2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 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
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186

About

Denmark-United States Trade: In 2022, Denmark exported $13.1B to United States. The main products that Denmark exported to United States were Packaged Medicaments ($6.29B), Vaccines, blood, antisera, toxins and cultures ($304M), and Medical Instruments ($288M). Over the past 5 years the exports of Denmark to United States have increased at an annualized rate of 11.1%, from $7.76B in 2017 to $13.1B in 2022.

In 2020, Denmark exported services to United States worth $10.6B, with Transportation ($5.76B), Royalties and license fees ($2.56B), and Other business services ($912M) being the largest in terms of value.

United States-Denmark Trade: In 2022, United States exported $4.61B to Denmark. The main products that United States exported to Denmark were Crude Petroleum ($1.69B), Refined Petroleum ($219M), and Planes, Helicopters, and/or Spacecraft ($143M). Over the past 5 years the exports of United States to Denmark have increased at an annualized rate of 16.3%,  from $2.16B in 2017 to $4.61B in 2022.

In 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $13.1B to United States. The main products exported from Denmark to United States were Packaged Medicaments ($6.29B), Vaccines, blood, antisera, toxins and cultures ($304M), and Medical Instruments ($288M). During the last 5 years the exports of Denmark to United States have increased at an annualized rate of 11.1%, from $7.76B in 2017 to $13.1B in 2022.

In 2017, United States exported $4.61B to Denmark. The main products exported from United States to Denmark were Crude Petroleum ($1.69B), Refined Petroleum ($219M), and Planes, Helicopters, and/or Spacecraft ($143M). During the last 5 years the exports of United States to Denmark have increased at an annualized rate of 16.3%, from $2.16B in 2022 to $4.61B in 2017.

Exports from Denmark (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and United States (Flag)

Denmark Exports

United States Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
United States
Top Destination
Canada$308B

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

In 2022, countries that imported more from Denmark than United States included Sweden ($11.6B), Norway ($6.53B), and Greenland ($587M).

In 2022, countries that imported more from United States than Denmark included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - United States

Flow
Scale

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

During 2022, Denmark had a large net trade with United States in the exports of Chemical Products ($7.47B), Machines ($2.28B), and Instruments ($902M).

During 2017, United States had a large net trade with Denmark in the exports of Mineral Products ($1.95B), Machines ($647M), and Chemical Products ($537M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark United States+$210MVaccines, blood, antisera, toxins and cultures
Top Product Potential United States Denmark+$196MRefined 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Denmark and United States. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Denmark.

Product Space of Denmark (Flag) and United States (Flag) (2022)

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