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2022
Flag → Flag
Exports $262MRnk 58 / 215
2022
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Top Product $39.5MCrustaceans
2022
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Exports $1.44BRnk 15 / 218
2022
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Top Product $631MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.85Rnk 31 / 124
2022
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Economic Complexity (ECI) ECI 1.01Rnk 23 / 124
2022
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GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 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

Canada-Denmark In 2022, Canada exported $262M to Denmark. The main products that Canada exported to Denmark are Crustaceans ($39.5M), Fuel Wood ($18.1M), and Non-fillet Frozen Fish ($15.9M). During the last 27 years the exports of Canada to Denmark have increased at an annualized rate of 1.92%, from $157M in 1995 to $262M in 2022.

In 2020, Canada exported services to Denmark worth $138M, with Transportation ($96.2M), Royalties and license fees ($15.7M), and Travel ($14.9M) being the largest in terms of value.

Denmark-Canada In 2022, Denmark exported $1.44B to Canada. The main products that Denmark exported to Canada were Packaged Medicaments ($631M), Orthopedic Appliances ($80.2M), and Other Furniture ($31.5M). During the last 27 years the exports of Denmark to Canada have increased at an annualized rate of 7.04%, from $230M in 1995 to $1.44B in 2022.

In 2020, Denmark exported services to Canada worth $793M, with Transportation ($518M), Other business services ($98.3M), and Computer and information services ($59.4M) being the largest in terms of value.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

January, 2024

About

Overview In January 2024, Canada exported C$14.6M and imported C$304M from Denmark, resulting in a negative trade balance of C$290M. Between January 2023 and January 2024 the exports of Canada have decreased by C$-28.9M (-66.5%) from C$43.5M to C$14.6M, while imports increased by C$115M (60.7%) from C$189M to C$304M.

Trade In January 2024, the top exports of Canada to Denmark were Coal Briquettes (C$22.6M), Fuel Wood (C$5.49M), Vitamins (C$1.89M), LCDs (C$1.63M), and Crustaceans (C$1.18M). In January 2024 the top imports of Canada from Denmark were Packaged Medicaments (C$100M), Orthopedic Appliances (C$8.23M), Machinery Having Individual Functions (C$6.01M), Harvesting Machinery (C$3.44M), and Chemical Analysis Instruments (C$3.42M).

Origins In January 2024 the exports of Canada were mainly from Ontario (C$5.3M), Quebec (C$2.77M), Nova Scotia (C$1.84M), Newfoundland Labrador (C$1.51M), and Manitoba (C$1.2M), while imports destinations were mainly Ontario (C$211M), Quebec (C$66.5M), British Columbia (C$11.2M), Alberta (C$11.1M), and Nova Scotia (C$2.04M).

Growth In January 2024, the decrease in Canada's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Packaged Medicaments (C$-513k or -42.7%), Chemical Analysis Instruments (C$-389k or -34.7%), and Sawn Wood (C$-384k or -75.1%). In January 2024, the increase in Canada's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Packaged Medicaments (C$54.9M or 122%), Machinery Having Individual Functions (C$4.61M or 329%), and Orthopedic Appliances (C$2.75M or 50.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)C$-28.9M(-66.5%)
IMPORT GROWTH (January 2023 - January 2024)C$115M(60.7%)
MAIN EXPORTER (January 2024)OntarioC$5.3M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Denmark and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $262M to Denmark. The main products exported from Canada to Denmark were Crustaceans ($39.5M), Fuel Wood ($18.1M), and Non-fillet Frozen Fish ($15.9M). During the last 27 years the exports of Canada to Denmark have increased at an annualized rate of 1.92%, from $157M in 1995 to $262M in 2022.

In 2022, Denmark exported $1.44B to Canada. The main products exported from Denmark to Canada were Packaged Medicaments ($631M), Orthopedic Appliances ($80.2M), and Other Furniture ($31.5M). During the last 27 years the exports of Denmark to Canada have increased at an annualized rate of 7.04%, from $230M in 1995 to $1.44B in 2022.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Denmark
Top DestinationGermany$18.9B

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

In 2021, countries that imported more from Canada than Denmark were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Denmark than Canada were Germany ($18.9B), Sweden ($11.6B), and Poland ($4.78B).

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

Comparative Advantage Canada - Denmark

Flow
Scale

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

During 2022, Canada had a large net trade with Denmark in the exports of Animal Products ($60.1M), Machines ($52.3M), and Instruments ($38.7M).

During 2022, Denmark had a large net trade with Canada in the exports of Chemical Products ($702M), Machines ($223M), and Instruments ($126M).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Denmark worth $138M, with Transportation ($96.2M), Royalties and license fees ($15.7M), and Travel ($14.9M) being the largest in terms of value.

In 2020, Denmark exported services to Canada worth $793M, with Transportation ($518M), Other business services ($98.3M), and Computer and information services ($59.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Canada.

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

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