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Company Formation Czech Republic



Imports and Exports in Czech Republic

Updated on Monday 11th December 2017

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Imports-and-Exports-in-Czech-Republic.jpgForeign investors interested in the trading market available in Czech Republic should know that the country is one of the most stable economies in Central Europe. Czech Republic represents a very prosperous market in this region; one of the main strengths of the state is the ease of doing business. Czech Republic became a member state of the European Union (EU) in 2004 and for the period 2014-2020 the country will benefit of EU structural funds accounting for 23 billion pounds. Investors interested in setting up a trading company in Czech Republic can find out more on the import and export market available here from our Czech company formation specialists

Imports in Czech Republic 

At the level of 2014, the total value of imports accounted for $153 billion, showing an increase of 21%, compared to the level of 2010. The top imported products were the following: 
industrial machinery - machines, engines, pumps (accounting for 17.6% of the total imports);
electrical machinery (16.4% of the total imports);
vehicles - motor vehicles and parts (9.21%);
oil and mineral fuels (8.05%);
plastics (5.61%);
iron and steel (3.79%);
pharmaceuticals (2.95%);
iron and steel products (2.9%);
medical and technical equipment (2.2%);
rubber (1.81%). 
Forecasts for 2017 are showing that the total value of imports in Czech Republic will account for more than $250 billion. 
The main imports partners of Czech Republic are: Germany, China, Poland, Slovakia and Italy. 

Exports in Czech Republic 

Foreign investors interested in setting up a company in Czech Republic in the trading industry should know that the total value of exports in 2014 was of $174 billion; the main goods exported by Czech Republic were the following: 
industrial machinery (19.35% of the total export value);
motor vehicles and vehicle parts (19.02%);
electrical machinery (16.73%);
iron and steel products (4.06%);
plastics (3.67%);
oil and mineral fuels (2.65%);
furniture (2.50%);
iron and steel (2.39%);
rubber (2.35%);
toys and sport equipment (1.95%). 
The top export partners of Czech Republic are: Germany, Slovakia, Poland, United Kingdom and France. It is considered that by the year 2017, the first three export partners will account for 47% of the total export of Czech Republic; our company formation  agents can offer you further details on this matter. 
If you need further information on the imports and exports in Czech Republic, please contact our Czech company formation consultants for assistance. 

Meet us in Brno

Call us at +420 721 565 868 to set up an appointment with our specialists in company formation in Brno. Alternatively you can incorporate your company without traveling to Czech Republic.

As an CorpexLab client, you will benefit from the joint expertize of local experts and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Czech Republic.

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The team from CzechCompanyIncorporation.com is very qualified and benefits from extensive expertise in this area. I would definitely recommend them to any entrepreneur decided to start his own business here.

Mihai Cuc, Partner of
Enescu&Cuc; Law Firm

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