Flag Italy / Denmark Flag

2021
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Exports
: $4.03B, Rnk 33 / 221

2021
FlagFlag
Top Product
: $197M, Wine

2021
FlagFlag
Exports
: $3.24B, Rnk 10 / 215

2021
FlagFlag
Top Product
: $271M, Packaged Medicaments

2021
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Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

2021
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Economic Complexity (ECI)
: ECI 1.02, Rnk 27 / 131

2021
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GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
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GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

2021
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 GDP
: $397B, CURRENT US$
Rnk 34 / 182

2011-2021
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GDP GROWTH
: 15.4%, CURRENT US$
Rnk 115 / 182

2021
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GDP PC 
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

2021
Flag
GDP PC
: $67,803, CURRENT US$
Rnk 9 / 182

2011-2021
Flag
GDP PC GROWTH
: 9.8%, CURRENT US$
Rnk 102 / 182

Italy-Denmark In 2021, Italy exported $4.03B to Denmark. The main products that Italy exported to Denmark are Wine ($197M), Other Small Iron Pipes ($125M), and Valves ($113M). During the last 26 years the exports of Italy to Denmark have increased at an annualized rate of 2.78%, from $1.98B in 1995 to $4.03B in 2021.

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 2021, Denmark exported $3.24B to Italy. The main products that Denmark exported to Italy were Packaged Medicaments ($271M), Pig Meat ($265M), and Electric Motor Parts ($151M). During the last 26 years the exports of Denmark to Italy have increased at an annualized rate of 2.07%, from $1.9B in 1995 to $3.24B in 2021.

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 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.02), and 37 in total exports ($120B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Italy exported $4.03B to Denmark. The main products exported from Italy to Denmark were Wine ($197M), Other Small Iron Pipes ($125M), and Valves ($113M). During the last 26 years the exports of Italy to Denmark have increased at an annualized rate of 2.78%, from $1.98B in 1995 to $4.03B in 2021.

In 2021, Denmark exported $3.24B to Italy. The main products exported from Denmark to Italy were Packaged Medicaments ($271M), Pig Meat ($265M), and Electric Motor Parts ($151M). During the last 26 years the exports of Denmark to Italy have increased at an annualized rate of 2.07%, from $1.9B in 1995 to $3.24B in 2021.

Denmark Exports

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Market Competitiveness

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Color

Italy
Top Destination
: Germany, $78.4B

Denmark
Top Destination
: Germany, $16.3B

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 ($78.4B), France ($61.6B), and United States ($58.1B).

In 2021, countries that imported more from Denmark than Italy were Sweden ($11.9B), Norway ($6.36B), and Greenland ($594M).

Comparative Advantage Italy - Denmark

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Flow
Scale

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

During 2021, Italy had a large net trade with Denmark in the exports of Machines ($1.02B), Metals ($501M), and Foodstuffs ($500M).

During 2021, Denmark had a large net trade with Italy in the exports of Animal Products ($789M), Machines ($684M), and Chemical Products ($514M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.