International Trade: Net Trade: Value (Goods): Total for Czech Republic
CZEXTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.49
Year-over-Year Change
-38.95%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the net trade value of goods for the Czech Republic, representing the difference between exports and imports. It is a key indicator of the country's trade balance and competitiveness in global markets.
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 net trade value of goods reflects the overall trade activity and performance of the Czech economy. Economists and policymakers analyze this metric to assess the nation's trade position, evaluate the effectiveness of trade policies, and understand its integration within the global supply chain.
Methodology
The data is collected and reported by the Czech Statistical Office based on customs declarations and surveys.
Historical Context
This trade data is used to inform economic and trade policy decisions, as well as to analyze the Czech Republic's participation in international trade and global value chains.
Key Facts
- The Czech Republic is a major exporter of machinery, vehicles, and electronics.
- Trade accounts for over 150% of the Czech Republic's GDP.
- The country has maintained a positive trade balance in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net trade value of goods for the Czech Republic, which is the difference between the value of its exports and imports.
Q: Why is this trend relevant for users or analysts?
A: The net trade value is a key indicator of the Czech Republic's trade balance and competitiveness in global markets, providing insights into the strength of its economy and its integration within international trade.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Czech Statistical Office based on customs declarations and surveys.
Q: How is this trend used in economic policy?
A: This trade data is used to inform economic and trade policy decisions, as well as to analyze the Czech Republic's participation in international trade and global value chains.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, International Trade: Net Trade: Value (Goods): Total for Czech Republic (CZEXTNTVA01STSAQ), retrieved from FRED.