2022
Exports
$413MWorld Rnk 55 / 149
Flag Rnk 61 / 1214
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$3.41BWorld Rnk 39 / 158
Flag Rnk 5 / 1214
2022
ECONOMIC COMPLEXITY of Denmark
1.01Rnk 27 / 133

About

Exports In 2022, Denmark exported $413M in Crude Petroleum, making it the 55th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 61st most exported product in Denmark. The main destination of Crude Petroleum exports from Denmark are: Netherlands ($125M), Germany ($115M), Finland ($71.6M), Spain ($64.6M), and Sweden ($23.8M).

The fastest growing export markets for Crude Petroleum of Denmark between 2021 and 2022 were Germany ($97.6M), Spain ($43.4M), and Finland ($24.5M).

Imports In 2022, Denmark imported $3.41B in Crude Petroleum, becoming the 39th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in Denmark. Denmark imports Crude Petroleum primarily from: United States ($1.69B), Norway ($926M), United Kingdom ($361M), Libya ($223M), and Algeria ($147M).

The fastest growing import markets in Crude Petroleum for Denmark between 2021 and 2022 were United States ($667M), Norway ($422M), and United Kingdom ($185M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$413M
IMPORTS (2022)$3.41B
NET TRADE (2022)-$3B

In 2022, Denmark exported $413M in Crude Petroleum. The main destinations of Denmark exports on Crude Petroleum were Netherlands ($125M), Germany ($115M), Finland ($71.6M), Spain ($64.6M), and Sweden ($23.8M).

In 2022, Denmark imported $3.41B in Crude Petroleum, mainly from United States ($1.69B), Norway ($926M), United Kingdom ($361M), Libya ($223M), and Algeria ($147M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Denmark WERE (2021 - 2022):
Germany$97.6M (559%)
Spain$43.4M (205%)
Finland$24.5M (52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Denmark WERE (2021 - 2022):
Italy-$134M (-100%)
Netherlands-$34.1M (-21.5%)
Ireland-$33.8M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Denmark's main exporting competitors in Crude Petroleum were:
In 2022, Denmark's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $89.6M
TOP IMPORT POTENTIALRussia+ $106M

Crude Petroleum’s highest export potential is Germany. With an export gap of $89.6M.   Crude Petroleum’s highest import potential is Russia with an import gap of $106M.

See methodology.

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