2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Estonia-Denmark Trade: In 2022, Estonia exported $679M to Denmark. The main products that Estonia exported to Denmark were Fuel Wood ($167M), Refined Petroleum ($70.5M), and Wood Carpentry ($57.9M). Over the past 5 years the exports of Estonia to Denmark have increased at an annualized rate of 9.22%, from $437M in 2017 to $679M in 2022.

In 2020, Estonia exported services to Denmark worth $101M, with Transportation ($49.9M), Other business services ($25.7M), and Computer and information services ($13.9M) being the largest in terms of value.

Denmark-Estonia Trade: In 2022, Denmark exported $368M to Estonia. The main products that Denmark exported to Estonia were Hot-Rolled Iron ($12.5M), Other Edible Preparations ($9.19M), and Industrial Fatty Acids, Oils and Alcohols ($8.45M). Over the past 5 years the exports of Denmark to Estonia have increased at an annualized rate of 4.78%,  from $292M in 2017 to $368M in 2022.

In 2020, Denmark exported services to Estonia worth $98.9M, with Transportation ($49.5M), Computer and information services ($13.5M), and Other business services ($12.9M) being the largest in terms of value.

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $679M to Denmark. The main products exported from Estonia to Denmark were Fuel Wood ($167M), Refined Petroleum ($70.5M), and Wood Carpentry ($57.9M). During the last 5 years the exports of Estonia to Denmark have increased at an annualized rate of 9.22%, from $437M in 2017 to $679M in 2022.

In 2017, Denmark exported $368M to Estonia. The main products exported from Denmark to Estonia were Hot-Rolled Iron ($12.5M), Other Edible Preparations ($9.19M), and Industrial Fatty Acids, Oils and Alcohols ($8.45M). During the last 5 years the exports of Denmark to Estonia have increased at an annualized rate of 4.78%, from $292M in 2022 to $368M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Denmark (Flag)

Estonia Exports

Denmark Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Estonia than Denmark included Latvia ($2.77B), Russia ($1.38B), and Lithuania ($1.51B).

In 2022, countries that imported more from Denmark than Estonia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Estonia - Denmark

Flow
Scale

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

During 2022, Estonia had a large net trade with Denmark in the exports of Wood Products ($265M), Mineral Products ($103M), and Machines ($69.3M).

During 2017, Denmark had a large net trade with Estonia in the exports of Machines ($75.4M), Foodstuffs ($52.6M), and Metals ($46.9M).

Bilateral Service Trade

In 2020, Estonia exported services to Denmark worth $101M, with Transportation ($49.9M), Other business services ($25.7M), and Computer and information services ($13.9M) being the largest in terms of value.

In 2020, Denmark exported services to Estonia worth $98.9M, with Transportation ($49.5M), Computer and information services ($13.5M), and Other business services ($12.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia (Flag) to Denmark (Flag) (2020)

Services Exports from Denmark (Flag) to Estonia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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