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 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

August, 2024

About

Overview In August 2024, United States exported $362M and imported $917M from Denmark, resulting in a negative trade balance of $555M. Between August 2023 and August 2024 the exports of United States have decreased by $-82.7M (-18.6%) from $445M to $362M, while imports decreased by $-177M (-16.2%) from $1.09B to $917M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from North Carolina ($127M), California ($31.7M), Montana ($27.1M), Florida ($20.1M), and Texas ($13.4M), while imports destinations were mainly Indiana ($139M), New Jersey ($104M), California ($66.8M), North Carolina ($60.4M), and Texas ($60.3M).

Growth In August 2024, the decrease in United States's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Integrated Circuits ($-11.5M or -88.2%), Fuel Wood ($-5.09M or -34.6%), and Soybean Meal ($-4.56M or -20.4%). In August 2024, the decrease in United States's year-by-year imports from Denmark was explained primarily by an decrease in product imports in Pig Meat ($-12.2M or -64.2%), Special Pharmaceuticals ($-10.3M or -50.4%), and Hormones ($-6.82M or -25.2%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$-82.7M(-18.6%)

IMPORT GROWTH (August 2023 - August 2024)$-177M(-16.2%)

MAIN EXPORTER (August 2024)North Carolina$127M

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 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 () 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.

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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)

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