Importing and Exporting in Czech Republic
Importing and Exporting in Czech RepublicUpdated on Monday 13th June 2016
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Czech Republic offers an attractive business environment for both local and foreign investors. Businessmen who are interested in opening a company performing trading activities in Czech Republic are advised to study the characteristics of the import/export activities carried out by this country, as well as the financial aspects related to this domain. Our team of Czech lawyers provide an in-depth presentation on what types of business permits are necessary for trading activities, which are issued in accordance with their relevant field.
Czech imports in 2015
In 2015, Czech Republic imported a number of products, necessary for the overall activities carried out here. In this sense, the highest values related to imports were registered for the following products:
• machinery - $25,4 billion, representing 18,2% of the total value.
• electronic equipment;
Entrepreneurs who are interested in opening a company in the trading field must know that the internal demand increased for the following products:
• coffee and tea;
• manufactured products;
• collector objects;
The country’s main trading partners were, in 2015, represented by European countries, as well as China and Russia:
• The Netherlands;
Our team of Czech attorneys can provide more details referring to various aspects of the level of imports.
Czech exports – main characteristics
Czech Republic is a competitive exporter, providing to the European Union and other economies high quality products. There are several industries which are considered to have a tradition in terms of exports and they refer to key industries, such as: automotive, electrical engineering, pharmaceuticals, but also pottery and glass.
The Czech Republic exports vehicles and components for vehicles, as well as trams and buses. An important aspect of the local economy is that the country is the leading economy in the Central Europe for the production of computers.
Persons who need further information on the Czech importing and exporting activities can address to our Czech law firm for assistance.