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2022
Flag → Flag
Exports $733MRnk 22 / 203
2022
Flag → Flag
Top Product $168MCars
2022
Flag → Flag
Exports $386MRnk 41 / 218
2022
Flag → Flag
Top Product $29.7MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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GDP PC $21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186
2022
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GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Slovakia-Denmark Trade: In 2022, Slovakia exported $733M to Denmark. The main products that Slovakia exported to Denmark were Cars ($168M), Electric Motors ($33.5M), and Seats ($26.7M). Over the past 5 years the exports of Slovakia to Denmark have increased at an annualized rate of 0.96%, from $698M in 2017 to $733M in 2022.

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 2022, Denmark exported $386M to Slovakia. The main products that Denmark exported to Slovakia were Packaged Medicaments ($29.7M), Pig Meat ($14.6M), and Other Plastic Products ($14.1M). Over the past 5 years the exports of Denmark to Slovakia have increased at an annualized rate of 5.41%,  from $296M in 2017 to $386M in 2022.

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 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $733M to Denmark. The main products exported from Slovakia to Denmark were Cars ($168M), Electric Motors ($33.5M), and Seats ($26.7M). During the last 5 years the exports of Slovakia to Denmark have increased at an annualized rate of 0.96%, from $698M in 2017 to $733M in 2022.

In 2017, Denmark exported $386M to Slovakia. The main products exported from Denmark to Slovakia were Packaged Medicaments ($29.7M), Pig Meat ($14.6M), and Other Plastic Products ($14.1M). During the last 5 years the exports of Denmark to Slovakia have increased at an annualized rate of 5.41%, from $296M in 2022 to $386M in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Denmark (Flag)

Slovakia Exports

Denmark Exports

Market Competitiveness

Color
Slovakia
Top DestinationGermany$22.2B
Denmark
Top DestinationGermany$18.9B

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 2022, countries that imported more from Slovakia than Denmark included Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

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

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

Comparative Advantage Slovakia - Denmark

Flow
Scale

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

During 2022, Slovakia had a large net trade with Denmark in the exports of Machines ($249M), Transportation ($200M), and Metals ($114M).

During 2017, Denmark had a large net trade with Slovakia in the exports of Machines ($76.8M), Metals ($55M), and Chemical Products ($54.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Denmark (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

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

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