2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Denmark-Hong Kong Trade: In 2023, Denmark exported $648M to Hong Kong. The main products that Denmark exported to Hong Kong were Passenger and Cargo Ships ($406M), Packaged Medicaments ($38M), and Microphones and Headphones ($9.9M). Over the past 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 4.93%, from $835M in 2018 to $648M in 2023.

In 2020, Denmark exported services to Hong Kong worth $1.86B, with Transportation ($1.78B), Other business services ($24.8M), and Computer and information services ($21.9M) being the largest in terms of value.

Hong Kong-Denmark Trade: In 2023, Hong Kong exported $510M to Denmark. The main products that Hong Kong exported to Denmark were Passenger and Cargo Ships ($373M), Buses ($14.3M), and Light Fixtures ($6.64M). Over the past 5 years the exports of Hong Kong to Denmark have increased at an annualized rate of 26.2%,  from $160M in 2018 to $510M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $648M to Hong Kong. The main products exported from Denmark to Hong Kong were Passenger and Cargo Ships ($406M), Packaged Medicaments ($38M), and Microphones and Headphones ($9.9M). During the last 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 4.93%, from $835M in 2018 to $648M in 2023.

In 2018, Hong Kong exported $510M to Denmark. The main products exported from Hong Kong to Denmark were Passenger and Cargo Ships ($373M), Buses ($14.3M), and Light Fixtures ($6.64M). During the last 5 years the exports of Hong Kong to Denmark have increased at an annualized rate of 26.2%, from $160M in 2023 to $510M in 2018.

Exports from Denmark (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Denmark (Flag) (2023)

Latest Data

Trade between Denmark (Flag) and Hong Kong (Flag)

Denmark Exports

Hong Kong Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from Denmark than Hong Kong included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

In 2023, countries that imported more from Hong Kong than Denmark included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - Hong Kong

Flow
Scale

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

During 2023, Denmark had a large net trade with Hong Kong in the exports of Transportation ($409M), Machines ($62.8M), and Chemical Products ($53.2M).

During 2018, Hong Kong had a large net trade with Denmark in the exports of Transportation ($388M), Machines ($49.1M), and Instruments ($14.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Hong Kong+$21.5MPackaged Medicaments
Top Product Potential Hong Kong Denmark+$9.17MTelephones

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

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

Product Space of Denmark (Flag) and Hong Kong (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