Estonia (EST) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Estonia-Denmark Trade: In 2023, Estonia exported $603M to Denmark. The main products that Estonia exported to Denmark were Fuel Wood ($187M), Wood Carpentry ($52M), and Non-Retail Carded Wool Yarn ($15.7M). Over the past 5 years the exports of Estonia to Denmark have increased at an annualized rate of 4.66%, from $480M in 2018 to $603M in 2023.

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 2023, Denmark exported $361M to Estonia. The main products that Denmark exported to Estonia were Other Engines ($23.2M), Pig Meat ($20.1M), and Electric Generating Sets ($16.2M). Over the past 5 years the exports of Denmark to Estonia have increased at an annualized rate of 4.15%, from $294M in 2018 to $361M in 2023.

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 2023, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Estonia exported $603M to Denmark. The main products exported from Estonia to Denmark were Fuel Wood ($187M), Wood Carpentry ($52M), and Non-Retail Carded Wool Yarn ($15.7M). During the last 5 years the exports of Estonia to Denmark have increased at an annualized rate of 4.66%, from $480M in 2018 to $603M in 2023.

In 2018, Denmark exported $361M to Estonia. The main products exported from Denmark to Estonia were Other Engines ($23.2M), Pig Meat ($20.1M), and Electric Generating Sets ($16.2M). During the last 5 years the exports of Denmark to Estonia have increased at an annualized rate of 4.15%, from $294M in 2023 to $361M in 2018.

Exports from Estonia () to Denmark () (2023)

Exports from Denmark () to Estonia () (2023)

Latest Data

Trade between Estonia () and Denmark ()

Estonia Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$2.71B

Denmark
Top DestinationGermany$14.8B

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 2023, countries that imported more from Estonia than Denmark included Latvia ($1.91B), Russia ($1.18B), and Lithuania ($1.74B).

In 2023, countries that imported more from Denmark than Estonia included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

Difference in imports from Denmark () and Estonia () (2023)

Comparative Advantage Estonia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Estonia had a large net trade with Denmark in the exports of Wood Products ($274M), Machines ($77.5M), and Miscellaneous ($46.8M).

During 2018, Denmark had a large net trade with Estonia in the exports of Machines ($100M), Foodstuffs ($50.6M), and Chemical Products ($47.4M).

Bilateral Service Trade

Dnk Year

Est Year

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 () to Denmark () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Estonia () to Denmark () (2023)

Exports from Denmark () to Estonia () (2023)

Latest Data

Trade between Estonia () and Denmark ()

Estonia Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Estonia () (2023)

Comparative Advantage Estonia - Denmark

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Denmark () (2023)

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