2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Finland-Denmark Trade: In 2023, Finland exported $1.39B to Denmark. The main products that Finland exported to Denmark were Hot-Rolled Iron ($47.3M), Electrical Transformers ($46.2M), and Mixed Mineral or Chemical Fertilizers ($39.6M). Over the past 5 years the exports of Finland to Denmark have decreased at an annualized rate of 0.25%, from $1.41B in 2018 to $1.39B in 2023.

In 2020, Finland exported services to Denmark worth $826M, with Computer and information services ($371M), Other business services ($232M), and Transportation ($126M) being the largest in terms of value.

Denmark-Finland Trade: In 2023, Denmark exported $1.94B to Finland. The main products that Denmark exported to Finland were Packaged Medicaments ($258M), Cheese ($98.2M), and Electric Generating Sets ($75.8M). Over the past 5 years the exports of Denmark to Finland have increased at an annualized rate of 1.34%,  from $1.82B in 2018 to $1.94B in 2023.

In 2020, Denmark exported services to Finland worth $1.48B, with Transportation ($445M), Other business services ($428M), and Computer and information services ($353M) being the largest in terms of value.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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
Value

In 2023, Finland exported $1.39B to Denmark. The main products exported from Finland to Denmark were Hot-Rolled Iron ($47.3M), Electrical Transformers ($46.2M), and Mixed Mineral or Chemical Fertilizers ($39.6M). During the last 5 years the exports of Finland to Denmark have decreased at an annualized rate of 0.25%, from $1.41B in 2018 to $1.39B in 2023.

In 2018, Denmark exported $1.94B to Finland. The main products exported from Denmark to Finland were Packaged Medicaments ($258M), Cheese ($98.2M), and Electric Generating Sets ($75.8M). During the last 5 years the exports of Denmark to Finland have increased at an annualized rate of 1.34%, from $1.82B in 2023 to $1.94B in 2018.

Exports from Finland (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Denmark (Flag)

Finland Exports

Denmark Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Denmark
Top Destination
Germany$14.8B

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

In 2023, countries that imported more from Finland than Denmark included Estonia ($2.4B), Russia ($708M), and Latvia ($1.1B).

In 2023, countries that imported more from Denmark than Finland included Germany ($14.8B), Sweden ($11.2B), and United Kingdom ($5.81B).

Difference in imports from Denmark (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Denmark

Flow
Scale

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

During 2023, Finland had a large net trade with Denmark in the exports of Machines ($361M), Metals ($282M), and Chemical Products ($117M).

During 2018, Denmark had a large net trade with Finland in the exports of Machines ($458M), Chemical Products ($440M), and Foodstuffs ($196M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Denmark+$27.8MRefined Petroleum
Top Product Potential Denmark Finland+$16.1MRefined Petroleum

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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Bilateral Service Trade

In 2020, Finland exported services to Denmark worth $826M, with Computer and information services ($371M), Other business services ($232M), and Transportation ($126M) being the largest in terms of value.

In 2020, Denmark exported services to Finland worth $1.48B, with Transportation ($445M), Other business services ($428M), and Computer and information services ($353M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Finland (Flag) and Denmark (Flag) (2023)

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