2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 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
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Denmark-Russia Trade: In 2022, Denmark exported $1.34B to Russia. The main products that Denmark exported to Russia were Passenger and Cargo Ships ($30.4M), Industrial Food Preperation Machinery ($24.8M), and Malt Extract ($21.2M). Over the past 5 years the exports of Denmark to Russia have increased at an annualized rate of 16.7%, from $622M in 2017 to $1.34B in 2022.

In 2020, Denmark exported services to Russia worth $734M, with Transportation ($577M), Other business services ($53.7M), and Construction services ($42.5M) being the largest in terms of value.

Russia-Denmark Trade: In 2022, Russia exported $2.63B to Denmark. The main products that Russia exported to Denmark were Semi-Finished Iron ($441M), Crude Petroleum ($61.4M), and Fuel Wood ($33.3M). Over the past 5 years the exports of Russia to Denmark have increased at an annualized rate of 46.6%,  from $388M in 2017 to $2.63B in 2022.

In 2020, Russia exported services to Denmark worth $221M, with Other business services ($134M), Transportation ($63.5M), and Computer and information services ($15.5M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $1.34B to Russia. The main products exported from Denmark to Russia were Passenger and Cargo Ships ($30.4M), Industrial Food Preperation Machinery ($24.8M), and Malt Extract ($21.2M). During the last 5 years the exports of Denmark to Russia have increased at an annualized rate of 16.7%, from $622M in 2017 to $1.34B in 2022.

In 2017, Russia exported $2.63B to Denmark. The main products exported from Russia to Denmark were Semi-Finished Iron ($441M), Crude Petroleum ($61.4M), and Fuel Wood ($33.3M). During the last 22 years the exports of Russia to Denmark have increased at an annualized rate of 46.6%, from $388M in 1995 to $2.63B in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Russia (Flag)

Denmark Exports

Russia Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Russia
Top Destination
China$101B

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

In 2022, countries that imported more from Denmark than Russia included Sweden ($11.6B), Norway ($6.53B), and Canada ($1.44B).

In 2022, countries that imported more from Russia than Denmark included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Denmark - Russia

Flow
Scale

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

During 2022, Denmark had a large net trade with Russia in the exports of Machines ($98.3M), Chemical Products ($59M), and Transportation ($42.1M).

During 2017, Russia had a large net trade with Denmark in the exports of Metals ($478M), Mineral Products ($79.5M), and Foodstuffs ($46.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Russia+$19.1MVaccines, blood, antisera, toxins and cultures
Top Product Potential Russia Denmark+$106MCrude Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Denmark exported services to Russia worth $734M, with Transportation ($577M), Other business services ($53.7M), and Construction services ($42.5M) being the largest in terms of value.

In 2020, Russia exported services to Denmark worth $221M, with Other business services ($134M), Transportation ($63.5M), and Computer and information services ($15.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (Flag) to Russia (Flag) (2020)

Services Exports from Russia (Flag) to Denmark (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with