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2022
Flag → Flag
Exports $433MRnk 40 / 218
2022
Flag → Flag
Top Product $60.6MRaw Furskins
2022
Flag → Flag
Exports $448MRnk 49 / 218
2022
Flag → Flag
Top Product $53.1MJewellery
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Denmark-Thailand Trade: In 2022, Denmark exported $433M to Thailand. The main products that Denmark exported to Thailand were Raw Furskins ($60.6M), Packaged Medicaments ($59.1M), and Enzymes ($16.3M). Over the past 5 years the exports of Denmark to Thailand have increased at an annualized rate of 3.47%, from $365M in 2017 to $433M in 2022.

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 2022, Thailand exported $448M to Denmark. The main products that Thailand exported to Denmark were Jewellery ($53.1M), Electrical Control Boards ($37.3M), and Printed Circuit Boards ($24.6M). Over the past 5 years the exports of Thailand to Denmark have increased at an annualized rate of 0.98%,  from $427M in 2017 to $448M in 2022.

In 2022, Thailand did not export any services to Denmark.

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $433M to Thailand. The main products exported from Denmark to Thailand were Raw Furskins ($60.6M), Packaged Medicaments ($59.1M), and Enzymes ($16.3M). During the last 5 years the exports of Denmark to Thailand have increased at an annualized rate of 3.47%, from $365M in 2017 to $433M in 2022.

In 2017, Thailand exported $448M to Denmark. The main products exported from Thailand to Denmark were Jewellery ($53.1M), Electrical Control Boards ($37.3M), and Printed Circuit Boards ($24.6M). During the last 5 years the exports of Thailand to Denmark have increased at an annualized rate of 0.98%, from $427M in 2022 to $448M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Thailand (Flag)

Denmark Exports

Thailand Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Thailand
Top DestinationUnited States$53.4B

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 2022, countries that imported more from Denmark than Thailand included Germany ($18.9B), Sweden ($11.6B), and Norway ($6.53B).

In 2022, countries that imported more from Thailand than Denmark included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Denmark - Thailand

Flow
Scale

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

During 2022, Denmark had a large net trade with Thailand in the exports of Chemical Products ($117M), Machines ($102M), and Animal Hides ($61.2M).

During 2017, Thailand had a large net trade with Denmark in the exports of Machines ($157M), Precious Metals ($56.2M), and Foodstuffs ($37.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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