Norway (NOR) and Denmark (DNK) Trade | OEC - The Observatory of Economic Complexity

About

Norway-Denmark In 2021, Norway exported $4.57B to Denmark. The main products that Norway exported to Denmark are Non-fillet Fresh Fish ($976M), Electricity ($651M), and Crude Petroleum ($484M). During the last 26 years the exports of Norway to Denmark have increased at an annualized rate of 2.89%, from $2.18B in 1995 to $4.57B in 2021.

In 2009, Norway exported services to Denmark worth $2.71B, with Other business services ($942M), Travel ($633M), and Transportation ($486M) being the largest in terms of value.

Denmark-Norway In 2021, Denmark exported $6.36B to Norway. The main products that Denmark exported to Norway were Other Furniture ($360M), Refined Petroleum ($169M), and Fish oil ($160M). During the last 26 years the exports of Denmark to Norway have increased at an annualized rate of 3.27%, from $2.76B in 1995 to $6.36B in 2021.

In 2020, Denmark exported services to Norway worth $3.74B, with Transportation ($1.27B), Other business services ($964M), and Computer and information services ($627M) being the largest in terms of value.

Comparison In 2021, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.02), and 37 in total exports ($120B).

Latest Trends

#

June, 2023

About

#

Overview In June 2023, Norway exported NOK8.66B and imported NOK4.51B from Denmark, resulting in a positive trade balance of NOK4.16B. Between June 2022 and June 2023 the exports of Norway have increased by NOK2.85B (49%) from NOK5.82B to NOK8.66B, while imports decreased by NOK-6.69M (-0.15%) from NOK4.52B to NOK4.51B.

Trade In June 2023, the top exports of Norway to Denmark were Fish (not marine mammals), crustaceans, molluscs... (NOK795M), Electric current (NOK468M), Petroleum, petroleum products and related materials (NOK446M), Non-ferrous metals (NOK238M), and Machinery specialized for particular industries (NOK72.5M). In June 2023 the top imports of Norway from Denmark were Electric current (NOK528M), Furniture, and parts thereof; bedding, mattresses,... (NOK266M), Petroleum, petroleum products and related materials (NOK204M), General industrial machinery and equipment, n.e.s.,... (NOK203M), and Medicinal and pharmaceutical products (NOK199M).

Growth In June 2023, the increase in Norway's year-by-year exports to Denmark was explained primarily by an increase in product exports in Electric current (NOK171M or 57.5%), Non-ferrous metals (NOK119M or 100%), and Fish (not marine mammals), crustaceans, molluscs... (NOK119M or 17.5%). In June 2023, the decrease in Norway's year-by-year imports from Denmark was explained primarily by an decrease in product imports in Animal oils and fats (NOK-145M or -87.7%), Feeding stuff for animals (not including... (NOK-68.7M or -46.7%), and Fish (not marine mammals), crustaceans, molluscs... (NOK-42.6M or -66.2%).

Latest Trade

#

Flow

Time Scale

Value

EXPORT GROWTH (June 2022 - June 2023): NOK2.85B, (49%)

IMPORT GROWTH (June 2022 - June 2023): NOK-6.69M, (-0.15%)

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

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

For full datasets download visit Bulk Download page.

Explore Denmark and Norway Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2021, Norway exported $4.57B to Denmark. The main products exported from Norway to Denmark were Non-fillet Fresh Fish ($976M), Electricity ($651M), and Crude Petroleum ($484M). During the last 26 years the exports of Norway to Denmark have increased at an annualized rate of 2.89%, from $2.18B in 1995 to $4.57B in 2021.

In 2021, Denmark exported $6.36B to Norway. The main products exported from Denmark to Norway were Other Furniture ($360M), Refined Petroleum ($169M), and Fish oil ($160M). During the last 26 years the exports of Denmark to Norway have increased at an annualized rate of 3.27%, from $2.76B in 1995 to $6.36B in 2021.

Market Competitiveness

#

Color

SectionYear

Norway
Top Destination: United Kingdom, $33.5B

Denmark
Top Destination: Germany, $16.3B

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

In 2021, countries that imported more from Norway than Denmark were United Kingdom ($33.5B), Germany ($31.5B), and Belgium ($9.1B).

In 2021, countries that imported more from Denmark than Norway were United States ($12.5B), Russia ($1.57B), and Japan ($2.39B).

Comparative Advantage Norway - Denmark

#

Flow

Scale

Year

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

During 2021, Norway had a large net trade with Denmark in the exports of Mineral Products ($1.64B), Animal Products ($1.16B), and Metals ($515M).

During 2021, Denmark had a large net trade with Norway in the exports of Machines ($1.41B), Miscellaneous ($637M), and Foodstuffs ($614M).

Service Trade

#

Bilateral Service Trade

#

Dnk YearNor Year

In 2009, Norway exported services to Denmark worth $2.71B, with Other business services ($942M), Travel ($633M), and Transportation ($486M) being the largest in terms of value.

In 2020, Denmark exported services to Norway worth $3.74B, with Transportation ($1.27B), Other business services ($964M), and Computer and information services ($627M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#

Competitive Landscape

#

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Denmark

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles