Germany (DEU) and Denmark (DNK) Trade

2022

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Exports $25.4BRnk 16 / 223

2022

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About

Germany-Denmark Trade: In 2022, Germany exported $25.4B to Denmark. The main products that Germany exported to Denmark were Cars ($2.31B), Petroleum Gas ($1.64B), and Electricity ($630M). Over the past 5 years the exports of Germany to Denmark have increased at an annualized rate of 5.1%, from $19.8B in 2017 to $25.4B in 2022.

In 2020, Germany exported services to Denmark worth $3.51B, with Transportation ($1.27B), Other business services ($848M), and Travel ($828M) being the largest in terms of value.

Denmark-Germany Trade: In 2022, Denmark exported $18.9B to Germany. The main products that Denmark exported to Germany were Electricity ($2.41B), Cars ($958M), and Packaged Medicaments ($568M). Over the past 5 years the exports of Denmark to Germany have increased at an annualized rate of 5.34%, from $14.5B in 2017 to $18.9B in 2022.

In 2020, Denmark exported services to Germany worth $7.17B, with Transportation ($2.76B), Travel ($1.8B), and Other business services ($1.29B) being the largest in terms of value.

Comparison: In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €1.85B and imported €1.24B from Denmark, resulting in a positive trade balance of €612M. Between August 2023 and August 2024 the exports of Germany have increased by €115M (6.64%) from €1.74B to €1.85B, while imports increased by €53.1M (4.47%) from €1.19B to €1.24B.

Trade In August 2024, the top exports of Germany to Denmark were Motor cars and motor caravans (€165M), Estimations for non-response (€101M), Pharmaceutical products (€78.7M), Machinery for electricity production, distribution (€78M), and Meat and meat products (€58.4M). In August 2024 the top imports of Germany from Denmark were Estimations for non-response (€110M), Other semi-finished products (€81.2M), Pharmaceutical products (€66.5M), Estimations for exemptions (€56.8M), and Meat and meat products (€51M).

Origins In August 2024 the exports of Germany were mainly from North Rhine-Westphalia (€308M), Lower Saxony (€216M), Baden-Württemberg (€188M), Bavaria (€153M), and Schleswig-Holstein (€136M), while imports destinations were mainly Schleswig-Holstein (€271M), North Rhine-Westphalia (€233M), Lower Saxony (€161M), Baden-Württemberg (€98.4M), and Mecklenburg-Vorpommern (€90.5M).

Growth In August 2024, the increase in Germany's year-by-year exports to Denmark was explained primarily by an increase in product exports in Estimations for non-response (€101M or 16.2k%), Motor cars and motor caravans (€50.7M or 44.5%), and Meat and meat products (€34.9M or 149%). In August 2024, the increase in Germany's year-by-year imports from Denmark was explained primarily by an increase in product imports in Estimations for non-response (€67.7M or 160%), Meat and meat products (€20.2M or 65.9%), and Pharmaceutical products (€18.7M or 39.2%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€115M(6.64%)

IMPORT GROWTH (August 2023 - August 2024)€53.1M(4.47%)

MAIN EXPORTER (August 2024)North Rhine-Westphalia€308M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $25.4B to Denmark. The main products exported from Germany to Denmark were Cars ($2.31B), Petroleum Gas ($1.64B), and Electricity ($630M). During the last 5 years the exports of Germany to Denmark have increased at an annualized rate of 5.1%, from $19.8B in 2017 to $25.4B in 2022.

In 2017, Denmark exported $18.9B to Germany. The main products exported from Denmark to Germany were Electricity ($2.41B), Cars ($958M), and Packaged Medicaments ($568M). During the last 5 years the exports of Denmark to Germany have increased at an annualized rate of 5.34%, from $14.5B in 2022 to $18.9B in 2017.

Exports from Germany () to Denmark () (2022)

Exports from Denmark () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Germany than Denmark included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Denmark than Germany included Greenland ($587M), British Virgin Islands ($13.6M), and Central African Republic ($13.9M).

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

Comparative Advantage Germany - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Denmark in the exports of Machines ($5.38B), Transportation ($3.75B), and Mineral Products ($2.53B).

During 2017, Denmark had a large net trade with Germany in the exports of Machines ($3.07B), Mineral Products ($2.74B), and Animal Products ($2.33B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Germany Denmark+$616MCars

Top Product Potential Denmark Germany+$578MPackaged 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

Deu Year

In 2020, Germany exported services to Denmark worth $3.51B, with Transportation ($1.27B), Other business services ($848M), and Travel ($828M) being the largest in terms of value.

In 2020, Denmark exported services to Germany worth $7.17B, with Transportation ($2.76B), Travel ($1.8B), and Other business services ($1.29B) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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