2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
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 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC 
$68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195
2023
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GDP PC
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Denmark-Finland Trade: In 2023, Denmark exported $1.94B to Finland. The main products that Denmark exported to Finland were Packaged Medicaments ($258M), Cheese ($98.2M), and Electric Generating Sets ($75.8M). Over the past 5 years the exports of Denmark to Finland have increased at an annualized rate of 1.34%, from $1.82B in 2018 to $1.94B in 2023.

In 2020, Denmark exported services to Finland worth $1.48B, with Transportation ($445M), Other business services ($428M), and Computer and information services ($353M) being the largest in terms of value.

Finland-Denmark Trade: In 2023, Finland exported $1.39B to Denmark. The main products that Finland exported to Denmark were Hot-Rolled Iron ($47.3M), Electrical Transformers ($46.2M), and Mixed Mineral or Chemical Fertilizers ($39.6M). Over the past 5 years the exports of Finland to Denmark have decreased at an annualized rate of 0.25%,  from $1.41B in 2018 to $1.39B in 2023.

In 2020, Finland exported services to Denmark worth $826M, with Computer and information services ($371M), Other business services ($232M), and Transportation ($126M) being the largest in terms of value.

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $1.94B to Finland. The main products exported from Denmark to Finland were Packaged Medicaments ($258M), Cheese ($98.2M), and Electric Generating Sets ($75.8M). During the last 5 years the exports of Denmark to Finland have increased at an annualized rate of 1.34%, from $1.82B in 2018 to $1.94B in 2023.

In 2018, Finland exported $1.39B to Denmark. The main products exported from Finland to Denmark were Hot-Rolled Iron ($47.3M), Electrical Transformers ($46.2M), and Mixed Mineral or Chemical Fertilizers ($39.6M). During the last 5 years the exports of Finland to Denmark have decreased at an annualized rate of 0.25%, from $1.41B in 2023 to $1.39B in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Finland (Flag)

Denmark Exports

Finland Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Finland
Top Destination
United States$9.68B

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

In 2023, countries that imported more from Denmark than Finland included Germany ($14.8B), Sweden ($11.2B), and United Kingdom ($5.81B).

In 2023, countries that imported more from Finland than Denmark included Estonia ($2.4B), Russia ($708M), and Latvia ($1.1B).

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

Comparative Advantage Denmark - Finland

Flow
Scale

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

During 2023, Denmark had a large net trade with Finland in the exports of Machines ($458M), Chemical Products ($440M), and Foodstuffs ($196M).

During 2018, Finland had a large net trade with Denmark in the exports of Machines ($361M), Metals ($282M), and Chemical Products ($117M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Finland+$16.1MRefined Petroleum
Top Product Potential Finland Denmark+$27.8MRefined 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.

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Bilateral Service Trade

In 2020, Denmark exported services to Finland worth $1.48B, with Transportation ($445M), Other business services ($428M), and Computer and information services ($353M) being the largest in terms of value.

In 2020, Finland exported services to Denmark worth $826M, with Computer and information services ($371M), Other business services ($232M), and Transportation ($126M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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