China (CHN) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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China (CHN) and Denmark (DNK) Trade

2022

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Exports $10.9BRnk 51 / 211

2022

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About

China-Denmark Trade: In 2022, China exported $10.9B to Denmark. The main products that China exported to Denmark were Packaged Medicaments ($621M), Semiconductor Devices ($345M), and Non-Knit Women's Suits ($328M). Over the past 5 years the exports of China to Denmark have increased at an annualized rate of 10.4%, from $6.64B in 2017 to $10.9B in 2022.

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

Denmark-China Trade: In 2022, Denmark exported $5.57B to China. The main products that Denmark exported to China were Hormones ($1.17B), Packaged Medicaments ($772M), and Pig Meat ($524M). Over the past 5 years the exports of Denmark to China have increased at an annualized rate of 4.95%, from $4.38B in 2017 to $5.57B in 2022.

In 2020, Denmark exported services to China worth $2.87B, with Transportation ($2.24B), Royalties and license fees ($288M), and Other business services ($122M) being the largest in terms of value.

Comparison: In 2022, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

October, 2024

About

Overview In October 2024, China exported $766M and imported $600M from Denmark, resulting in a positive trade balance of $166M. Between October 2023 and October 2024 the exports of China have increased by $214M (38.8%) from $552M to $766M, while imports increased by $177M (41.9%) from $423M to $600M.

Trade In October 2024, the top exports of China to Denmark were Computers ($43M), Non-Knit Women's Suits ($31.5M), Packaged Medicaments ($31.3M), Railway Cargo Containers ($26.8M), and Electric Motor Parts ($25.4M). In October 2024 the top imports of China from Denmark were Hormones ($123M), Pig Meat ($95.5M), Packaged Medicaments ($66.1M), Edible Offal ($23.4M), and Other toys ($15M).

Origins In October 2024 the exports of China were mainly from Guangdong Province ($164M), Zhejiang Province ($139M), Tianjin ($136M), Jiangsu Province ($114M), and Shandong Province ($66.9M), while imports destinations were mainly Tianjin ($337M), Beijing ($75.4M), Shanghai Province ($65M), Jiangsu Province ($34M), and Guangdong Province ($31.7M).

Growth In October 2024, the increase in China's year-by-year exports to Denmark was explained primarily by an increase in product exports in Electric Motor Parts ($15.8M or 166%), Semiconductor Devices ($7.99M or 180%), and Telephones ($3.79M or 33%). In October 2024, the increase in China's year-by-year imports from Denmark was explained primarily by an increase in product imports in Pig Meat ($55.2M or 137%), Other toys ($13.1M or 679%), and Industrial Furnaces ($10.1M or 43.8k%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (October 2023 - October 2024)$214M(38.8%)

IMPORT GROWTH (October 2023 - October 2024)$177M(41.9%)

MAIN EXPORTER (October 2024)Guangdong Province$164M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, China exported $10.9B to Denmark. The main products exported from China to Denmark were Packaged Medicaments ($621M), Semiconductor Devices ($345M), and Non-Knit Women's Suits ($328M). During the last 5 years the exports of China to Denmark have increased at an annualized rate of 10.4%, from $6.64B in 2017 to $10.9B in 2022.

In 2017, Denmark exported $5.57B to China. The main products exported from Denmark to China were Hormones ($1.17B), Packaged Medicaments ($772M), and Pig Meat ($524M). During the last 5 years the exports of Denmark to China have increased at an annualized rate of 4.95%, from $4.38B in 2022 to $5.57B in 2017.

Exports from China () to Denmark () (2022)

Exports from Denmark () to China () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

China
Top DestinationUnited States$551B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from China than Denmark included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Denmark than China included Greenland ($587M), Iceland ($744M), and Gibraltar ($49.9M).

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

Comparative Advantage China - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, China had a large net trade with Denmark in the exports of Machines ($3.4B), Textiles ($1.93B), and Miscellaneous ($1.24B).

During 2017, Denmark had a large net trade with China in the exports of Chemical Products ($2.28B), Animal Products ($1.36B), and Machines ($879M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential China Denmark+$202MComputers

Top Product Potential Denmark China+$327MPackaged 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

Dnk Year

In 2020, Denmark exported services to China worth $2.87B, with Transportation ($2.24B), Royalties and license fees ($288M), and Other business services ($122M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to China () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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