2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 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
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186

About

Denmark-Turkey Trade: In 2022, Denmark exported $1.34B to Turkey. The main products that Denmark exported to Turkey were Scrap Iron ($453M), Packaged Medicaments ($155M), and Enzymes ($70.1M). Over the past 5 years the exports of Denmark to Turkey have increased at an annualized rate of 8.27%, from $900M in 2017 to $1.34B in 2022.

In 2020, Denmark exported services to Turkey worth $777M, with Transportation ($647M), Financial services ($30.6M), and Other business services ($27.9M) being the largest in terms of value.

Turkey-Denmark Trade: In 2022, Turkey exported $1.49B to Denmark. The main products that Turkey exported to Denmark were Non-Knit Men's Suits ($134M), Non-Knit Women's Suits ($113M), and Delivery Trucks ($82.4M). Over the past 5 years the exports of Turkey to Denmark have increased at an annualized rate of 6.44%,  from $1.09B in 2017 to $1.49B in 2022.

In 2009, Turkey exported services to Denmark worth $202M, with Travel ($198M), Other business services ($3.1M), and Insurance services ($1.03M) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $1.34B to Turkey. The main products exported from Denmark to Turkey were Scrap Iron ($453M), Packaged Medicaments ($155M), and Enzymes ($70.1M). During the last 5 years the exports of Denmark to Turkey have increased at an annualized rate of 8.27%, from $900M in 2017 to $1.34B in 2022.

In 2017, Turkey exported $1.49B to Denmark. The main products exported from Turkey to Denmark were Non-Knit Men's Suits ($134M), Non-Knit Women's Suits ($113M), and Delivery Trucks ($82.4M). During the last 5 years the exports of Turkey to Denmark have increased at an annualized rate of 6.44%, from $1.09B in 2022 to $1.49B in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Turkey (Flag)

Denmark Exports

Turkey Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Turkey
Top Destination
Germany$21.9B

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

In 2022, countries that imported more from Denmark than Turkey included Sweden ($11.6B), Norway ($6.53B), and China ($5.57B).

In 2022, countries that imported more from Turkey than Denmark included Iraq ($13.7B), Italy ($12.6B), and Russia ($9.24B).

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

Comparative Advantage Denmark - Turkey

Flow
Scale

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

During 2022, Denmark had a large net trade with Turkey in the exports of Metals ($507M), Chemical Products ($297M), and Machines ($256M).

During 2017, Turkey had a large net trade with Denmark in the exports of Textiles ($546M), Transportation ($292M), and Machines ($252M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Turkey+$67.1MPackaged Medicaments
Top Product Potential Turkey Denmark+$54.7MCars

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

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

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