Denmark (DNK) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Denmark-Thailand Trade: In 2023, Denmark exported $488M to Thailand. The main products that Denmark exported to Thailand were Raw Furskins ($144M), Packaged Medicaments ($74.5M), and Enzymes ($20.6M). Over the past 5 years the exports of Denmark to Thailand have increased at an annualized rate of 2.36%, from $434M in 2018 to $488M in 2023.

In 2020, Denmark exported services to Thailand worth $250M, with Transportation ($186M), Computer and information services ($17.7M), and Other business services ($12.6M) being the largest in terms of value.

Thailand-Denmark Trade: In 2023, Thailand exported $408M to Denmark. The main products that Thailand exported to Denmark were Jewellery ($49.9M), Leather Footwear ($24M), and Printed Circuit Boards ($20.4M). Over the past 5 years the exports of Thailand to Denmark have decreased at an annualized rate of 0.6%, from $421M in 2018 to $408M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $488M to Thailand. The main products exported from Denmark to Thailand were Raw Furskins ($144M), Packaged Medicaments ($74.5M), and Enzymes ($20.6M). During the last 5 years the exports of Denmark to Thailand have increased at an annualized rate of 2.36%, from $434M in 2018 to $488M in 2023.

In 2018, Thailand exported $408M to Denmark. The main products exported from Thailand to Denmark were Jewellery ($49.9M), Leather Footwear ($24M), and Printed Circuit Boards ($20.4M). During the last 5 years the exports of Thailand to Denmark have decreased at an annualized rate of 0.6%, from $421M in 2023 to $408M in 2018.

Exports from Denmark () to Thailand () (2023)

Exports from Thailand () to Denmark () (2023)

Latest Data

Trade between Denmark () and Thailand ()

Denmark Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Denmark than Thailand included Sweden ($11.2B), Germany ($14.8B), and Norway ($4.75B).

In 2023, countries that imported more from Thailand than Denmark included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Denmark - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Thailand in the exports of Animal Hides ($144M), Chemical Products ($133M), and Machines ($86.5M).

During 2018, Thailand had a large net trade with Denmark in the exports of Machines ($134M), Precious Metals ($52.6M), and Foodstuffs ($47.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Thailand+$28.4MPackaged Medicaments

Top Product Potential Thailand Denmark+$21.6MTelephones

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 Thailand. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Thailand () (2023)

Exports from Thailand () to Denmark () (2023)

Latest Data

Trade between Denmark () and Thailand ()

Denmark Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Denmark - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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