2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Canada-Denmark Trade: In 2023, Canada exported $351M to Denmark. The main products that Canada exported to Denmark were Non-fillet Frozen Fish ($47.6M), Fuel Wood ($46.9M), and Crustaceans ($38.1M). Over the past 5 years the exports of Canada to Denmark have decreased at an annualized rate of 3.2%, from $413M in 2018 to $351M in 2023.

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 Trade: In 2023, Denmark exported $1.97B to Canada. The main products that Denmark exported to Canada were Packaged Medicaments ($1.03B), Orthopedic Appliances ($105M), and Vaccines, blood, antisera, toxins and cultures ($63.3M). Over the past 5 years the exports of Denmark to Canada have increased at an annualized rate of 10.5%,  from $1.19B in 2018 to $1.97B in 2023.

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 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). 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
Value

In 2023, Canada exported $351M to Denmark. The main products exported from Canada to Denmark were Non-fillet Frozen Fish ($47.6M), Fuel Wood ($46.9M), and Crustaceans ($38.1M). During the last 5 years the exports of Canada to Denmark have decreased at an annualized rate of 3.2%, from $413M in 2018 to $351M in 2023.

In 2018, Denmark exported $1.97B to Canada. The main products exported from Denmark to Canada were Packaged Medicaments ($1.03B), Orthopedic Appliances ($105M), and Vaccines, blood, antisera, toxins and cultures ($63.3M). During the last 5 years the exports of Denmark to Canada have increased at an annualized rate of 10.5%, from $1.19B in 2023 to $1.97B in 2018.

Exports from Canada (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Denmark
Top Destination
Germany$14.8B

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 2023, countries that imported more from Canada than Denmark included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Denmark than Canada included Sweden ($11.2B), Germany ($14.8B), and Poland ($4.6B).

Difference in imports from Denmark (Flag) and Canada (Flag) (2023)

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 2023, Canada had a large net trade with Denmark in the exports of Animal Products ($88.9M), Machines ($61.3M), and Wood Products ($49.6M).

During 2018, Denmark had a large net trade with Canada in the exports of Chemical Products ($1.16B), Machines ($277M), and Instruments ($173M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Denmark+$8.2MPackaged Medicaments
Top Product Potential Denmark Canada+$28.5MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Canada (Flag) and Denmark (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with