2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 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
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Denmark-Israel Trade: In 2023, Denmark exported $435M to Israel. The main products that Denmark exported to Israel were Packaged Medicaments ($148M), Fish Fillets ($39.4M), and Orthopedic Appliances ($18.7M). Over the past 5 years the exports of Denmark to Israel have increased at an annualized rate of 13.4%, from $232M in 2018 to $435M in 2023.

In 2009, Denmark exported services to Israel worth $245M, with Services not allocated ($118M), Transportation ($88.2M), and Other business services ($12.4M) being the largest in terms of value.

Israel-Denmark Trade: In 2023, Israel exported $105M to Denmark. The main products that Israel exported to Denmark were Medical Instruments ($14.4M), Packaged Medicaments ($11.2M), and Broadcasting Equipment ($8.87M). Over the past 5 years the exports of Israel to Denmark have increased at an annualized rate of 4.78%,  from $83.1M in 2018 to $105M in 2023.

In 2012, Israel exported services to Denmark worth $8.39M, with Computer and information services ($8.39M) 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $435M to Israel. The main products exported from Denmark to Israel were Packaged Medicaments ($148M), Fish Fillets ($39.4M), and Orthopedic Appliances ($18.7M). During the last 5 years the exports of Denmark to Israel have increased at an annualized rate of 13.4%, from $232M in 2018 to $435M in 2023.

In 2018, Israel exported $105M to Denmark. The main products exported from Israel to Denmark were Medical Instruments ($14.4M), Packaged Medicaments ($11.2M), and Broadcasting Equipment ($8.87M). During the last 5 years the exports of Israel to Denmark have increased at an annualized rate of 4.78%, from $83.1M in 2023 to $105M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Israel (Flag)

Denmark Exports

Israel Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Israel
Top Destination
United States$20.3B

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

In 2023, countries that imported more from Denmark than Israel included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

In 2023, countries that imported more from Israel than Denmark included United States ($20.3B), Ireland ($4.22B), and Egypt ($2.23B).

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

Comparative Advantage Denmark - Israel

Flow
Scale

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

During 2023, Denmark had a large net trade with Israel in the exports of Chemical Products ($188M), Machines ($60.4M), and Animal Products ($47M).

During 2018, Israel had a large net trade with Denmark in the exports of Machines ($30.1M), Instruments ($24.9M), and Chemical Products ($17.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Israel+$7.11MVaccines, blood, antisera, toxins and cultures
Top Product Potential Israel Denmark+$6.85MPackaged Medicaments

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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Economic Complexity

Competitive Landscape

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

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

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