2023
Flag  
GDP
$343BCURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP GROWTH
61.1%CURRENT US$
Rnk 55 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC 
$31,591CURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP PC GROWTH
55.9%CURRENT US$
Rnk 36 / 195
2023
Flag
GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Czechia-Denmark Trade: In 2023, Czechia exported $2.11B to Denmark. The main products that Czechia exported to Denmark were Cars ($502M), Packaged Medicaments ($413M), and Computers ($81.5M). Over the past 5 years the exports of Czechia to Denmark have increased at an annualized rate of 3.89%, from $1.75B in 2018 to $2.11B in 2023.

In 2019, Czechia exported services to Denmark worth $268M, with Transportation ($127M), Travel ($60M), and Other business services ($53.1M) being the largest in terms of value.

Denmark-Czechia Trade: In 2023, Denmark exported $1.61B to Czechia. The main products that Denmark exported to Czechia were Packaged Medicaments ($521M), Other toys ($188M), and Vaccines, blood, antisera, toxins and cultures ($95.9M). Over the past 5 years the exports of Denmark to Czechia have increased at an annualized rate of 3.17%,  from $1.18B in 2018 to $1.61B in 2023.

In 2020, Denmark exported services to Czechia worth $276M, with Transportation ($176M), Other business services ($36.9M), and Computer and information services ($30.7M) being the largest in terms of value.

Comparison: In 2023,  Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Czechia exported $2.11B to Denmark. The main products exported from Czechia to Denmark were Cars ($502M), Packaged Medicaments ($413M), and Computers ($81.5M). During the last 5 years the exports of Czechia to Denmark have increased at an annualized rate of 3.89%, from $1.75B in 2018 to $2.11B in 2023.

In 2018, Denmark exported $1.61B to Czechia. The main products exported from Denmark to Czechia were Packaged Medicaments ($521M), Other toys ($188M), and Vaccines, blood, antisera, toxins and cultures ($95.9M). During the last 5 years the exports of Denmark to Czechia have increased at an annualized rate of 3.17%, from $1.18B in 2023 to $1.61B in 2018.

Exports from Czechia (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to Czechia (Flag) (2023)

Latest Data

Trade between Czechia (Flag) and Denmark (Flag)

Czechia Exports

Denmark Exports

Market Competitiveness

Color
Czechia
Top Destination
Germany$64.2B
Denmark
Top Destination
Germany$14.8B

This map shows whether countries import more from Czechia or Denmark. Each country is colored based on the difference in imports they receive from Czechia and Denmark or the difference in the growth in imports.

In 2023, countries that imported more from Czechia than Denmark included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Denmark than Czechia included Sweden ($11.2B), United States ($12B), and Norway ($4.75B).

Difference in imports from Denmark (Flag) and Czechia (Flag) (2023)

Comparative Advantage Czechia - Denmark

Flow
Scale

This chart compares trade between Czechia and Denmark by product, considering products traded by both, Czechia and Denmark.

During 2023, Czechia had a large net trade with Denmark in the exports of Transportation ($540M), Machines ($501M), and Chemical Products ($493M).

During 2018, Denmark had a large net trade with Czechia in the exports of Chemical Products ($668M), Miscellaneous ($220M), and Machines ($212M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Czechia Denmark+$83.8MCars
Top Product Potential Denmark Czechia+$22.3MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2019, Czechia exported services to Denmark worth $268M, with Transportation ($127M), Travel ($60M), and Other business services ($53.1M) being the largest in terms of value.

In 2020, Denmark exported services to Czechia worth $276M, with Transportation ($176M), Other business services ($36.9M), and Computer and information services ($30.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia (Flag) to Denmark (Flag) (2019)

Services Exports from Denmark (Flag) to Czechia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Czechia and Denmark. This means that a dot/product with the flag of Czechia indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Czechia.

Product Space of Czechia (Flag) and Denmark (Flag) (2023)

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