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Exports

Czech Machine Tool Exports Decline Amid Global Turbulence

Strategic Insights

— 1 min read

The Czech Republic's exports of machine tools and forming machines have seen a decline in the first quarter of this year, with imports surpassing exports. The downward trend is particularly concerning for Czech manufacturers, who rely heavily on exports of these machines. The decline in exports is attributed to a 30% drop in the value of exported products, which stood at Kc2.1bn. The exports of forming machines have declined by almost half compared to the first quarter of 2024, while machine tool exports dropped by more than a quarter. Metal-forming machines were the least exported, with a staggering 92% drop in exports.

Key Takeaways:

  • Exports of machine tools and forming machines decreased by 30 percent year-on-year in the first quarter of this year, with a total value of Kc2.1bn.
  • The exports of forming machines decreased by almost half compared to the first quarter of 2024, and machine tool exports dropped by more than a quarter.
  • Metal-forming machines were the least exported, with a 92% drop in exports.
  • Exports of machine tools for grinding or polishing fell by more than half.
  • Imports of machine tools and forming machines declined by 2 percent year-on-year, with a value of almost Kc2.2bn.
  • In the first three months of this year, imports of machine tools fell by 7 percent year-on-year, while imports of forming machines rose by 13 percent.
  • Germany has traditionally been the largest export market for Czech machine technology, accounting for about one-fifth of all exports at the beginning of the year.

Statistics:

  • Exports of machine tools and forming machines decreased by 30% year-on-year in the first quarter.
  • Total value of exported products: Kc2.1bn.
  • Value of imported products: almost Kc2.2bn.
  • Imports of forming machines rose by 13% year-on-year in the first three months.
  • Imports of machine tools fell by 7% year-on-year in the first three months.
  • Germany accounted for about 30% of total imports in the first three months.
  • Italy and China each accounted for about 10% of machinery imports into Czechia.

Sources:

  • Association of Engineering Technology (SST)
  • CTK News Agency

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