United States (USA) and Denmark (DNK) Trade

2022

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Exports $4.61BRnk 49 / 219

2022

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About

United States-Denmark In 2022, United States exported $4.61B to Denmark. The main products that United States exported to Denmark are Crude Petroleum ($1.69B), Refined Petroleum ($219M), and Planes, Helicopters, and/or Spacecraft ($143M). During the last 27 years the exports of United States to Denmark have increased at an annualized rate of 3.72%, from $1.72B in 1995 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 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). During the last 27 years the exports of Denmark to United States have increased at an annualized rate of 7.25%, from $1.99B in 1995 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 1.41), and 2 in total exports ($1.95T). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (8.36k), VESTAS NACELLES AMERICA INC. (6.59k), and BJ S WHOLESALE CLUB, INC. (2.14k) were at the forefront of exporting goods from Denmark to the United States. Conversely, TVILUM A/S 2018 (8.21k), BISCA AS (2.14k), and EIMSKIP DENMARK A/S (1.92k) were notable for importing Denmark products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $499M and imported $587M from Denmark, resulting in a negative trade balance of $87.8M. Between January 2023 and January 2024 the exports of United States have increased by $123M (32.7%) from $376M to $499M, while imports decreased by $-724M (-55.2%) from $1.31B to $587M.

Trade In January 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 January 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 January 2024 the exports of United States were mainly from Texas ($212M), Florida ($40M), California ($34.9M), North Carolina ($31.9M), and Ohio ($15.2M), while imports destinations were mainly Indiana ($110M), California ($43.1M), North Carolina ($38.1M), New York ($31.2M), and Georgia ($30.9M).

Growth In January 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 ($3.28M or 246%). In January 2024, the decrease in United States's year-by-year imports from Denmark was explained primarily by an decrease in product imports in Pig Meat ($-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 (January 2023 - January 2024)$123M(32.7%)

IMPORT GROWTH (January 2023 - January 2024)$-724M(-55.2%)

MAIN EXPORTER (January 2024)Texas$212M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of United States to Denmark have increased at an annualized rate of 3.72%, from $1.72B in 1995 to $4.61B in 2022.

In 2022, 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 27 years the exports of Denmark to United States have increased at an annualized rate of 7.25%, from $1.99B in 1995 to $13.1B in 2022.

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 2021, countries that imported more from United States than Denmark were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Denmark than United States were 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 2022, Denmark had a large net trade with United States in the exports of Chemical Products ($7.47B), Machines ($2.28B), and Instruments ($902M).

Service Trade

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)

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 United States has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over United States.

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

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