Denmark (DNK) and Italy (ITA) Trade | The Observatory of Economic Complexity

About

Denmark-Italy Trade: In 2023, Denmark exported $3.76B to Italy. The main products that Denmark exported to Italy were Packaged Medicaments ($345M), Pig Meat ($321M), and Electric Motor Parts ($207M). Over the past 5 years the exports of Denmark to Italy have increased at an annualized rate of 4.68%, from $2.99B in 2018 to $3.76B in 2023.

In 2020, Denmark exported services to Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

Italy-Denmark Trade: In 2023, Italy exported $4.22B to Denmark. The main products that Italy exported to Denmark were Wine ($159M), Valves ($99.3M), and Other Small Iron Pipes ($88.9M). Over the past 5 years the exports of Italy to Denmark have increased at an annualized rate of 4.24%, from $3.43B in 2018 to $4.22B in 2023.

In 2020, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $3.76B to Italy. The main products exported from Denmark to Italy were Packaged Medicaments ($345M), Pig Meat ($321M), and Electric Motor Parts ($207M). During the last 5 years the exports of Denmark to Italy have increased at an annualized rate of 4.68%, from $2.99B in 2018 to $3.76B in 2023.

In 2018, Italy exported $4.22B to Denmark. The main products exported from Italy to Denmark were Wine ($159M), Valves ($99.3M), and Other Small Iron Pipes ($88.9M). During the last 5 years the exports of Italy to Denmark have increased at an annualized rate of 4.24%, from $3.43B in 2023 to $4.22B in 2018.

Exports from Denmark () to Italy () (2023)

Exports from Italy () to Denmark () (2023)

Latest Data

Trade between Denmark () and Italy ()

Denmark Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Denmark than Italy included Sweden ($11.2B), Norway ($4.75B), and Greenland ($647M).

In 2023, countries that imported more from Italy than Denmark included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

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

Comparative Advantage Denmark - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Italy in the exports of Machines ($943M), Animal Products ($919M), and Chemical Products ($725M).

During 2018, Italy had a large net trade with Denmark in the exports of Machines ($1.1B), Foodstuffs ($517M), and Chemical Products ($440M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Italy+$198MPackaged Medicaments

Top Product Potential Italy Denmark+$90.3MPackaged 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.

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

Ita Year

Dnk Year

In 2020, Denmark exported services to Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

In 2020, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Italy () (2020)

Services Exports from Italy () to Denmark () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Italy () (2023)

Exports from Italy () to Denmark () (2023)

Latest Data

Trade between Denmark () and Italy ()

Denmark Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Denmark - Italy

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Denmark () to Italy () (2020)

Services Exports from Italy () to Denmark () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring