FX.co ★ Czech Republic Trade Deficit Widens Sharply

The Czech Republic’s trade deficit widened markedly to CZK 8.5 billion in July 2026, compared with a downwardly revised CZK 3.5 billion in the same month a year earlier. Imports rose by 5.2% year-on-year to CZK 398.7 billion, supported by higher purchases of forestry, logging and other services (+29.9%), fish and other fishing products (+47.6%), crude oil and natural gas (+23.7%), and metal ores (+77.2%).

Exports also grew, increasing 3.9% to CZK 390.2 billion, mainly on the back of stronger sales of agriculture, hunting and related products (+15.7%), tobacco products (+70.6%), textiles (+13.4%), and coke and refined petroleum products (+41.6%).

Over the January–July period, the trade balance recorded a surplus of CZK 94.0 billion, down CZK 32.3 billion from a year earlier, as import growth of 4.1% outpaced the 2.8% increase in exports.