Russia (RUS) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Denmark (DNK) Trade

2022

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Exports $752MRnk 51 / 138

2022

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About

Russia-Denmark In 2022, Russia exported $752M to Denmark. The main products that Russia exported to Denmark are Semi-Finished Iron ($441M), Crude Petroleum ($61.4M), and Fuel Wood ($33.3M). During the last 27 years the exports of Russia to Denmark have increased at an annualized rate of 2.48%, from $388M in 1995 to $752M 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 In 2022, Denmark exported $322M 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). During the last 27 years the exports of Denmark to Russia have decreased at an annualized rate of 2.4%, from $622M in 1995 to $322M 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 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $342M and imported $79.3M from Denmark, resulting in a positive trade balance of $262M. Between January 2021 and January 2022 the exports of Russia have increased by $189M (124%) from $152M to $342M, while imports increased by $23.5M (42.2%) from $55.8M to $79.3M.

Trade In January 2022, the top exports of Russia to Denmark were Refined Petroleum ($67.8M), Commodities not elsewhere specified ($30.5M), Crude Petroleum ($15.8M), Soybean Meal ($9.86M), and Fuel Wood ($9.3M). In January 2022 the top imports of Russia from Denmark were Malt Extract ($3.86M), Electrical Control Boards ($2.83M), Rubberworking Machinery ($2.4M), Valves ($2.37M), and Enzymes ($2.26M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($219M), LIPETSK REGION ($26.5M), YAMAL-NENETS AUTONOMOUS AREA ($23M), IRKUTSK REGION ($20.4M), and VOLOGDA REGION ($10.7M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($32.9M), REPUBLIC OF KARELIA ($9.89M), NIZHNY NOVGOROD REGION ($9.35M), MOSCOW REGION ($7.07M), and ST. PETERSBURG ($4.92M).

Growth In January 2022, the increase in Russia's year-by-year exports to Denmark was explained primarily by an increase in product exports in Refined Petroleum ($52.9M or 356%), Soybean Meal ($7.54M or 324%), and Fuel Wood ($2.45M or 35.8%). In January 2022, the increase in Russia's year-by-year imports from Denmark was explained primarily by an increase in product imports in Rubberworking Machinery ($2.38M or 9.72k%), Malt Extract ($2.13M or 123%), and Electrical Control Boards ($1.49M or 112%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$189M(124%)

IMPORT GROWTH (January 2021 - January 2022)$23.5M(42.2%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$219M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $752M 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 27 years the exports of Russia to Denmark have increased at an annualized rate of 2.48%, from $388M in 1995 to $752M in 2022.

In 2022, Denmark exported $322M 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 27 years the exports of Denmark to Russia have decreased at an annualized rate of 2.4%, from $622M in 1995 to $322M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Denmark
Top DestinationGermany$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 2021, countries that imported more from Russia than Denmark were China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2021, countries that imported more from Denmark than Russia were Sweden ($11.6B), Norway ($6.53B), and Canada ($1.44B).

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

Comparative Advantage Russia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Denmark had a large net trade with Russia in the exports of Machines ($98.3M), Chemical Products ($59M), and Transportation ($42.1M).

Service Trade

Bilateral Service Trade

Dnk Year

Rus Year

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 () to Denmark () (2020)

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

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Russia.

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

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