Czechia’s military equipment exports up by 60 percent year-on-year

Czechia’s exports of military equipment reached CZK 48.9 billion last year, which represented a year-on-year increase of 60 percent, according to an annual report on foreign arms trade released on Thursday.

According to the report, the Ministry of Industry and Trade granted 1,580 licenses to export military material to 99 countries last year, amounting to nearly CZK 68.2 billion. The largest value of exports, worth over CZK 20 billion, was destined to Ukraine, which is facing a Russian military invasion.

The value of army material imported to Czechia in 2023 was over CZK 11.5 billion, almost triple the sum reported in 2022.