2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 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
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186

About

Denmark-Vietnam Trade: In 2022, Denmark exported $247M to Vietnam. The main products that Denmark exported to Vietnam were Packaged Medicaments ($14.1M), Orthopedic Appliances ($13.6M), and Other Agricultural Machinery ($13.1M). Over the past 5 years the exports of Denmark to Vietnam have decreased at an annualized rate of 13.1%, from $497M in 2017 to $247M in 2022.

In 2022, Denmark did not export any services to Vietnam.

Vietnam-Denmark Trade: In 2022, Vietnam exported $636M to Denmark. The main products that Vietnam exported to Denmark were Seats ($58.5M), Audio Alarms ($43.8M), and Processed Crustaceans ($34.5M). Over the past 5 years the exports of Vietnam to Denmark have increased at an annualized rate of 9.4%,  from $406M in 2017 to $636M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $247M to Vietnam. The main products exported from Denmark to Vietnam were Packaged Medicaments ($14.1M), Orthopedic Appliances ($13.6M), and Other Agricultural Machinery ($13.1M). During the last 5 years the exports of Denmark to Vietnam have decreased at an annualized rate of 13.1%, from $497M in 2017 to $247M in 2022.

In 2017, Vietnam exported $636M to Denmark. The main products exported from Vietnam to Denmark were Seats ($58.5M), Audio Alarms ($43.8M), and Processed Crustaceans ($34.5M). During the last 5 years the exports of Vietnam to Denmark have increased at an annualized rate of 9.4%, from $406M in 2022 to $636M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Vietnam (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Vietnam
Top Destination
United States$117B

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 2022, countries that imported more from Denmark than Vietnam included Sweden ($11.6B), Germany ($18.9B), and Norway ($6.53B).

In 2022, countries that imported more from Vietnam than Denmark included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Denmark - Vietnam

Flow
Scale

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

During 2022, Denmark had a large net trade with Vietnam in the exports of Machines ($77.3M), Chemical Products ($45M), and Animal Products ($35.1M).

During 2017, Vietnam had a large net trade with Denmark in the exports of Machines ($122M), Textiles ($110M), and Miscellaneous ($106M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Vietnam+$20.1MPackaged Medicaments
Top Product Potential Vietnam Denmark+$23.6MOther Furniture

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

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

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