Flag Norway / Denmark Flag

2021
FlagFlag
Exports
: $4.57B, Rnk 9 / 204

2021
FlagFlag
Top Product
: $976M, Non-fillet Fresh Fish

2021
FlagFlag
Exports
: $6.36B, Rnk 6 / 215

2021
FlagFlag
Top Product
: $360M, Other Furniture

2021
Flag
Economic Complexity (ECI)
: ECI 0.69, Rnk 38 / 131

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

2021
Flag  
GDP
: $482B, CURRENT US$
Rnk 27 / 182

2011-2021
Flag
GDP GROWTH
: -3.18%, CURRENT US$
Rnk 156 / 182

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

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

2021
Flag
GDP PC 
: $89,203, CURRENT US$
Rnk 5 / 182

2011-2021
Flag
GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 150 / 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

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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Color

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

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Flow
Scale

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).

Bilateral Service Trade

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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

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