2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Denmark-Norway Trade: In 2022, Denmark exported $5.73B to Norway. The main products that Denmark exported to Norway were Electricity ($370M), Other Furniture ($338M), and Refined Petroleum ($245M). Over the past 5 years the exports of Denmark to Norway have increased at an annualized rate of 15.6%, from $2.77B in 2017 to $5.73B in 2022.

In 2020, Denmark exported services to Norway worth $3.74B, with Transportation ($1.27B), Other business services ($964M), and Computer and information services ($627M) being the largest in terms of value.

Norway-Denmark Trade: In 2022, Norway exported $4.84B to Denmark. The main products that Norway exported to Denmark were Electricity ($1.35B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($926M). Over the past 5 years the exports of Norway to Denmark have increased at an annualized rate of 17.1%,  from $2.2B in 2017 to $4.84B in 2022.

In 2009, Norway exported services to Denmark worth $2.71B, with Other business services ($942M), Travel ($633M), and Transportation ($486M) being the largest in terms of value.

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $5.73B to Norway. The main products exported from Denmark to Norway were Electricity ($370M), Other Furniture ($338M), and Refined Petroleum ($245M). During the last 5 years the exports of Denmark to Norway have increased at an annualized rate of 15.6%, from $2.77B in 2017 to $5.73B in 2022.

In 2017, Norway exported $4.84B to Denmark. The main products exported from Norway to Denmark were Electricity ($1.35B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($926M). During the last 22 years the exports of Norway to Denmark have increased at an annualized rate of 17.1%, from $2.2B in 1995 to $4.84B in 2017.

Exports from Denmark (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Norway (Flag)

Denmark Exports

Norway Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Denmark than Norway included United States ($13.1B), Japan ($2.28B), and Australia ($1.27B).

In 2022, countries that imported more from Norway than Denmark included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - Norway

Flow
Scale

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

During 2022, Denmark had a large net trade with Norway in the exports of Machines ($1.28B), Mineral Products ($817M), and Chemical Products ($641M).

During 2017, Norway had a large net trade with Denmark in the exports of Mineral Products ($3.13B), Animal Products ($1.26B), and Metals ($645M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Norway+$23.6MPackaged Medicaments
Top Product Potential Norway Denmark+$177MPetroleum Gas

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 Norway. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Denmark.

Product Space of Denmark (Flag) and Norway (Flag) (2022)

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