Bangladesh (BGD) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Bangladesh-Denmark Trade: In 2023, Bangladesh exported $935M to Denmark. The main products that Bangladesh exported to Denmark were Knit Sweaters ($241M), Knit T-shirts ($166M), and Non-Knit Men's Suits ($155M). Over the past 5 years the exports of Bangladesh to Denmark have increased at an annualized rate of 5.01%, from $732M in 2018 to $935M in 2023.

In 2023, Bangladesh did not export any services to Denmark.

Denmark-Bangladesh Trade: In 2023, Denmark exported $84.7M to Bangladesh. The main products that Denmark exported to Bangladesh were Malt Extract ($44.8M), Washing and Bottling Machines ($6.72M), and Concentrated Milk ($6.39M). Over the past 5 years the exports of Denmark to Bangladesh have increased at an annualized rate of 1.45%, from $78.8M in 2018 to $84.7M in 2023.

In 2023, Denmark did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $935M to Denmark. The main products exported from Bangladesh to Denmark were Knit Sweaters ($241M), Knit T-shirts ($166M), and Non-Knit Men's Suits ($155M). During the last 5 years the exports of Bangladesh to Denmark have increased at an annualized rate of 5.01%, from $732M in 2018 to $935M in 2023.

In 2018, Denmark exported $84.7M to Bangladesh. The main products exported from Denmark to Bangladesh were Malt Extract ($44.8M), Washing and Bottling Machines ($6.72M), and Concentrated Milk ($6.39M). During the last 5 years the exports of Denmark to Bangladesh have increased at an annualized rate of 1.45%, from $78.8M in 2023 to $84.7M in 2018.

Exports from Bangladesh () to Denmark () (2023)

Exports from Denmark () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Bangladesh than Denmark included Spain ($3.95B), India ($1.89B), and Austria ($1.05B).

In 2023, countries that imported more from Denmark than Bangladesh included Sweden ($11.2B), Germany ($14.8B), and Netherlands ($7.89B).

Difference in imports from Denmark () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Denmark in the exports of Textiles ($921M), Transportation ($3.86M), and Instruments ($2.71M).

During 2018, Denmark had a large net trade with Bangladesh in the exports of Foodstuffs ($45.8M), Machines ($19.6M), and Animal Products ($7.18M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Denmark+$43.4MNon-Knit Women's Suits

Top Product Potential Denmark Bangladesh+$3.38MScrap Iron

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 Bangladesh and Denmark. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Denmark () (2023)

Exports from Denmark () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Denmark ()

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Denmark () (2023)

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