Denmark (DNK) and China (CHN) Trade | The Observatory of Economic Complexity

About

Denmark-China Trade: In 2023, Denmark exported $5.91B to China. The main products that Denmark exported to China were Hormones ($1.52B), Packaged Medicaments ($828M), and Non-fillet Frozen Fish ($307M). Over the past 5 years the exports of Denmark to China have increased at an annualized rate of 5.39%, from $4.55B in 2018 to $5.91B in 2023.

In 2020, Denmark exported services to China worth $2.87B, with Transportation ($2.24B), Royalties and license fees ($288M), and Other business services ($122M) being the largest in terms of value.

China-Denmark Trade: In 2023, China exported $8.63B to Denmark. The main products that China exported to Denmark were Packaged Medicaments ($465M), Special Purpose Ships ($330M), and Electrical Transformers ($266M). Over the past 5 years the exports of China to Denmark have increased at an annualized rate of 1.98%, from $7.82B in 2018 to $8.63B in 2023.

In 2023, China did not export any services to Denmark.

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $5.91B to China. The main products exported from Denmark to China were Hormones ($1.52B), Packaged Medicaments ($828M), and Non-fillet Frozen Fish ($307M). During the last 5 years the exports of Denmark to China have increased at an annualized rate of 5.39%, from $4.55B in 2018 to $5.91B in 2023.

In 2018, China exported $8.63B to Denmark. The main products exported from China to Denmark were Packaged Medicaments ($465M), Special Purpose Ships ($330M), and Electrical Transformers ($266M). During the last 5 years the exports of China to Denmark have increased at an annualized rate of 1.98%, from $7.82B in 2023 to $8.63B in 2018.

Exports from Denmark () to China () (2023)

Exports from China () to Denmark () (2023)

Latest Data

Trade between Denmark () and China ()

Denmark Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Denmark than China included Greenland ($647M), Sweden ($11.2B), and Gibraltar ($54.9M).

In 2023, countries that imported more from China than Denmark included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Denmark - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with China in the exports of Chemical Products ($2.76B), Animal Products ($1.21B), and Machines ($867M).

During 2018, China had a large net trade with Denmark in the exports of Machines ($2.83B), Textiles ($1.34B), and Miscellaneous ($906M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark China+$327MPackaged Medicaments

Top Product Potential China Denmark+$202MComputers

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

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to China () (2023)

Exports from China () to Denmark () (2023)

Latest Data

Trade between Denmark () and China ()

Denmark Exports

China Exports

Market Competitiveness

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

Comparative Advantage Denmark - China

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring