Armenia (ARM) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Armenia-Denmark Trade: In 2022, Armenia exported $636k to Denmark. The main products that Armenia exported to Denmark were Aluminium Foil ($237k), Siliceous Fossil Meals ($106k), and Air Pumps ($25.8k). Over the past 5 years the exports of Armenia to Denmark have decreased at an annualized rate of 3.3%, from $752k in 2017 to $636k in 2022.

In 2022, Armenia did not export any services to Denmark.

Denmark-Armenia Trade: In 2022, Denmark exported $22.2M to Armenia. The main products that Denmark exported to Armenia were Crustaceans ($5.11M), Broadcasting Equipment ($2.67M), and Industrial Food Preperation Machinery ($2.63M). Over the past 5 years the exports of Denmark to Armenia have increased at an annualized rate of 25.1%, from $7.24M in 2017 to $22.2M in 2022.

In 2022, Denmark did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $636k to Denmark. The main products exported from Armenia to Denmark were Aluminium Foil ($237k), Siliceous Fossil Meals ($106k), and Air Pumps ($25.8k). During the last 5 years the exports of Armenia to Denmark have decreased at an annualized rate of 3.3%, from $752k in 2017 to $636k in 2022.

In 2017, Denmark exported $22.2M to Armenia. The main products exported from Denmark to Armenia were Crustaceans ($5.11M), Broadcasting Equipment ($2.67M), and Industrial Food Preperation Machinery ($2.63M). During the last 5 years the exports of Denmark to Armenia have increased at an annualized rate of 25.1%, from $7.24M in 2022 to $22.2M in 2017.

Exports from Armenia () to Denmark () (2022)

Exports from Denmark () to Armenia () (2022)

Latest Data

Trade between Armenia () and Denmark ()

Armenia Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Denmark
Top DestinationGermany$18.9B

This map shows whether countries import more from Armenia or Denmark. Each country is colored based on the difference in imports they receive from Armenia and Denmark or the difference in the growth in imports.

In 2022, countries that imported more from Armenia than Denmark included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from Denmark than Armenia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark () and Armenia () (2022)

Comparative Advantage Armenia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Denmark by product, considering products traded by both, Armenia and Denmark.

During 2022, Armenia had a large net trade with Denmark in the exports of Metals ($253k), Machines ($123k), and Mineral Products ($107k).

During 2017, Denmark had a large net trade with Armenia in the exports of Machines ($9.44M), Animal Products ($6.08M), and Instruments ($2.98M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Denmark+$322kAluminium Foil

Top Product Potential Denmark Armenia+$1.13MTelephones

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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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Denmark. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Denmark () (2022)

Exports from Denmark () to Armenia () (2022)

Latest Data

Trade between Armenia () and Denmark ()

Armenia Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Armenia () (2022)

Comparative Advantage Armenia - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Denmark () (2022)

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