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2022
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Exports $4.39BRnk 31 / 221
2022
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Top Product $164MWine
2022
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Exports $3.12BRnk 11 / 218
2022
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Top Product $288MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.01Rnk 23 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Italy-Denmark In 2022, Italy exported $4.39B to Denmark. The main products that Italy exported to Denmark are Wine ($164M), Special Purpose Ships ($160M), and Insulated Wire ($131M). During the last 27 years the exports of Italy to Denmark have increased at an annualized rate of 3.01%, from $1.97B in 1995 to $4.39B in 2022.

In 2020, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) being the largest in terms of value.

Denmark-Italy In 2022, Denmark exported $3.12B to Italy. The main products that Denmark exported to Italy were Packaged Medicaments ($288M), Pig Meat ($262M), and Valves ($107M). During the last 27 years the exports of Denmark to Italy have increased at an annualized rate of 1.87%, from $1.89B in 1995 to $3.12B in 2022.

In 2020, Denmark exported services to Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €199M and imported €263M from Denmark, resulting in a negative trade balance of €64.4M. Between December 2022 and December 2023 the exports of Italy have decreased by €-8.89M (-4.29%) from €207M to €199M, while imports increased by €47.4M (22%) from €216M to €263M.

Trade In December 2023, the top exports of Italy to Denmark were Cars (€9.6M), Wine (€9.46M), Packaged Medicaments (€8.43M), Other Small Iron Pipes (€8.38M), and Valves (€7.67M). In December 2023 the top imports of Italy from Denmark were Packaged Medicaments (€32.9M), Pig Meat (€23.5M), Electric Motor Parts (€21.5M), Vaccines, blood, antisera, toxins and cultures (€17.4M), and Valves (€11.5M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Other Small Iron Pipes (€-3.14M or -27.2%), Air Pumps (€-1.54M or -46.4%), and Metal Molds (€-1.29M or -97.8%). In December 2023, the increase in Italy's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Electric Motor Parts (€15.5M or 256%), Vaccines, blood, antisera, toxins and cultures (€10.5M or 153%), and Packaged Medicaments (€10.5M or 46.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-8.89M(-4.29%)
IMPORT GROWTH (December 2022 - December 2023)€47.4M(22%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $4.39B to Denmark. The main products exported from Italy to Denmark were Wine ($164M), Special Purpose Ships ($160M), and Insulated Wire ($131M). During the last 27 years the exports of Italy to Denmark have increased at an annualized rate of 3.01%, from $1.97B in 1995 to $4.39B in 2022.

In 2022, Denmark exported $3.12B to Italy. The main products exported from Denmark to Italy were Packaged Medicaments ($288M), Pig Meat ($262M), and Valves ($107M). During the last 27 years the exports of Denmark to Italy have increased at an annualized rate of 1.87%, from $1.89B in 1995 to $3.12B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Denmark
Top DestinationGermany$18.9B

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

In 2021, countries that imported more from Italy than Denmark were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Denmark than Italy were Sweden ($11.6B), Norway ($6.53B), and Greenland ($587M).

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

Comparative Advantage Italy - Denmark

Flow
Scale

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

During 2022, Italy had a large net trade with Denmark in the exports of Machines ($1.09B), Metals ($533M), and Foodstuffs ($493M).

During 2022, Denmark had a large net trade with Italy in the exports of Animal Products ($797M), Machines ($649M), and Chemical Products ($559M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) being the largest in terms of value.

In 2020, Denmark exported services to Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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 Italy has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Italy.

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

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