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2023
Flag → Flag
Exports $353MRnk 44 / 217
2023
Flag → Flag
Top Product $51MExplosive Ammunition
2023
Flag → Flag
Exports $239MRnk 32 / 193
2023
Flag → Flag
Top Product $38.5MBedspreads
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Denmark-Ukraine Trade: In 2023, Denmark exported $353M to Ukraine. The main products that Denmark exported to Ukraine were Explosive Ammunition ($51M), Packaged Medicaments ($25.9M), and Animal Food ($19.2M). Over the past 5 years the exports of Denmark to Ukraine have increased at an annualized rate of 2.78%, from $307M in 2018 to $353M in 2023.

In 2023, Denmark did not export any services to Ukraine.

Ukraine-Denmark Trade: In 2023, Ukraine exported $239M to Denmark. The main products that Ukraine exported to Denmark were Bedspreads ($38.5M), Semi-Finished Iron ($24.2M), and Other Furniture ($16.9M). Over the past 5 years the exports of Ukraine to Denmark have decreased at an annualized rate of 2.75%,  from $274M in 2018 to $239M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $353M to Ukraine. The main products exported from Denmark to Ukraine were Explosive Ammunition ($51M), Packaged Medicaments ($25.9M), and Animal Food ($19.2M). During the last 5 years the exports of Denmark to Ukraine have increased at an annualized rate of 2.78%, from $307M in 2018 to $353M in 2023.

In 2018, Ukraine exported $239M to Denmark. The main products exported from Ukraine to Denmark were Bedspreads ($38.5M), Semi-Finished Iron ($24.2M), and Other Furniture ($16.9M). During the last 5 years the exports of Ukraine to Denmark have decreased at an annualized rate of 2.75%, from $274M in 2023 to $239M in 2018.

Exports from Denmark (Flag) to Ukraine (Flag) (2023)

Exports from Ukraine (Flag) to Denmark (Flag) (2023)

Latest Data

Trade between Denmark (Flag) and Ukraine (Flag)

Denmark Exports

Ukraine Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Ukraine
Top DestinationPoland$4.83B

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

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

In 2023, countries that imported more from Ukraine than Denmark included Romania ($3.56B), Turkey ($2.88B), and Moldova ($1.13B).

Difference in imports from Ukraine (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - Ukraine

Flow
Scale

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

During 2023, Denmark had a large net trade with Ukraine in the exports of Machines ($74.4M), Weapons ($51.2M), and Chemical Products ($48.9M).

During 2018, Ukraine had a large net trade with Denmark in the exports of Textiles ($63.8M), Machines ($40.8M), and Miscellaneous ($34.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Ukraine+$19.6MRefined Petroleum
Top Product Potential Ukraine Denmark+$6.56MSemi-Finished Iron

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

Product Space of Denmark (Flag) and Ukraine (Flag) (2023)

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