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Slowdown signs - Czech exporters see sharp drop in exports in 2009
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Thursday, 17 Jun 2010
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According to data of association Sdruzeni CZECH TOP 100 obtained by CTK, the 50 largest Czech exporters saw their exports fall by CZK 125 billion YoY to CZK 640 billion in 2009 owing to the economic crisis. The biggest exporter was again Skoda Auto in 2009 whose exports dropped from CZK 176.3 billion in 2008 to CZK 166.5 billion.

Mr Jan Struz chairman of Sdruzeni CZECH TOP 100 said that "The chart of exporters for 2009 shows strong impacts of the economic crisis on Czech exporters. When comparing the first 50 exporters in 2009 and 2008, we can see a fall in the volume of exports of 16% equal to CZK 125 billion, which is the biggest YoY change in the past four years."

He said that the volume of exports of the 50 largest Czech exporters fell last year almost to the level from 2005. Exports of the 10 largest exporting companies decreased from CZK 537 billion in 2008 to CZK 464 billion in 2009. He added that "From the ten largest exporters, only companies Toyota Peugeot Citroen Automobile Czech and Agrofert Holding raised exports compared with the previous year. The average drop in the value of exports in the top ten amounted to 14%."

In 2009, foreign trade posted a record surplus of CZK 153.2 billion, CZK 85.9 billion higher than in 2008. Trade turnover decreased, however, and returned roughly to the level of 2006, even a bit lower. In 2009, exports were down by 14.1% YoY at CZK 2,125 billion and imports dropped by 18.1% on the year to CZK 1,972 billion.

RankingFirmExports '09Exports '08
1SKODA AUTO166,499,000176,283,000
2FOXCONN CZ82,923,28288,653,272
3Toyota Peugeot Citroen Automobile Czech51,824,56749,098,512
4RWE Transgas44,775,08145,696,031
5AGROFERT HOLDING33,805,68327,767,059
6MORAVIA STEEL19,109,05727,865,235
7OKD17,829,39525,526,782
8UNIPETROL16,842,42627,797,071
9SIEMENS Group CR16,816,07625,653,155
10Continental Automotive Czech Republic14,490,98516,051,304
11BOSCH DIESEL12,671,32719,574,617
12ArcelorMittal Ostrava11,239,34014,070,192
13Iveco Czech Republic9,159,6959,507,271
14Lucas Varity8,841,7538,044,367
15Robert Bosch7,783,5588,080,737
16AGC Flat Glass Czech7,236,9799,434,251
17Siemens Elektromotory6,968,5569,023,937
18DENSO MANUFACTURING CZECH6,247,8675,920,831
19Vitkovice Holding5,463,914n/a
20MITAS5,345,5917,322,935


In '000 CZK

(Sourced from Sdruzeni CZECH TOP 100)

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