Denmark (DNK) and Czechia (CZE) Trade | The Observatory of Economic Complexity

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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 6.43%, 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.

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 1.75%, 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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 6.43%, from $1.18B in 2018 to $1.61B in 2023.

In 2018, 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 1.75%, from $1.75B in 2023 to $2.11B in 2018.

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

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

Latest Data

Trade between Denmark () and Czechia ()

Denmark Exports

Date

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Czechia
Top DestinationGermany$64.2B

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

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

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

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

Comparative Advantage Denmark - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Czechia in the exports of Chemical Products ($668M), Miscellaneous ($220M), and Machines ($212M).

During 2018, Czechia had a large net trade with Denmark in the exports of Transportation ($540M), Machines ($501M), and Chemical Products ($493M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Czechia+$22.3MPackaged Medicaments

Top Product Potential Czechia Denmark+$83.8MCars

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

Cze Year

Dnk Year

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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Denmark () and Czechia ()

Denmark Exports

Czechia Exports

Market Competitiveness

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

Comparative Advantage Denmark - Czechia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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