2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 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 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 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

Russia-Denmark Trade: In 2022, Russia exported $2.63B to Denmark. The main products that Russia exported to Denmark were Semi-Finished Iron ($441M), Crude Petroleum ($61.4M), and Fuel Wood ($33.3M). Over the past 5 years the exports of Russia to Denmark have increased at an annualized rate of 46.6%, from $388M in 2017 to $2.63B in 2022.

In 2020, Russia exported services to Denmark worth $221M, with Other business services ($134M), Transportation ($63.5M), and Computer and information services ($15.5M) being the largest in terms of value.

Denmark-Russia Trade: In 2022, Denmark exported $1.34B to Russia. The main products that Denmark exported to Russia were Passenger and Cargo Ships ($30.4M), Industrial Food Preperation Machinery ($24.8M), and Malt Extract ($21.2M). Over the past 5 years the exports of Denmark to Russia have increased at an annualized rate of 16.7%,  from $622M in 2017 to $1.34B in 2022.

In 2020, Denmark exported services to Russia worth $734M, with Transportation ($577M), Other business services ($53.7M), and Construction services ($42.5M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). 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, Russia exported $2.63B to Denmark. The main products exported from Russia to Denmark were Semi-Finished Iron ($441M), Crude Petroleum ($61.4M), and Fuel Wood ($33.3M). During the last 5 years the exports of Russia to Denmark have increased at an annualized rate of 46.6%, from $388M in 2017 to $2.63B in 2022.

In 2017, Denmark exported $1.34B to Russia. The main products exported from Denmark to Russia were Passenger and Cargo Ships ($30.4M), Industrial Food Preperation Machinery ($24.8M), and Malt Extract ($21.2M). During the last 22 years the exports of Denmark to Russia have increased at an annualized rate of 16.7%, from $622M in 1995 to $1.34B in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Russia than Denmark included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Denmark than Russia included Sweden ($11.6B), Norway ($6.53B), and Canada ($1.44B).

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

Comparative Advantage Russia - Denmark

Flow
Scale

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

During 2022, Russia had a large net trade with Denmark in the exports of Metals ($478M), Mineral Products ($79.5M), and Foodstuffs ($46.1M).

During 2017, Denmark had a large net trade with Russia in the exports of Machines ($98.3M), Chemical Products ($59M), and Transportation ($42.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Denmark+$106MCrude Petroleum
Top Product Potential Denmark Russia+$19.1MVaccines, blood, antisera, toxins and cultures

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, Russia exported services to Denmark worth $221M, with Other business services ($134M), Transportation ($63.5M), and Computer and information services ($15.5M) being the largest in terms of value.

In 2020, Denmark exported services to Russia worth $734M, with Transportation ($577M), Other business services ($53.7M), and Construction services ($42.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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