Ireland (IRL) and Denmark (DNK) Trade | OEC - The Observatory of Economic Complexity

About

Ireland-Denmark In 2021, Ireland exported $819M to Denmark. The main products that Ireland exported to Denmark are Scented Mixtures ($83.5M), Packaged Medicaments ($82.3M), and Computers ($69.2M). During the last 26 years the exports of Ireland to Denmark have increased at an annualized rate of 2.35%, from $448M in 1995 to $819M in 2021.

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

Denmark-Ireland In 2021, Denmark exported $959M to Ireland. The main products that Denmark exported to Ireland were Packaged Medicaments ($122M), Antibiotics ($46.9M), and Vitamins ($40.5M). During the last 26 years the exports of Denmark to Ireland have increased at an annualized rate of 4.99%, from $270M in 1995 to $959M in 2021.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Comparison In 2021, Ireland ranked 17 in the Economic Complexity Index (ECI 1.29), and 30 in total exports ($212B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.02), and 37 in total exports ($120B).

Latest Trends

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May, 2023

About

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Overview In May 2023, Ireland exported €48.3M and imported €55.5M from Denmark, resulting in a negative trade balance of €7.24M. Between May 2022 and May 2023 the exports of Ireland have increased by €6.15M (14.6%) from €42.1M to €48.3M, while imports decreased by €-3.92M (-6.6%) from €59.4M to €55.5M.

Trade In May 2023, the top exports of Ireland to Denmark were Medicinal and pharmaceutical products (€6.65M), Meat and meat preparations (€5.69M), Electrical machinery, appliances etc., n.e.s. (€4.95M), Office machines and automatic data processing... (€2.53M), and Essential oils, perfume materials, toilet preparations... (€2.33M). In May 2023 the top imports of Ireland from Denmark were Medicinal and pharmaceutical products (€14M), Power generating machinery and equipment (€13.2M), General industrial machinery and parts, n.e.s. (€8.52M), Manufactures of metal, n.e.s. (€3.02M), and Professional, scientific and controlling apparatus (€2.87M).

Growth In May 2023, the increase in Ireland's year-by-year exports to Denmark was explained primarily by an increase in product exports in Electrical machinery, appliances etc., n.e.s. (€4.28M or 635%), Inorganic chemicals (€1.22M or 492%), and General industrial machinery and parts, n.e.s. (€1.1M or 187%). In May 2023, the decrease in Ireland's year-by-year imports from Denmark was explained primarily by an decrease in product imports in Professional, scientific and controlling apparatus (€-3.77M or -56.8%), Organic chemicals (€-1.99M or -66.3%), and Electrical machinery, appliances etc., n.e.s. (€-1.33M or -34.3%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (May 2022 - May 2023): €6.15M, (14.6%)

IMPORT GROWTH (May 2022 - May 2023): €-3.92M, (-6.6%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Denmark and Ireland trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Ireland exported $819M to Denmark. The main products exported from Ireland to Denmark were Scented Mixtures ($83.5M), Packaged Medicaments ($82.3M), and Computers ($69.2M). During the last 26 years the exports of Ireland to Denmark have increased at an annualized rate of 2.35%, from $448M in 1995 to $819M in 2021.

In 2021, Denmark exported $959M to Ireland. The main products exported from Denmark to Ireland were Packaged Medicaments ($122M), Antibiotics ($46.9M), and Vitamins ($40.5M). During the last 26 years the exports of Denmark to Ireland have increased at an annualized rate of 4.99%, from $270M in 1995 to $959M in 2021.

Market Competitiveness

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Color

SectionYear

Ireland
Top Destination: United States, $59.8B

Denmark
Top Destination: Germany, $16.3B

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

In 2021, countries that imported more from Ireland than Denmark were United States ($59.8B), United Kingdom ($19.7B), and Belgium ($13.6B).

In 2021, countries that imported more from Denmark than Ireland were Sweden ($11.9B), Norway ($6.36B), and Poland ($4.3B).

Comparative Advantage Ireland - Denmark

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Flow

Scale

Year

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

During 2021, Ireland had a large net trade with Denmark in the exports of Chemical Products ($254M), Machines ($254M), and Animal Products ($95.8M).

During 2021, Denmark had a large net trade with Ireland in the exports of Chemical Products ($254M), Machines ($143M), and Animal Products ($72.4M).

Service Trade

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Bilateral Service Trade

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Dnk YearIrl Year

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Ireland.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Ireland - Denmark

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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