2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 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
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Denmark-Norway Trade: In 2023, Denmark exported $4.75B to Norway. The main products that Denmark exported to Norway were Fish Oil ($257M), Other Furniture ($235M), and Packaged Medicaments ($225M). Over the past 5 years the exports of Denmark to Norway have decreased at an annualized rate of 0.82%, from $4.95B in 2018 to $4.75B in 2023.

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 2023, Norway exported $12.7B to Denmark. The main products that Norway exported to Denmark were Petroleum Gas ($7.76B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($617M). Over the past 5 years the exports of Norway to Denmark have increased at an annualized rate of 17.9%,  from $5.58B in 2018 to $12.7B in 2023.

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 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $4.75B to Norway. The main products exported from Denmark to Norway were Fish Oil ($257M), Other Furniture ($235M), and Packaged Medicaments ($225M). During the last 5 years the exports of Denmark to Norway have decreased at an annualized rate of 0.82%, from $4.95B in 2018 to $4.75B in 2023.

In 2018, Norway exported $12.7B to Denmark. The main products exported from Norway to Denmark were Petroleum Gas ($7.76B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($617M). During the last 5 years the exports of Norway to Denmark have increased at an annualized rate of 17.9%, from $5.58B in 2023 to $12.7B in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Norway (Flag)

Denmark Exports

Norway Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Norway
Top Destination
Germany$33.8B

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 2023, countries that imported more from Denmark than Norway included United States ($12B), China ($5.91B), and Canada ($1.97B).

In 2023, countries that imported more from Norway than Denmark included United Kingdom ($32.6B), Germany ($33.8B), and Belgium ($9.55B).

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

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 2023, Denmark had a large net trade with Norway in the exports of Machines ($834M), Foodstuffs ($630M), and Chemical Products ($506M).

During 2018, Norway had a large net trade with Denmark in the exports of Mineral Products ($9.13B), Animal Products ($1.24B), and Metals ($910M).

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) (2023)

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