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Enhanced global steel trade monitoring
Steel Imports Report: Czech Republic
Background
The Czech Republic was the world’s twentieth-largest steel importer in 2017. In 2018 the Czech Republic imported 7.25 million metric tons of steel, a 4 percent increase from 6.96 million metric tons in 2017. The Czech Republic’s imports represented about 2 percent of all steel imported globally in 2018. The volume of the Czech Republic’s 2018 steel imports was slightly over one quarter that of Europe’s largest and the world’s second-largest importer, Germany, and approximately one quarter of the United States, the world’s largest steel importer. In value terms, steel represented just 4 percent of the total goods imported into the Czech Republic in 2018.
The Czech Republic imports steel from over 50 countries and territories. The ten countries labeled in the map below represent the Czech Republic’s top sources of steel in 2018, together accounting for
The Czech Republic has had a steel trade deficit since the end of 2006. The Czech Republic switched from a steel trade surplus to a trade deficit in Q4 2006. Imports and exports both declined in 2008-2009, following the global recession. Imports increased 75 percent between 2009 and 2018, while exports increased by 30 percent leading to gradually widening trade deficit. In 2018, the steel trade deficit amounted to 2.47 million metric tons, a slight increase from 2.45 million metric tons in 2017.
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