HS Icon Refined Petroleum in  Flag Denmark

2020
Exports | Imports
: $1.42B | $2.14B, World Rnk 41 / 212
Flag Rnk 7 / 1207 | World Rnk 47 / 224
Flag Rnk 5 / 1209

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $35.5M | $87.2M, Singapore |  Belarus

2020
ECONOMIC COMPLEXITY of Denmark
: 0.97, Rnk 27 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Denmark exported $1.42B in Refined Petroleum, making it the 41st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Denmark. The main destination of Refined Petroleum exports from Denmark are: Sweden ($539M), Netherlands ($303M), United Kingdom ($149M), Norway ($120M), and Germany ($60.9M).

The fastest growing export markets for Refined Petroleum of Denmark between 2019 and 2020 were Singapore ($35.5M), United States ($14.7M), and Finland ($9.93M).

Imports In 2020, Denmark imported $2.14B in Refined Petroleum, becoming the 47th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in Denmark. Denmark imports Refined Petroleum primarily from: Sweden ($419M), Russia ($397M), Norway ($335M), Netherlands ($196M), and Qatar ($118M).

The fastest growing import markets in Refined Petroleum for Denmark between 2019 and 2020 were Belarus ($87.2M), Belgium ($42.9M), and China ($30.1M).

Tariffs In 2017, the average tariff for Denmark in Refined Petroleum was 0.92%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Refined 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

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EXPORTS (2020): $1.42B

IMPORTS (2020): $2.14B

NET TRADE (2020): -$719M

In 2020, Denmark exported $1.42B in Refined Petroleum. The main destinations of Denmark exports on Refined Petroleum were Sweden ($539M), Netherlands ($303M), United Kingdom ($149M), Norway ($120M), and Germany ($60.9M).

In 2020, Denmark imported $2.14B in Refined Petroleum, mainly from Sweden ($419M), Russia ($397M), Norway ($335M), Netherlands ($196M), and Qatar ($118M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Denmark WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Denmark WERE (2019 - 2020):

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Market Concentration

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In 2020, Denmark's main exporting competitors in Refined Petroleum were:

In 2020, Denmark's main importing competitors in Refined Petroleum were:

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