Flag Denmark / Vietnam Flag

2019
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Exports
: $274M, Rnk 45 / 214

2019
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Top Product
: $45.3M, Raw Furskins

2019
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Exports
: $381M, Rnk 51 / 140

2019
Flag β†’ Flag
Top Product
: $40.7M, Seats

2019
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Economic Complexity (ECI)
: ECI 1.11, Rnk 26 / 157

2019
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Economic Complexity (ECI)
: ECI 0.11, Rnk 67 / 157

2019
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GDP
: $350B, CURRENT US$
Rnk 37 / 187

2009-2019
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GDP GROWTH
: 8.98%, CURRENT US$
Rnk 163 / 187

2019
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 GDP
: $262B, CURRENT US$
Rnk 44 / 187

2009-2019
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GDP GROWTH
: 147%, CURRENT US$
Rnk 13 / 187

2019
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GDP PC 
: $60,170, CURRENT US$
Rnk 11 / 187

2009-2019
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GDP PC GROWTH
: 3.45%, CURRENT US$
Rnk 148 / 187

2019
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GDP PC 
: $2,715, CURRENT US$
Rnk 134 / 187

2009-2019
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GDP PC GROWTH
: 123%, CURRENT US$
Rnk 10 / 187

Denmark-Vietnam: In 2019, Denmark exported $274M to Vietnam. The main products that Denmark exported to Vietnam are Raw Furskins ($45.3M), Packaged Medicaments ($30.1M), and Other Hides and Skins ($24.3M). During the last 24 years the exports of Denmark to Vietnam have increased at an annualized rate of 9.19%, from $33.2M in 1995 to $274M in 2019.

In 2019, Denmark did not exported services to Vietnam.

Vietnam-Denmark: In 2019, Vietnam exported $381M to Denmark . The main products that Vietnam exported to Denmark were Seats ($40.7M), Non-Knit Men's Suits ($31.6M), and Processed Crustaceans ($31.3M). During the last 24 years the exports of Vietnam to Denmark have increased at an annualized rate of 13.1%, from $19.8M in 1995 to $381M in 2019.

In 2019, Vietnam did not exported services to Denmark.

Comparison: In 2019,  Denmark ranked 26 in the Economic Complexity Index (ECI 1.11), and 37 in total exports ($104B). That same year, Vietnam ranked 67 in the Economic Complexity Index (ECI 0.11), and 20 in total exports ($280B).

Bilateral Trade by Products

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Depth
Value

In 2019, Denmark exported $274M to Vietnam. The main products exported from Denmark to Vietnam were Raw Furskins ($45.3M), Packaged Medicaments ($30.1M), and Other Hides and Skins ($24.3M). During the last 24 years the exports of Denmark to Vietnam have increased at an annualized rate of 9.19%, from $33.2M in 1995 to $274M in 2019.

In 2019, Vietnam exported $381M to Denmark. The main products exported from Vietnam to Denmark were Seats ($40.7M), Non-Knit Men's Suits ($31.6M), and Processed Crustaceans ($31.3M). During the last 24 years the exports of Vietnam to Denmark have increased at an annualized rate of 13.1%, from $19.8M in 1995 to $381M in 2019.

Market Competitiveness

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Measure

Denmark
Top Destination
: Germany, $14.6B

Vietnam
Top Destination
: United States, $63.7B

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

In 2019, countries that imported more from Denmark than Vietnam were Sweden ($10.3B), Germany ($14.6B), and Norway ($5.8B).

In 2019, countries that imported more from Vietnam than Denmark were United States ($63.7B), China ($40.3B), and South Korea ($20.3B).

Comparative Advantage Denmark - Vietnam

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Depth

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

During 2019, Denmark had a large net trade with Vietnam in the exports of Animal Hides ($69.8M), Chemical Products ($60.9M), and Machines ($48M).

During 2019, Vietnam had a large net trade with Denmark in the exports of Textiles ($89.7M), Miscellaneous ($73.6M), and Machines ($46M).

Tariff Section

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This section shows import tariffs for products traded between Denmark and Vietnam (using the HS6 product classification and the last year reported).

In 2017, the products from Denmark that paid the highest import tariffs to enter Vietnam were Sugar beet (178%) and Whey (173%).

In 2018, the products from Vietnam that paid the highest import tariffs to enter Denmark were Cigarettes containing tobacco (135%) and Cigars, cheroots, cigarettes, with tobacco substitute (135%).

Explore Tariff Data

*The tariffs present between Denmark and Vietnam are:
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Competitive Landscape

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