Denmark

ECON COMPLEXITY (2018)

1.03

RANK 23 OF 137

PRODUCT EXPORTS (2018)

$101B

RANK 37 OF 222

EXPORTS PER CAPITA (2018)

$17.5K

RANK 147 OF 219

PRODUCT IMPORTS (2018)

$103B

RANK 35 OF 221

IMPORTS PER CAPITA (2018)

$17.8K

RANK 121 of 219

SERVICE EXPORTS (2017)

$64B

RANK 22 OF 139

SERVICE IMPORTS (2017)

$58.6B

RANK 23 OF 139

GDP (2018)

$356B

CURRENT US$
RANK 36 OF 196

GDP GROWTH (2008-2018)

0.65%

CURRENT US$
RANK 163 OF 196

GDP PC (2018)

$61,350

CURRENT US$
RANK 11 OF 196

GDP PC GROWTH (2008-2018)

-4.62%

Overview: In 2018 Denmark was the number 36 economy in the world in terms of GDP (current US$), the number 37 in total exports, the number 35 in total imports, and the number 23 most complex economy according to the Economic Complexity Index (ECI). In 2018, Denmark exported $101B and imported $103B, resulting in a negative trade balance of -$1.93B. In 2018, Denmark’s exports per capita were $17.5k and its imports per capita were $17.8k.

Trade: The top exports of Denmark are Packaged Medicaments($9.92B), Refined Petroleum ($2.75B), Pig Meat ($2.64B), Electric Generating Sets ($2.06B), and Cheese ($1.73B). The top imports of Denmark are Cars ($5.09B), Refined Petroleum ($4.52B), Passenger and Cargo Ships ($3.53B), Packaged Medicaments ($3.32B), and Crude Petroleum ($2.57B).

Destinations: Denmark exports mostly to Germany ($15.5B), Sweden ($11.2B), United States ($8.57B), United Kingdom ($7.78B), and Norway ($5.74B), and imports mostly from Germany ($22.6B), Sweden ($11.2B), Netherlands ($7.71B), China ($6.9B), and Norway ($5.52B).

Location: Denmark borders Germany by land and Norway, Poland, Sweden, and United Kingdom by sea.

Exports

In 2018 Denmark exported a total of $101B, making it the number 37 exporter in the world. During the last five reported years the exports of Denmark have changed by $1.06B from $100B in 2013 to $101B in 2018.

The most recent exports are led by Packaged Medicaments ($9.92B), Refined Petroleum ($2.75B), Pig Meat ($2.64B), Electric Generating Sets ($2.06B), and Cheese ($1.73B).

Imports

In 2018 Denmark imported $103B, making it the number 35 trade destination in the world. During the last five reported years the imports of Denmark changed by $6.35B from $97B in 2013 to $103B in 2018.

The most recent imports of Denmark are led by Cars ($5.09B), Refined Petroleum ($4.52B), Passenger and Cargo Ships ($3.53B), Packaged Medicaments ($3.32B), and Crude Petroleum ($2.57B).

Trade Balance

As of 2018 Denmark had a negative trade balance of $1.19B in net imports. As compared to their trade balance in 1995 when they had a positive trade balance of $2.51B in net exports.

Destinations

The most common destination for the exports of Denmark are Germany ($15.5B), Sweden ($11.2B), United States ($8.57B), United Kingdom ($7.78B), and Norway ($5.74B).

Origins

The most common import partners for Denmark are Germany ($22.6B), Sweden ($11.2B), Netherlands ($7.71B), China ($6.9B), and Norway ($5.52B).