International trade in goods (change of ownership) - January 2025
Balance was affected by higher exports of motor vehicles
Publication Date: 10. 03. 2025
Product Code: 241018-25
In January 2025, the total balance of international trade1) in goods2) was favourably influenced in particular by y−o−y higher trade surplus in 'motor vehicles' by CZK 6.0 bn. The trade deficit in 'computers and electronic and optical equipment' decreased by CZK 4.5 bn and the trade surplus in 'machinery and equipment' grew by CZK 3.5 bn.
The total trade balance was affected negatively mainly due to a decrease of the trade surplus in 'fabricated metal products' by CZK 3.6 bn. The trade deficit in 'basic metals' deepened by CZK 1.2 bn and the trade surplus in 'electrical equipment' fell by CZK 1.1 bn.
In January 2025, the positive trade balance with EU Member States fell by CZK 0.8 bn, y−o−y. The trade deficit with non-EU countries decreased by CZK 14.9 bn.
Y-o-y exports increased by 12.2% to CZK 396.7 bn and y-o-y imports rose by 8.7% to CZK 376.7 bn. January 2025 had the same number of working days as January 2024.
“In the first month of this year, exports of most commodity groups grew year-on-year. An increase of more than CZK 8 bn was recorded in exports of computers and electronic and optical equipment, which were exported mainly to Germany, the Netherlands and Slovakia in January,” says Jana Mazánková, Head of the Trade Balance Unit of the Czech Statistical Office.
Month-on-month, the seasonally adjusted exports and imports increased by 1.6% and 3.3%, respectively.
1) The international trade balance is the difference between exports from the Czech Republic and imports to the Czech Republic.
2) The international trade in goods (change of ownership) reflects export and import performance of the Czech economy, i.e. the international trade balance of the Czech Republic as well. It measures real trade in goods carried out between Czech entities and foreign ones, i.e. the change of ownership between residents and non-residents.