Thursday , January 21 2021

Exporters: Exports from the Czech Republic this year will amount to a record of 4.3 billion dollars



The Origin Society for Exporters estimated that the export volume of the year will not reach. The main reason for this year's export growth is, according to Dawn, that the krone did not go up as expected. For example, in the middle of the year, the koruna weakened to the euro by more than SEK 26 and achieved the weakest value since July. The dollar weakened to CZK 23.01 / USD. Bad krona gives higher returns to exporters.

So far, the highest export volume, Czech taxpayers, has reached this year, despite facing a significant shortage of workers. "We suffer from labor shortage for over two years," he said. He estimated that companies lack up to 400,000 workers. Czech Republic's competitiveness according to tax also reduces the rapid wage increase behind which productivity growth is behind. "Some exporters have problems with the profitability of their products," he said.

Czech Republic exports have steadily increased since 2009. Since then, exports have almost doubled, with annual growth of 12 percent on average. The year's growth by two percent, according to the association, shows a significant decline in the stagnation of demand for Czech products abroad. The main signal of the future stagnation of exports next year according to tax gives the automotive industry, where the Czech economy is heavily dependent.

"Sales of passenger cars decline by 4.7 percent, 3.6 percent spare and 15.5 percent lorries," said the association. "The business cycle is not top or it's already high," said Danek.

He pointed out that the largest subscriber countries Germany and Slovakia are stagnant. "Only Poland and France are growing from the five biggest buyer countries," he said. According to him, in the next period, the tariff barriers created by US President Donald Trumpe, the sanctions between the EU and Russia, the weakening of the Chinese economy and the turbulent situation in Turkey. Exporters also expect the koruna to be strengthened next year.

An exporter according to Daň next year will affect the planned suspension of the retention period, ie repayment for compensation for the first three days of illness. "Reducing the decline will further aggravate labor shortages," says Daněk.


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