2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 186

About

Denmark-Czechia Trade: In 2022, Denmark exported $1.1B to Czechia. The main products that Denmark exported to Czechia were Packaged Medicaments ($218M), Vaccines, blood, antisera, toxins and cultures ($72.4M), and Other toys ($67.1M). Over the past 5 years the exports of Denmark to Czechia have increased at an annualized rate of 8.2%, from $744M in 2017 to $1.1B in 2022.

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 2022, Czechia exported $2.2B to Denmark. The main products that Czechia exported to Denmark were Packaged Medicaments ($437M), Cars ($314M), and Computers ($102M). Over the past 5 years the exports of Czechia to Denmark have increased at an annualized rate of 5.01%,  from $1.72B in 2017 to $2.2B in 2022.

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 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $1.1B to Czechia. The main products exported from Denmark to Czechia were Packaged Medicaments ($218M), Vaccines, blood, antisera, toxins and cultures ($72.4M), and Other toys ($67.1M). During the last 5 years the exports of Denmark to Czechia have increased at an annualized rate of 8.2%, from $744M in 2017 to $1.1B in 2022.

In 2017, Czechia exported $2.2B to Denmark. The main products exported from Czechia to Denmark were Packaged Medicaments ($437M), Cars ($314M), and Computers ($102M). During the last 5 years the exports of Czechia to Denmark have increased at an annualized rate of 5.01%, from $1.72B in 2022 to $2.2B in 2017.

Exports from Denmark (Flag) to Czechia (Flag) (2022)

Exports from Czechia (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Czechia (Flag)

Denmark Exports

Czechia Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Czechia
Top Destination
Germany$75.3B

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 2022, countries that imported more from Denmark than Czechia included Sweden ($11.6B), United States ($13.1B), and Norway ($6.53B).

In 2022, countries that imported more from Czechia than Denmark included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

Difference in imports from Czechia (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - Czechia

Flow
Scale

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

During 2022, Denmark had a large net trade with Czechia in the exports of Chemical Products ($336M), Machines ($213M), and Miscellaneous ($100M).

During 2017, Czechia had a large net trade with Denmark in the exports of Machines ($631M), Chemical Products ($517M), and Transportation ($356M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Czechia (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

Product Space of Denmark (Flag) and Czechia (Flag) (2022)

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