Denmark (DNK) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Denmark-Russia Trade: In 2023, Denmark exported $86.7M to Russia. The main products that Denmark exported to Russia were Leather Footwear ($10.7M), Medical Instruments ($5.82M), and Malt Extract ($5.71M). Over the past 5 years the exports of Denmark to Russia have decreased at an annualized rate of 42.6%, from $1.39B in 2018 to $86.7M in 2023.

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 2023, Russia exported $347M to Denmark. The main products that Russia exported to Denmark were Semi-Finished Iron ($286M), Non-fillet Frozen Fish ($20.8M), and Other Vegetable Residues ($12.1M). Over the past 5 years the exports of Russia to Denmark have decreased at an annualized rate of 30.9%, from $2.21B in 2018 to $347M in 2023.

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 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $86.7M to Russia. The main products exported from Denmark to Russia were Leather Footwear ($10.7M), Medical Instruments ($5.82M), and Malt Extract ($5.71M). During the last 5 years the exports of Denmark to Russia have decreased at an annualized rate of 42.6%, from $1.39B in 2018 to $86.7M in 2023.

In 2018, Russia exported $347M to Denmark. The main products exported from Russia to Denmark were Semi-Finished Iron ($286M), Non-fillet Frozen Fish ($20.8M), and Other Vegetable Residues ($12.1M). During the last 5 years the exports of Russia to Denmark have decreased at an annualized rate of 30.9%, from $2.21B in 2023 to $347M in 2018.

Exports from Denmark () to Russia () (2023)

Exports from Russia () to Denmark () (2023)

Latest Data

Trade between Denmark () and Russia ()

Denmark Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Russia than Denmark included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Denmark - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Russia in the exports of Machines ($18.3M), Footwear and Headwear ($14.2M), and Chemical Products ($13.4M).

During 2018, Russia had a large net trade with Denmark in the exports of Metals ($292M), Animal Products ($27.1M), and Foodstuffs ($22.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

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Bilateral Service Trade

Rus Year

Dnk Year

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 () to Russia () (2020)

Services Exports from Russia () 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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Russia () (2023)

Exports from Russia () to Denmark () (2023)

Latest Data

Trade between Denmark () and Russia ()

Denmark Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Denmark - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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