Czech Republic

Europe
Czech Republic world map

Trade in Czech Republic

Czech Republic was the world’s 29th largest exporter of goods and 36th largest exporter of commercial services in 2021. Export values were $226.6 and $29.7 billion USD respectively. Czech Republic’s top export category was manufactures, followed by agricultural products, and fuels and mining products. In 2020, Czech Republic’s main export destination markets for goods and services trade were to Germany, Slovak Republic and Poland, with trade representing 133.15 per cent of GDP. In terms of imports, Czech Republic is the world’s 29th largest importer of goods and 39th largest importer of commercial services. Import values were $212.0 and $24.6 billion USD respectively in 2021. Czech Republic’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were Germany, China and Poland. Czech Republic is a member of the European Union, which is part of 45 different Regional Trade Agreements, including with Central America, Pacific States and Eastern and Southern Africa States.
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General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Czech Republic

Abbreviation

CZ

Capital

Prague

WTO Membership Date

1 January 1995

Legal System

new civil code enacted in 2014, replacing civil code of 1964 - based on former Austro-Hungarian civil codes and socialist theory - and reintroducing former Czech legal terminology

Language

Czech

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Czech koruna

Exchange Rate

 Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.

  • BNP Paribas Fortis Czech Republic - Prague, Czech Republic - SWIFT: GEBACZPP

  • Ceska Sporitelna AS - Prague, Czech Republic - SWIFT: GIBACZPK

  • Ceskoslovenska Obchodni Banka - Prague, Czech Republic - SWIFT: CEKOCZPP

  • Citibank Europe PLC Organizacni Slozka - Prague, Czech Republic - SWIFT: CITICZPX

  • Credit Agricole CIB Czech Republic - Prague, Czech Republic - SWIFT: CRLYCZPP

  • Komercni Banka AS - Prague, Czech Republic - SWIFT: KOMBCZPP

  • Raiffeisenbank AS - Prague, Czech Republic - SWIFT: RZBCCZPP

  • Sberbank CZ AS - Prague, Czech Republic - SWIFT: VBOECZ2X

  • UniCredit Bank Czech Republic SA - Prague, Czech Republic - SWIFT: BACXCZPP

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Government MSME Agency

  • Czech Trade Promotion Agency (CzechTrade)

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Copyright Offices

  • Copyright Law Department

  • Ministry of Culture

Industrial Property Offices

  • Industrial Property Office of the Czech Republic

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.

  • Ministry of Agriculture
    Phone: +(420) 221 812 754
    Website: http://www.mze.cz

    Tesnov 17

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.

  • Czech Office for Standards, Metrology and Testing
    WTO Enquiry Point
    Contact person: Mrs. Irena Karasova
    Phone: +(420) 221 802 212
    Website: http://www.unmz.cz/office/wto-tbt-enquiry-point

    Na Žertvách 132/24,
    Prague 8

    [email protected]

Additional Information

 ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

 https://www.celnisprava.cz/en/applications/Pages/taric-cz.aspx

Last Reviewed: June, 2023

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