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2022
Flag → Flag
Exports $658MRnk 20 / 208
2022
Flag → Flag
Top Product $154MHormones
2022
Flag → Flag
Exports $521MRnk 34 / 218
2022
Flag → Flag
Top Product $73.8MUnpackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Portugal-Denmark Trade: In 2022, Portugal exported $658M 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 increased at an annualized rate of 9.45%, from $419M in 2017 to $658M 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 $521M 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 increased at an annualized rate of 2.46%,  from $353M in 2017 to $521M 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).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €44.2M and imported €38.6M from Denmark, resulting in a positive trade balance of €5.62M. Between July 2023 and July 2024 the exports of Portugal have increased by €398k (0.91%) from €43.8M to €44.2M, while imports increased by €8.47M (28.1%) from €30.1M to €38.6M.

Trade In July 2024, the top exports of Portugal to Denmark were Organic chemicals (€11.4M), Footwear (€7.97M), Knitted clothing accesories (€5.3M), Wood, wood articles, & charcoal (€2.57M), and Non-knitted clothing accesories (€2.56M). In July 2024 the top imports of Portugal from Denmark were Pharmaceutical products (€7.07M), Fish, crustaceans, & molluscs (€5.7M), Iron & steel (€4.98M), Machinery, mechanical appliances, & parts (€2.42M), and Electrical machinery and electronics (€1.62M).

Growth In July 2024, the increase in Portugal's year-by-year exports to Denmark was explained primarily by an increase in product exports in Iron or steel articles (€506k or 113%), Machinery, mechanical appliances, & parts (€420k or 74.2%), and Animal originated products, n.e.s. (€362k or 81%). In July 2024, the increase in Portugal's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Pharmaceutical products (€4.51M or 176%), Iron & steel (€3.3M or 196%), and Fish, crustaceans, & molluscs (€854k or 17.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€398k(0.91%)
IMPORT GROWTH (July 2023 - July 2024)€8.47M(28.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Denmark and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $658M 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 increased at an annualized rate of 9.45%, from $419M in 2017 to $658M in 2022.

In 2017, Denmark exported $521M 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 5 years the exports of Denmark to Portugal have increased at an annualized rate of 2.46%, from $353M in 2022 to $521M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Denmark
Top DestinationGermany$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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