Georgia (GEO) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Georgia-Denmark Trade: In 2023, Georgia exported $2.66M to Denmark. The main products that Georgia exported to Denmark were Beauty Products ($1.28M), Manganese Oxides ($351k), and Sowing Seeds ($257k). Over the past 5 years the exports of Georgia to Denmark have increased at an annualized rate of 9.43%, from $1.69M in 2018 to $2.66M in 2023.

In 2023, Georgia did not export any services to Denmark.

Denmark-Georgia Trade: In 2023, Denmark exported $41.8M to Georgia. The main products that Denmark exported to Georgia were Bovine ($5.41M), Enzymes ($1.91M), and Medical Instruments ($1.83M). Over the past 5 years the exports of Denmark to Georgia have increased at an annualized rate of 16.3%, from $19.7M in 2018 to $41.8M in 2023.

In 2023, Denmark did not export any services to Georgia.

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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, Georgia exported $2.66M to Denmark. The main products exported from Georgia to Denmark were Beauty Products ($1.28M), Manganese Oxides ($351k), and Sowing Seeds ($257k). During the last 5 years the exports of Georgia to Denmark have increased at an annualized rate of 9.43%, from $1.69M in 2018 to $2.66M in 2023.

In 2018, Denmark exported $41.8M to Georgia. The main products exported from Denmark to Georgia were Bovine ($5.41M), Enzymes ($1.91M), and Medical Instruments ($1.83M). During the last 5 years the exports of Denmark to Georgia have increased at an annualized rate of 16.3%, from $19.7M in 2023 to $41.8M in 2018.

Exports from Georgia () to Denmark () (2023)

Exports from Denmark () to Georgia () (2023)

Latest Data

Trade between Georgia () and Denmark ()

Georgia Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Georgia than Denmark included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

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

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

Comparative Advantage Georgia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Denmark in the exports of Chemical Products ($1.67M), Vegetable Products ($314k), and Machines ($285k).

During 2018, Denmark had a large net trade with Georgia in the exports of Animal Products ($12.8M), Chemical Products ($6.54M), and Machines ($4.04M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Denmark+$546kWine

Top Product Potential Denmark Georgia+$607kMedical Instruments

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Denmark () (2023)

Exports from Denmark () to Georgia () (2023)

Latest Data

Trade between Georgia () and Denmark ()

Georgia Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Georgia - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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