Denmark (DNK) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Denmark-Romania Trade: In 2022, Denmark exported $358M to Romania. The main products that Denmark exported to Romania were Packaged Medicaments ($136M), Pig Meat ($17.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.7M). Over the past 5 years the exports of Denmark to Romania have increased at an annualized rate of 39.8%, from $67.1M in 2017 to $358M in 2022.

In 2020, Denmark exported services to Romania worth $194M, with Transportation ($74.5M), Travel ($69.4M), and Other business services ($15.3M) being the largest in terms of value.

Romania-Denmark Trade: In 2022, Romania exported $325M to Denmark. The main products that Romania exported to Denmark were Vacuum Cleaners ($27.9M), Cars ($23.5M), and Other Heating Machinery ($19.1M). Over the past 5 years the exports of Romania to Denmark have increased at an annualized rate of 76.2%, from $19.2M in 2017 to $325M in 2022.

In 2020, Romania exported services to Denmark worth $361M, with Transportation ($229M), Computer and information services ($62.2M), and Other business services ($42.7M) 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Denmark exported $358M to Romania. The main products exported from Denmark to Romania were Packaged Medicaments ($136M), Pig Meat ($17.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.7M). During the last 5 years the exports of Denmark to Romania have increased at an annualized rate of 39.8%, from $67.1M in 2017 to $358M in 2022.

In 2017, Romania exported $325M to Denmark. The main products exported from Romania to Denmark were Vacuum Cleaners ($27.9M), Cars ($23.5M), and Other Heating Machinery ($19.1M). During the last 22 years the exports of Romania to Denmark have increased at an annualized rate of 76.2%, from $19.2M in 1995 to $325M in 2017.

Exports from Denmark () to Romania () (2022)

Exports from Romania () to Denmark () (2022)

Latest Data

Trade between Denmark () and Romania ()

Denmark Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$18.9B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Denmark than Romania included Sweden ($11.6B), United States ($13.1B), and Norway ($6.53B).

In 2022, countries that imported more from Romania than Denmark included Italy ($9.55B), Hungary ($6.75B), and Bulgaria ($3.9B).

Difference in imports from Romania () and Denmark () (2022)

Comparative Advantage Denmark - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Denmark had a large net trade with Romania in the exports of Chemical Products ($174M), Machines ($105M), and Animal Products ($73.5M).

During 2017, Romania had a large net trade with Denmark in the exports of Machines ($143M), Metals ($75.8M), and Textiles ($50.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Romania+$53MPackaged Medicaments

Top Product Potential Romania Denmark+$17MCars

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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Bilateral Service Trade

Rou Year

Dnk Year

In 2020, Denmark exported services to Romania worth $194M, with Transportation ($74.5M), Travel ($69.4M), and Other business services ($15.3M) being the largest in terms of value.

In 2020, Romania exported services to Denmark worth $361M, with Transportation ($229M), Computer and information services ($62.2M), and Other business services ($42.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Romania () 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 Romania. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Denmark.

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Romania () (2022)

Exports from Romania () to Denmark () (2022)

Latest Data

Trade between Denmark () and Romania ()

Denmark Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Denmark () (2022)

Comparative Advantage Denmark - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Denmark () and Romania () (2022)

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