United States (USA) and Denmark (DNK) Trade

2022

→

Exports $2.16BRnk 49 / 219

2022

→

About

United States-Denmark Trade: In 2022, United States exported $2.16B to Denmark. The main products that United States exported to Denmark were Crude Petroleum ($1.69B), Refined Petroleum ($219M), and Planes, Helicopters, and/or Spacecraft ($143M). Over the past 5 years the exports of United States to Denmark have increased at an annualized rate of 4.69%, from $1.72B in 2017 to $2.16B in 2022.

In 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) being the largest in terms of value.

Denmark-United States Trade: In 2022, Denmark exported $7.76B to United States. The main products that Denmark exported to United States were Packaged Medicaments ($6.29B), Vaccines, blood, antisera, toxins and cultures ($304M), and Medical Instruments ($288M). Over the past 5 years the exports of Denmark to United States have increased at an annualized rate of 31.3%, from $1.99B in 2017 to $7.76B in 2022.

In 2020, Denmark exported services to United States worth $10.6B, with Transportation ($5.76B), Royalties and license fees ($2.56B), and Other business services ($912M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Company data: In 2023, leading companies such as Vestas (359), Kubota (120), and IKEA Group (113) were at the forefront of exporting goods from Denmark to the United States. Conversely, Other (412), Eimskip Denmark A/s (101), and Kverneland Group Kerteminde A/s (99) were notable for importing products to Denmark from the United States.

Latest Trends

April, 2024

About

Overview In April 2024, United States exported $550M and imported $718M from Denmark, resulting in a negative trade balance of $168M. Between April 2023 and April 2024 the exports of United States have increased by $149M (37.3%) from $400M to $550M, while imports decreased by $-196M (-21.4%) from $913M to $718M.

Trade In April 2024, the top exports of United States to Denmark were Crude Petroleum ($137M), Commodities not elsewhere specified ($18.5M), Soybean Meal ($17.8M), Vaccines, blood, antisera, toxins and cultures ($14.1M), and Aircraft Parts ($11M). In April 2024 the top imports of United States from Denmark were Packaged Medicaments ($761M), Vaccines, blood, antisera, toxins and cultures ($34M), Orthopedic Appliances ($28.2M), Enzymes ($21.9M), and Hormones ($20.3M).

Origins In April 2024 the exports of United States were mainly from Texas ($151M), Arizona ($94.4M), North Carolina ($55.9M), Washington ($47.3M), and California ($31.4M), while imports destinations were mainly Ohio ($83.1M), Indiana ($82M), North Carolina ($68.2M), Illinois ($64.4M), and New Jersey ($55.4M).

Growth In April 2024, the increase in United States's year-by-year exports to Denmark was explained primarily by an increase in product exports in Aircraft Parts ($8.76M or 383%), Computers ($4.7M or 105%), and Aircraft parts including unmanned craft ($3.28M or 246%). In April 2024, the decrease in United States's year-by-year imports from Denmark was explained primarily by an decrease in product imports in Pig Meat ($-12.2M or -64.2%), Special Pharmaceuticals ($-10.3M or -50.4%), and Hormones ($-6.82M or -25.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$149M(37.3%)

IMPORT GROWTH (April 2023 - April 2024)$-196M(-21.4%)

MAIN EXPORTER (April 2024)Texas$151M

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

To check Denmark and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and United States Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $2.16B to Denmark. The main products exported from United States to Denmark were Crude Petroleum ($1.69B), Refined Petroleum ($219M), and Planes, Helicopters, and/or Spacecraft ($143M). During the last 5 years the exports of United States to Denmark have increased at an annualized rate of 4.69%, from $1.72B in 2017 to $2.16B in 2022.

In 2017, Denmark exported $7.76B to United States. The main products exported from Denmark to United States were Packaged Medicaments ($6.29B), Vaccines, blood, antisera, toxins and cultures ($304M), and Medical Instruments ($288M). During the last 22 years the exports of Denmark to United States have increased at an annualized rate of 31.3%, from $1.99B in 1995 to $7.76B in 2017.

Exports from United States () to Denmark () (2022)

Exports from Denmark () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from United States than Denmark included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Denmark than United States included Sweden ($11.6B), Norway ($6.53B), and Greenland ($587M).

Difference in imports from Denmark () and United States () (2022)

Comparative Advantage United States - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Denmark in the exports of Mineral Products ($1.95B), Machines ($647M), and Chemical Products ($537M).

During 2017, Denmark had a large net trade with United States in the exports of Chemical Products ($7.47B), Machines ($2.28B), and Instruments ($902M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Denmark+$196MRefined Petroleum

Top Product Potential Denmark United States+$210MVaccines, 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.

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Dnk Year

Usa Year

In 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Denmark () (2017)

Services Exports from Denmark () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Denmark () (2022)

Keep Exploring

United States
Spain
United States
Estonia
Saint Vincent and the Grenadines
Denmark
British Virgin Islands
Denmark