Total exports for the first half of 1996 amounted to $11.1 billion and imports $13.8 billion. This trade imbalance is financed primarily by foreign currency reserves.
The most important export commodities are iron, steel, textiles, cars and electrical engineering. Import were comprised mostly of electrical engineering, iron and steel, office equipment and data processing machines, raw materials, paper and paper products and cars.
SITC 0.1.4 = Food and live animals, beverages and animal and vegetable oils and fats SITC 2.3 = Cruder materials, mineral fuels SITC 5 = Chemicals SITC 6 = Manufacturer goods classified by material# SITC 7 = Machinery and transport equipment SITC 8 = Other manufactured products SITC 9 = Commodities and transaction e.s.
Territorial structure of exports of the CR (share in %)
DME DC OC ET SR CEFTA 1993 54.3 8.5 2.2 35 21.5 26.4 1994 59.7 7.3 0.9 32.1 16.3 22.9 1995 60.1 6.0 0.8 33.1 16.2 23.7 Jan-June 1996 63.9 6.0 0.6 29.5 14.2 22.4 Source: The Czech Republic in the international economy (January 96- Ministry of Industry and Trade) Czech Foreign Trade in Statistics (June 96-Ministry of Industry and Trade) Jan - Dec 1995 Trade turnover 100% Export 44.9% Import 55.1% DME DC OC ET SR CEFTA 1993 60.7 4.9 0.7 33.7 17.5 21.4 1994 64.6 5.4 0.7 29.3 14.2 18.5 1995 65.1 5.0 1.1 28.4 13.1 17.5 Jan-June 1996 70.6 5.0 1.1 23.3 9.8 14.6 DME = Developed market economies ET = Economies in transition DC = Developing countries SR = The Slovak Republic OC = Other countries(countries with state trading system, without specification) CEFTA = Central Europe Free Trade Agreement Source: The Czech Republic in the international economy (January 96- Ministry of Industry and Trade) Czech Foreign Trade in Statistics (June 96-Ministry of Industry and Trade)
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