Flag Denmark / Norway Flag

Exports Flag β†’ Flag  (2018): $5.74B, Rnk 5 / 211

Top Product Flag β†’ Flag (2018): $306M, Other Furniture

Exports Flag β†’ Flag (2018): $5.52B, Rnk 8 / 199

Top Product Flag β†’ Flag (2018): $1.66B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.03, Rnk 23 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 34 / 137

GDP Flag (2018): $356B, CURRENT US$
Rnk 36 / 196

GDP GROWTH Flag (2008-2018): 0.65%, CURRENT US$
Rnk 163 / 196

GDP Flag (2018): $434B, CURRENT US$
Rnk 27 / 196

GDP GROWTH Flag (2008-2018): -6.08%, CURRENT US$
Rnk 182 / 196

GDP PC Flag (2018): $61,350, CURRENT US$
Rnk 11 / 196

GDP PC GROWTH Flag (2008-2018): -4.62%, CURRENT US$
Rnk 160 / 196

GDP PC Flag (2018): $81,697, CURRENT US$
Rnk 5 / 196

GDP PC GROWTH Flag (2008-2018): -15.7%, CURRENT US$
Rnk 177 / 196

Denmark-Norway: In 2018, Denmark exported $5.74B to Norway. The main products exported from Denmark to Norway were Other Furniture ($306M), Refined Petroleum ($293M), and Electric Generating Sets ($156M). During the last 23 years the exports of Denmark to Norway have increased at an annualized rate of 3.65%, from $2.52B in 1995 to $5.74B in 2018. In 2016, Denmark exported services to Norway worth $3.61B, with Transportation ($1.33B), Travel ($1.15B), and Other business services ($774M) being the largest in terms of value.

Norway-Denmark: In 2018, Norway exported $5.52B to Denmark. The main products exported from Norway to Denmark were Crude Petroleum ($1.66B), Non-fillet Fresh Fish ($816M), and Refined Petroleum ($480M). During the last 23 years the exports of Norway to Denmark have increased at an annualized rate of 4.25%, from $2.12B in 1995 to $5.52B in 2018. 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 2018, Denmark ranked 23 in the Economic Complexity Index (ECI 1.03), and 37 in total exports ($101B). That same year, Norway ranked 34 in the Economic Complexity Index (ECI 0.85), and 33 in total exports ($127B). In terms of GDP Per Capita, Denmark was ranked 11 with a GDP Per Capita of $61,350, and Norway was ranked 5 with a GDP Per Capita of $81,697.

Bilateral Trade by Products

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Depth
Value

In 2018, Denmark exported $5.74B to Norway. The main products exported from Denmark to Norway were Other Furniture ($306M), Refined Petroleum ($293M), and Electric Generating Sets ($156M). During the last 23 years the exports of Denmark to Norway have increased at an annualized rate of 3.65%, from $2.52B in 1995 to $5.74B in 2018.

In 2018, Norway exported $5.52B to Denmark. The main products exported from Norway to Denmark were Crude Petroleum ($1.66B), Non-fillet Fresh Fish ($816M), and Refined Petroleum ($480M). During the last 23 years the exports of Norway to Denmark have increased at an annualized rate of 4.25%, from $2.12B in 1995 to $5.52B in 2018.

Market Competitiveness

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Measure

Denmark
Top Destination
: Germany, $15.5B

Norway
Top Destination
: United Kingdom, $25.8B

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 2018, countries that imported more from Denmark than Norway were United States ($8.57B), China ($4.57B), and Sweden ($11.2B).

In 2018, countries that imported more from Norway than Denmark were United Kingdom ($25.8B), Netherlands ($12.4B), and France ($8.73B).

Comparative Advantage Denmark - Norway

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Depth

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

During 2018, Denmark had a large net trade with Norway in the exports of Machines ($1.37B), Mineral Products ($569M), and Miscellaneous ($567M).

During 2018, Norway had a large net trade with Denmark in the exports of Mineral Products ($2.54B), Animal Products ($996M), and Metals ($439M).

Tariff Section

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This sections shows import tariffs for products traded between Denmark and Norway (using the HS6 product classification and the last year reported).

In 2017, the products from Denmark that paid the highest import tariffs to enter Norway were Sugar beet (178%) and Whey (173%).

In 2018, the products from Norway that paid the highest import tariffs to enter Denmark were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

Explore Tariff Data

*The tariffs present between Denmark and Norway are:
136: Most Favoured Nation duty rate treatement
281: Preferential tariff for Norway

Trade Forecasts

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This section shows a forecast for total trade between Denmark and Norway. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Denmark exported services to Norway worth $3.61B, with Transportation ($1.33B), Travel ($1.15B), and Other business services ($774M) being the largest in terms of value.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Denmark has comparative advantage over Norway. Similarly, the more red a dot/product is, the more Norway has comparative advantage over Denmark.