Germany-Czechia Bilateral Trade Analysis 2023
Complete trade statistics: $121.74B total volume •Germany deficit: $14.85B
Germany → Czechia
$53.44B
Exports (2023)
Czechia → Germany
$68.29B
Imports (2023)
Trade Balance
$14.85B
Deficit for Germany
Total Trade
$121.74B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Germany and Czechia. Green line shows exports from Germany, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Germany-Czechia commercial relationship and competitive positioning in global markets.
Germany → Czechia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Germany's export portfolio to Czechia demonstrates strong diversification across multiple sectors, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Czechia → Germany Imports
Import Dependency Profile
📦 Import Strategy Analysis
Germany's import pattern from Czechia reveals strategic sourcingin vehicles: parts and accessories, of bodies, other than safety seat belts, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Germany demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Czechia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $121.74B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Germany-Czechia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $121.74 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Germany maintains a deficit of $14.85 billion
- Export Focus: Germany's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, vehicles: parts and accessories, of bodies, other than safety seat belts, catalysts, supported: reaction initiators, reaction accelerators and catalytic preparations, with precious metal or precious metal compounds as the active substance, n.e.c. or included
- Import Dependencies: Key imports from Czechia include vehicles: parts and accessories, of bodies, other than safety seat belts, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $121.74B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Germany leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Germany's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Czechia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: parts and accessories, of bodies, other than safety seat belts.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $121.74B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $121.74B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $121.74 billion bilateral trade volume represents a major economic driverfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and vehicles: parts and accessories, of bodies, other than safety seat belts demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Germany's trade deficit of $14.85 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Germany and Czechia represents a total trade volume of $121.74 billion in 2023. This partnership demonstrates an unfavorable trade balance for Germany, with imports exceeding exportsby $14.85 billion.
Export Strengths
Germany's exports to Czechia total $53.44 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $2.07B or3.9% of bilateral exports.
Import Dependencies
Imports from Czechia amount to $68.29 billion, highlighting economic interdependence in vehicles: parts and accessories, of bodies, other than safety seat belts, with Vehicles: parts and accessories, of bodies, other than safety seat belts comprising4.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Germany's strategic sourcing from Czechia. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Germany and Czechia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023