Slovakia (SVK) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Slovakia-Denmark Trade: In 2023, Slovakia exported $594M to Denmark. The main products that Slovakia exported to Denmark were Cars ($130M), Electric Motors ($34.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($28.8M). Over the past 5 years the exports of Slovakia to Denmark have decreased at an annualized rate of 0.96%, from $623M in 2018 to $594M in 2023.

In 2020, Slovakia exported services to Denmark worth $88.1M, with Transportation ($53.8M), Other business services ($12.9M), and Construction services ($9.48M) being the largest in terms of value.

Denmark-Slovakia Trade: In 2023, Denmark exported $377M to Slovakia. The main products that Denmark exported to Slovakia were Packaged Medicaments ($31.9M), Pig Meat ($27.9M), and Valves ($20.1M). Over the past 5 years the exports of Denmark to Slovakia have increased at an annualized rate of 1.62%, from $348M in 2018 to $377M in 2023.

In 2020, Denmark exported services to Slovakia worth $112M, with Transportation ($64.3M), Computer and information services ($13M), and Travel ($12.9M) being the largest in terms of value.

Comparison: In 2023, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $594M to Denmark. The main products exported from Slovakia to Denmark were Cars ($130M), Electric Motors ($34.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($28.8M). During the last 5 years the exports of Slovakia to Denmark have decreased at an annualized rate of 0.96%, from $623M in 2018 to $594M in 2023.

In 2018, Denmark exported $377M to Slovakia. The main products exported from Denmark to Slovakia were Packaged Medicaments ($31.9M), Pig Meat ($27.9M), and Valves ($20.1M). During the last 5 years the exports of Denmark to Slovakia have increased at an annualized rate of 1.62%, from $348M in 2023 to $377M in 2018.

Exports from Slovakia () to Denmark () (2023)

Exports from Denmark () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Denmark ()

Slovakia Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Slovakia than Denmark included Czechia ($11.1B), Germany ($21.5B), and Hungary ($7.34B).

In 2023, countries that imported more from Denmark than Slovakia included Sweden ($11.2B), Netherlands ($7.89B), and United States ($12B).

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

Comparative Advantage Slovakia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Denmark in the exports of Machines ($210M), Transportation ($164M), and Metals ($78.8M).

During 2018, Denmark had a large net trade with Slovakia in the exports of Machines ($90.2M), Chemical Products ($50.2M), and Animal Products ($43.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Denmark+$90.6MCars

Top Product Potential Denmark Slovakia+$23.8MPackaged 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

Dnk Year

Svk Year

In 2020, Slovakia exported services to Denmark worth $88.1M, with Transportation ($53.8M), Other business services ($12.9M), and Construction services ($9.48M) being the largest in terms of value.

In 2020, Denmark exported services to Slovakia worth $112M, with Transportation ($64.3M), Computer and information services ($13M), and Travel ($12.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Denmark () (2023)

Exports from Denmark () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Denmark ()

Slovakia Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Denmark

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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