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2023
Flag → Flag
Exports $631MRnk 58 / 221
2023
Flag → Flag
Top Product $338MSoybean Meal
2023
Flag → Flag
Exports $1.28BRnk 19 / 217
2023
Flag → Flag
Top Product $481MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Brazil-Denmark Trade: In 2023, Brazil exported $631M to Denmark. The main products that Brazil exported to Denmark were Soybean Meal ($338M), Packaged Medicaments ($60M), and Fuel Wood ($27.8M). Over the past 5 years the exports of Brazil to Denmark have increased at an annualized rate of 7.78%, from $434M in 2018 to $631M in 2023.

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

Denmark-Brazil Trade: In 2023, Denmark exported $1.28B to Brazil. The main products that Denmark exported to Brazil were Packaged Medicaments ($481M), Enzymes ($102M), and Machinery Having Individual Functions ($68.5M). Over the past 5 years the exports of Denmark to Brazil have increased at an annualized rate of 12.6%,  from $708M in 2018 to $1.28B in 2023.

In 2020, Denmark exported services to Brazil worth $860M, with Transportation ($801M), Construction services ($18.5M), and Other business services ($17M) being the largest in terms of value.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $47M and imported $174M from Denmark, resulting in a negative trade balance of $127M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-4.52M (-8.77%) from $51.6M to $47M, while imports increased by $72.3M (70.7%) from $102M to $174M.

Trade In December 2024, the top exports of Brazil to Denmark were Soybean Meal ($28M), Packaged Medicaments ($5.91M), Fuel Wood ($5.56M), Other Vegetable Residues and Waste ($2.97M), and Coffee ($2.87M). In December 2024 the top imports of Brazil from Denmark were Packaged Medicaments ($58M), Pesticides ($14.4M), Enzymes ($8.19M), Hormones ($6.35M), and Orthopedic Appliances ($3.82M).

Origins In December 2024 the exports of Brazil were mainly from Paraná ($15.6M), Mato Grosso do Sul ($13.2M), Minas Gerais ($8.66M), Rio Grande do Sul ($3.83M), and Santa Catarina ($1.85M), while imports destinations were mainly Paraná ($95.2M), São Paulo ($37.5M), Rio de Janeiro ($12.4M), Minas Gerais ($8.31M), and Distrito Federal ($7.38M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Enzymes ($-1.87M or -51.1%), Vegetable Saps ($-648k or -67.6%), and Honey ($-222k or -99.9%). In December 2024, the increase in Brazil's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Packaged Medicaments ($28.9M or 99.4%), Pesticides ($10.4M or 264%), and Whey and other milk products ($1.4M or 839%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-4.52M(-8.77%)
IMPORT GROWTH (December 2023 - December 2024)$72.3M(70.7%)
MAIN EXPORTER (December 2024)Paraná$15.6M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Denmark and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $631M to Denmark. The main products exported from Brazil to Denmark were Soybean Meal ($338M), Packaged Medicaments ($60M), and Fuel Wood ($27.8M). During the last 5 years the exports of Brazil to Denmark have increased at an annualized rate of 7.78%, from $434M in 2018 to $631M in 2023.

In 2018, Denmark exported $1.28B to Brazil. The main products exported from Denmark to Brazil were Packaged Medicaments ($481M), Enzymes ($102M), and Machinery Having Individual Functions ($68.5M). During the last 5 years the exports of Denmark to Brazil have increased at an annualized rate of 12.6%, from $708M in 2023 to $1.28B in 2018.

Exports from Brazil (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Brazil than Denmark included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Denmark than Brazil included Sweden ($11.2B), Germany ($14.8B), and Norway ($4.75B).

Difference in imports from Denmark (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Denmark

Flow
Scale

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

During 2023, Brazil had a large net trade with Denmark in the exports of Foodstuffs ($394M), Chemical Products ($77.3M), and Wood Products ($58.5M).

During 2018, Denmark had a large net trade with Brazil in the exports of Chemical Products ($823M), Machines ($255M), and Instruments ($88.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Denmark+$19.7MRefined Petroleum
Top Product Potential Denmark Brazil+$43.5MPackaged Medicaments

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

In 2020, Denmark exported services to Brazil worth $860M, with Transportation ($801M), Construction services ($18.5M), and Other business services ($17M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (Flag) to Brazil (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Denmark (Flag) (2023)

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