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2022
Flag → Flag
Exports $4.61BRnk 49 / 219
2022
Flag → Flag
Top Product $1.69BCrude Petroleum
2022
Flag → Flag
Exports $13.1BRnk 2 / 218
2022
Flag → Flag
Top Product $6.29BPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

United States-Denmark Trade: In 2022, United States exported $4.61B 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 16.3%, from $2.16B in 2017 to $4.61B 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 $13.1B 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 11.1%,  from $7.76B in 2017 to $13.1B 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

September, 2024

About

Overview In September 2024, United States exported $449M and imported $1.07B from Denmark, resulting in a negative trade balance of $625M. Between September 2023 and September 2024 the exports of United States have increased by $126M (39.2%) from $322M to $449M, while imports increased by $301M (39%) from $772M to $1.07B.

Trade In September 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 September 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 September 2024 the exports of United States were mainly from Texas ($224M), California ($33.4M), North Carolina ($17.6M), Massachusetts ($14.8M), and Georgia ($11.4M), while imports destinations were mainly Tennessee ($255M), Indiana ($132M), New Jersey ($108M), California ($74.8M), and Illinois ($66.7M).

Growth In September 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 September 2024, the increase in United States's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Packaged Medicaments ($385M or 102%), Electric Motor Parts ($15.1M or 2.32k%), and Casein ($9.45M or 220%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$126M(39.2%)
IMPORT GROWTH (September 2023 - September 2024)$301M(39%)
MAIN EXPORTER (September 2024)Texas$224M

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $4.61B 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 16.3%, from $2.16B in 2017 to $4.61B in 2022.

In 2017, Denmark exported $13.1B 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 5 years the exports of Denmark to United States have increased at an annualized rate of 11.1%, from $7.76B in 2022 to $13.1B in 2017.

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

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

Market Competitiveness

Color
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 (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Denmark

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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.

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Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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 (Flag) and Denmark (Flag) (2022)

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