Denmark (DNK) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

Denmark-Venezuela In 2022, Denmark exported $8.34M to Venezuela. The main products that Denmark exported to Venezuela are Waxes ($1.14M), Industrial Food Preperation Machinery ($1.06M), and Computers ($682k). During the last 27 years the exports of Denmark to Venezuela have decreased at an annualized rate of 7.26%, from $63.9M in 1995 to $8.34M in 2022.

In 2020, Denmark exported services to Venezuela worth $4.57M, with Transportation ($2.4M), Government services, n.i.e. ($1.48M), and Other business services ($343k) being the largest in terms of value.

Venezuela-Denmark In 2022, Venezuela exported $292k to Denmark. The main products that Venezuela exported to Denmark were Hard Liquor ($254k), Office Machine Parts ($34.3k), and Medical Instruments ($2.08k). During the last 27 years the exports of Venezuela to Denmark have decreased at an annualized rate of 15.2%, from $24.8M in 1995 to $292k in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Denmark exported $8.34M to Venezuela. The main products exported from Denmark to Venezuela were Waxes ($1.14M), Industrial Food Preperation Machinery ($1.06M), and Computers ($682k). During the last 27 years the exports of Denmark to Venezuela have decreased at an annualized rate of 7.26%, from $63.9M in 1995 to $8.34M in 2022.

In 2022, Venezuela exported $292k to Denmark. The main products exported from Venezuela to Denmark were Hard Liquor ($254k), Office Machine Parts ($34.3k), and Medical Instruments ($2.08k). During the last 27 years the exports of Venezuela to Denmark have decreased at an annualized rate of 15.2%, from $24.8M in 1995 to $292k in 2022.

Exports from Denmark () to Venezuela () (2022)

Exports from Venezuela () to Denmark () (2022)

Latest Data

Trade between Denmark () and Venezuela ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$18.9B

Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Denmark than Venezuela were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2021, countries that imported more from Venezuela than Denmark were Lebanon ($150M), Guatemala ($84.5M), and Montenegro ($75.9M).

Difference in imports from Venezuela () and Denmark () (2022)

Comparative Advantage Denmark - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Denmark had a large net trade with Venezuela in the exports of Machines ($3.37M), Chemical Products ($1.98M), and Miscellaneous ($975k).

During 2022, Venezuela had a large net trade with Denmark in the exports of Foodstuffs ($254k), Machines ($34.8k), and Instruments ($2.08k).

Service Trade

Bilateral Service Trade

Dnk Year

In 2020, Denmark exported services to Venezuela worth $4.57M, with Transportation ($2.4M), Government services, n.i.e. ($1.48M), and Other business services ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Venezuela () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Denmark has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Venezuela () (2022)

Exports from Venezuela () to Denmark () (2022)

Latest Data

Trade between Denmark () and Venezuela ()

Denmark Exports

Market Competitiveness

Difference in imports from Venezuela () and Denmark () (2022)

Comparative Advantage Denmark - Venezuela

Service Trade

Bilateral Service Trade

Services Exports from Denmark () to Venezuela () (2020)

Economic Complexity

Competitive Landscape

Product Space of Denmark () and Venezuela () (2022)

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