2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Portugal-Denmark Trade: In 2022, Portugal exported $419M to Denmark. The main products that Portugal exported to Denmark were Hormones ($154M), Leather Footwear ($91.5M), and Cars ($36.1M). Over the past 5 years the exports of Portugal to Denmark have decreased at an annualized rate of 4.15%, from $518M in 2017 to $419M in 2022.

In 2020, Portugal exported services to Denmark worth $43.4M, with Travel ($43.4M) being the largest in terms of value.

Denmark-Portugal Trade: In 2022, Denmark exported $353M to Portugal. The main products that Denmark exported to Portugal were Unpackaged Medicaments ($73.8M), Packaged Medicaments ($43.9M), and Non-fillet Fresh Fish ($31.4M). Over the past 5 years the exports of Denmark to Portugal have decreased at an annualized rate of 0.36%,  from $360M in 2017 to $353M in 2022.

In 2020, Denmark exported services to Portugal worth $192M, with Transportation ($116M), Other business services ($23.4M), and Communications services ($11M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $419M to Denmark. The main products exported from Portugal to Denmark were Hormones ($154M), Leather Footwear ($91.5M), and Cars ($36.1M). During the last 5 years the exports of Portugal to Denmark have decreased at an annualized rate of 4.15%, from $518M in 2017 to $419M in 2022.

In 2017, Denmark exported $353M to Portugal. The main products exported from Denmark to Portugal were Unpackaged Medicaments ($73.8M), Packaged Medicaments ($43.9M), and Non-fillet Fresh Fish ($31.4M). During the last 22 years the exports of Denmark to Portugal have decreased at an annualized rate of 0.36%, from $360M in 1995 to $353M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Portugal than Denmark included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2022, countries that imported more from Denmark than Portugal included Sweden ($11.6B), Germany ($18.9B), and United States ($13.1B).

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

Comparative Advantage Portugal - Denmark

Flow
Scale

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

During 2022, Portugal had a large net trade with Denmark in the exports of Chemical Products ($175M), Textiles ($121M), and Footwear and Headwear ($102M).

During 2017, Denmark had a large net trade with Portugal in the exports of Chemical Products ($151M), Machines ($111M), and Animal Products ($93.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Denmark+$12.4MCars
Top Product Potential Denmark Portugal+$30.8MPackaged 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.

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Bilateral Service Trade

In 2020, Portugal exported services to Denmark worth $43.4M, with Travel ($43.4M) being the largest in terms of value.

In 2020, Denmark exported services to Portugal worth $192M, with Transportation ($116M), Other business services ($23.4M), and Communications services ($11M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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