New Zealand (NZL) and Denmark (DNK) Trade | The Observatory of Economic Complexity

About

New Zealand-Denmark Trade: In 2023, New Zealand exported $110M to Denmark. The main products that New Zealand exported to Denmark were Butter ($23.8M), Vaccines, blood, antisera, toxins and cultures ($14.2M), and Wine ($9.49M). Over the past 5 years the exports of New Zealand to Denmark have decreased at an annualized rate of 0.49%, from $112M in 2018 to $110M in 2023.

In 2018, New Zealand exported services to Denmark worth $655M, with Transportation ($468M), Travel ($149M), and Insurance services ($30.4M) being the largest in terms of value.

Denmark-New Zealand Trade: In 2023, Denmark exported $257M to New Zealand. The main products that Denmark exported to New Zealand were Orthopedic Appliances ($37.6M), Cheese ($23.3M), and Pig Meat ($13.5M). Over the past 5 years the exports of Denmark to New Zealand have increased at an annualized rate of 7.64%, from $178M in 2018 to $257M in 2023.

In 2020, Denmark exported services to New Zealand worth $444M, with Transportation ($406M), Other business services ($12.1M), and Royalties and license fees ($11.3M) being the largest in terms of value.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $110M to Denmark. The main products exported from New Zealand to Denmark were Butter ($23.8M), Vaccines, blood, antisera, toxins and cultures ($14.2M), and Wine ($9.49M). During the last 5 years the exports of New Zealand to Denmark have decreased at an annualized rate of 0.49%, from $112M in 2018 to $110M in 2023.

In 2018, Denmark exported $257M to New Zealand. The main products exported from Denmark to New Zealand were Orthopedic Appliances ($37.6M), Cheese ($23.3M), and Pig Meat ($13.5M). During the last 5 years the exports of Denmark to New Zealand have increased at an annualized rate of 7.64%, from $178M in 2023 to $257M in 2018.

Exports from New Zealand () to Denmark () (2023)

Exports from Denmark () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Denmark ()

New Zealand Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from New Zealand than Denmark included China ($12.3B), Australia ($5.2B), and Indonesia ($1.1B).

In 2023, countries that imported more from Denmark than New Zealand included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

Difference in imports from Denmark () and New Zealand () (2023)

Comparative Advantage New Zealand - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Denmark in the exports of Animal Products ($46.1M), Chemical Products ($24M), and Foodstuffs ($12.1M).

During 2018, Denmark had a large net trade with New Zealand in the exports of Machines ($69.9M), Instruments ($54.9M), and Animal Products ($51.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Denmark+$3.08MWine

Top Product Potential Denmark New Zealand+$6.53MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Dnk Year

Nzl Year

In 2018, New Zealand exported services to Denmark worth $655M, with Transportation ($468M), Travel ($149M), and Insurance services ($30.4M) being the largest in terms of value.

In 2020, Denmark exported services to New Zealand worth $444M, with Transportation ($406M), Other business services ($12.1M), and Royalties and license fees ($11.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand () to Denmark () (2018)

Services Exports from Denmark () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of New Zealand and Denmark. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over New Zealand.

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Denmark () (2023)

Exports from Denmark () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Denmark ()

New Zealand Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and New Zealand () (2023)

Comparative Advantage New Zealand - Denmark

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from New Zealand () to Denmark () (2018)

Services Exports from Denmark () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Denmark () (2023)

Keep Exploring