Romania (ROU) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Romania-Denmark Trade: In 2022, Romania exported $325M to Denmark. The main products that Romania exported to Denmark were Vacuum Cleaners ($27.9M), Cars ($23.5M), and Other Heating Machinery ($19.1M). Over the past 5 years the exports of Romania to Denmark have increased at an annualized rate of 76.2%, from $19.2M in 2017 to $325M in 2022.

In 2020, Romania exported services to Denmark worth $361M, with Transportation ($229M), Computer and information services ($62.2M), and Other business services ($42.7M) being the largest in terms of value.

Denmark-Romania Trade: In 2022, Denmark exported $358M to Romania. The main products that Denmark exported to Romania were Packaged Medicaments ($136M), Pig Meat ($17.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.7M). Over the past 5 years the exports of Denmark to Romania have increased at an annualized rate of 39.8%, from $67.1M in 2017 to $358M in 2022.

In 2020, Denmark exported services to Romania worth $194M, with Transportation ($74.5M), Travel ($69.4M), and Other business services ($15.3M) being the largest in terms of value.

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Romania exported $325M to Denmark. The main products exported from Romania to Denmark were Vacuum Cleaners ($27.9M), Cars ($23.5M), and Other Heating Machinery ($19.1M). During the last 5 years the exports of Romania to Denmark have increased at an annualized rate of 76.2%, from $19.2M in 2017 to $325M in 2022.

In 2017, Denmark exported $358M to Romania. The main products exported from Denmark to Romania were Packaged Medicaments ($136M), Pig Meat ($17.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.7M). During the last 22 years the exports of Denmark to Romania have increased at an annualized rate of 39.8%, from $67.1M in 1995 to $358M in 2017.

Exports from Romania () to Denmark () (2022)

Exports from Denmark () to Romania () (2022)

Latest Data

Trade between Romania () and Denmark ()

Romania Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Romania than Denmark included Italy ($9.55B), Hungary ($6.75B), and Bulgaria ($3.9B).

In 2022, countries that imported more from Denmark than Romania included Sweden ($11.6B), United States ($13.1B), and Norway ($6.53B).

Difference in imports from Denmark () and Romania () (2022)

Comparative Advantage Romania - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Denmark in the exports of Machines ($143M), Metals ($75.8M), and Textiles ($50.9M).

During 2017, Denmark had a large net trade with Romania in the exports of Chemical Products ($174M), Machines ($105M), and Animal Products ($73.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Denmark+$17MCars

Top Product Potential Denmark Romania+$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.

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Bilateral Service Trade

Dnk Year

Rou Year

In 2020, Romania exported services to Denmark worth $361M, with Transportation ($229M), Computer and information services ($62.2M), and Other business services ($42.7M) being the largest in terms of value.

In 2020, Denmark exported services to Romania worth $194M, with Transportation ($74.5M), Travel ($69.4M), and Other business services ($15.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Denmark () (2020)

Services Exports from Denmark () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Denmark () (2022)

Exports from Denmark () to Romania () (2022)

Latest Data

Trade between Romania () and Denmark ()

Romania Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Romania () (2022)

Comparative Advantage Romania - Denmark

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to Denmark () (2020)

Services Exports from Denmark () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Romania () and Denmark () (2022)

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