reserves: 3.802 billion m³ (1 January 2006)
Natural resources: coal, timber, lignite, uranium, magnesite.
Agriculture – products: wheat, rye, oats, corn, barley, potatoes, sugar beets, hops, fruit; pigs, cattle, poultry, horses; forest products

IT and Telecommunications

Households with access to fixed and mobile telephone access[17]
• landline telephone – 25% (2009)
• according to the Czech Statistical Office:[18] 55,2% (2005); 31,1% (2008); 27,6% (2009); 24,2% (2010); 23,4% (2011); 21,8% (2012)
• mobile telephone – 94% (2009)
• according to the Czech Statistical Office:[18] 81,2% (2005); 92,4% (2008); 94,6% (2009); 95,6% (2010); 96,2% (2011); 97,0% (2012)
Individuals with mobile telephone access
• according to the Czech Statistical Office:[19] 75,8% (2005); 90,6% (2009); 93,9% (2011); 96,0% (2012); 96,0% (2013)
Broadband penetration rate[17]
• fixed broadband – 19.1% (2010)
• mobile broadband – 3.5% (2010)
Individuals using computer and internet[17]
• computer – 67% (2009)
• according to the Czech Statistical Office:[20] 42,0% (2005); 59,2% (2009); 64,1% (2010); 67,1% (2011); 69,5% (2012); 70,2% (2013)
• internet – 64% (2009)
• according to the Czech Statistical Office:[21] 32,1% (2005); 55,9% (2009); 61,8% (2010); 65,5% (2011); 69,5% (2012); 70,4% (2013)