Czechia Special | Reliable and competent export partner

CEE Economies Special Report , 14. Apr.

We see Czechia as a reliable export partner. Strategic location in the heart of Europe and open economy equals ideal export conditions. Economic stability is reflected in a high credit rating and competitive labour costs strengthen its position on the international stage. High share of high-tech as 19% of Czech exports are high-tech products (the 4th highest share in the EU). Export growth - since 1993, the volume of exports has increased more than 13 times, the share of exports in GDP is currently 70% (it ranks among the top 30 in the world). Diversification of industry is visible in wide range of products, from automotive to electronics or nanotechnology. Security and stability is evidenced by 12th place in the Global Peace Index, which increases its attractiveness for trade and investment.