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2023
Flag → Flag
Exports $570MRnk 22 / 211
2023
Flag → Flag
Top Product $70.6MLeather Footwear
2023
Flag → Flag
Exports $517MRnk 37 / 217
2023
Flag → Flag
Top Product $51.5MNon-fillet Fresh Fish
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Portugal-Denmark Trade: In 2023, Portugal exported $570M to Denmark. The main products that Portugal exported to Denmark were Leather Footwear ($70.6M), Hormones ($67.1M), and Cars ($51.6M). Over the past 5 years the exports of Portugal to Denmark have increased at an annualized rate of 2.85%, from $495M in 2018 to $570M in 2023.

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 2023, Denmark exported $517M to Portugal. The main products that Denmark exported to Portugal were Non-fillet Fresh Fish ($51.5M), Packaged Medicaments ($42.9M), and Non-fillet Frozen Fish ($38.8M). Over the past 5 years the exports of Denmark to Portugal have increased at an annualized rate of 1.4%,  from $476M in 2018 to $517M in 2023.

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 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €47.8M and imported €48.7M from Denmark, resulting in a negative trade balance of €861k. Between November 2023 and November 2024 the exports of Portugal have increased by €8.64M (22.1%) from €39.2M to €47.8M, while imports increased by €6.32M (14.9%) from €42.3M to €48.7M.

Trade In November 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 November 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 November 2024, the increase in Portugal's year-by-year exports to Denmark was explained primarily by an increase in product exports in Iron/Steel Articles (€506k or 113%), Machinery, mechanical appliances, & parts (€420k or 74.2%), and Animal originated products, n.e.s. (€362k or 81%). In November 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 (November 2023 - November 2024)€8.64M(22.1%)
IMPORT GROWTH (November 2023 - November 2024)€6.32M(14.9%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $570M to Denmark. The main products exported from Portugal to Denmark were Leather Footwear ($70.6M), Hormones ($67.1M), and Cars ($51.6M). During the last 5 years the exports of Portugal to Denmark have increased at an annualized rate of 2.85%, from $495M in 2018 to $570M in 2023.

In 2018, Denmark exported $517M to Portugal. The main products exported from Denmark to Portugal were Non-fillet Fresh Fish ($51.5M), Packaged Medicaments ($42.9M), and Non-fillet Frozen Fish ($38.8M). During the last 5 years the exports of Denmark to Portugal have increased at an annualized rate of 1.4%, from $476M in 2023 to $517M in 2018.

Exports from Portugal (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Denmark
Top DestinationGermany$14.8B

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 2023, countries that imported more from Portugal than Denmark included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

In 2023, countries that imported more from Denmark than Portugal included Sweden ($11.2B), Germany ($14.8B), and United States ($12B).

Difference in imports from Denmark (Flag) and Portugal (Flag) (2023)

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 2023, Portugal had a large net trade with Denmark in the exports of Textiles ($121M), Chemical Products ($88.2M), and Footwear and Headwear ($77.9M).

During 2018, Denmark had a large net trade with Portugal in the exports of Animal Products ($141M), Chemical Products ($106M), and Machines ($89.5M).

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) (2023)

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