Denmark (DNK) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Denmark-Nepal Trade: In 2023, Denmark exported $4.14M to Nepal. The main products that Denmark exported to Nepal were Refrigerators ($1.12M), Spark-Ignition Engines ($305k), and Office Machine Parts ($285k). Over the past 5 years the exports of Denmark to Nepal have decreased at an annualized rate of 12.7%, from $8.16M in 2018 to $4.14M in 2023.

In 2023, Denmark did not export any services to Nepal.

Nepal-Denmark Trade: In 2023, Nepal exported $7.42M to Denmark. The main products that Nepal exported to Denmark were Other Cloth Articles ($2.07M), Knit Sweaters ($985k), and Gas Turbines ($843k). Over the past 5 years the exports of Nepal to Denmark have increased at an annualized rate of 10.3%, from $4.54M in 2018 to $7.42M in 2023.

In 2023, Nepal did not export any services to Denmark.

Comparison In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $4.14M to Nepal. The main products exported from Denmark to Nepal were Refrigerators ($1.12M), Spark-Ignition Engines ($305k), and Office Machine Parts ($285k). During the last 5 years the exports of Denmark to Nepal have decreased at an annualized rate of 12.7%, from $8.16M in 2018 to $4.14M in 2023.

In 2018, Nepal exported $7.42M to Denmark. The main products exported from Nepal to Denmark were Other Cloth Articles ($2.07M), Knit Sweaters ($985k), and Gas Turbines ($843k). During the last 5 years the exports of Nepal to Denmark have increased at an annualized rate of 10.3%, from $4.54M in 2023 to $7.42M in 2018.

Exports from Denmark () to Nepal () (2023)

Exports from Nepal () to Denmark () (2023)

Latest Data

Trade between Denmark () and Nepal ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Denmark than Nepal included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

In 2023, no countries were registered that imported more from Nepal than from Denmark.

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

Comparative Advantage Denmark - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Nepal in the exports of Machines ($2.7M), Animal Products ($373k), and Vegetable Products ($358k).

During 2018, Nepal had a large net trade with Denmark in the exports of Textiles ($4.66M), Machines ($1.06M), and Footwear and Headwear ($930k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Nepal+$725kMedical Instruments

Top Product Potential Nepal Denmark+$905kKnit Sweaters

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Nepal () (2023)

Exports from Nepal () to Denmark () (2023)

Latest Data

Trade between Denmark () and Nepal ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Denmark - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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