International Merchandise Trade Statistics: Trade Balance: Commodities for Czechia
XTNTVA01CZM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,555,862,000.00
Year-over-Year Change
0.31%
Date Range
1/1/1991 - 6/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Czechia tracks the monthly difference between the value of goods exported and imported by Czechia. This key economic indicator provides insight into the country's trade dynamics and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The trade balance reflects the net flow of goods traded between Czechia and its global trading partners. Economists and policymakers closely monitor this metric to assess the health of the national economy, international competitiveness, and the impact of trade policies.
Methodology
The data is collected and calculated by national statistical agencies based on customs records of goods entering and leaving the country.
Historical Context
The trade balance is a critical input for evaluating macroeconomic conditions, exchange rate movements, and the potential impact of trade agreements or tariffs.
Key Facts
- Czechia had a trade surplus of $1.78 billion in January 2023.
- Machinery and transport equipment make up over 50% of Czechia's total exports.
- The United States is Czechia's 5th largest trading partner by export value.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Czechia tracks the monthly difference between the value of goods exported and imported by Czechia.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of a country's international competitiveness and can provide insights into the overall health of the national economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by national statistical agencies based on customs records of goods entering and leaving the country.
Q: How is this trend used in economic policy?
A: The trade balance is a critical input for evaluating macroeconomic conditions, exchange rate movements, and the potential impact of trade agreements or tariffs.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the time required for customs processing and data compilation.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Czechia (XTNTVA01CZM667S), retrieved from FRED.