Germany (DEU) and Denmark (DNK) Trade

2023

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Exports $23.2BRnk 17 / 220

2023

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About

Germany-Denmark Trade: In 2023, Germany exported $23.2B to Denmark. The main products that Germany exported to Denmark were Cars ($2.77B), Delivery Trucks ($517M), and Packaged Medicaments ($469M). Over the past 5 years the exports of Germany to Denmark have increased at an annualized rate of 0.22%, from $23B in 2018 to $23.2B in 2023.

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 2023, Denmark exported $14.8B to Germany. The main products that Denmark exported to Germany were Electricity ($963M), Packaged Medicaments ($724M), and Cars ($702M). Over the past 5 years the exports of Denmark to Germany have increased at an annualized rate of 1.22%, from $13.7B in 2018 to $14.8B in 2023.

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 2023, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €1.89B and imported €1.22B from Denmark, resulting in a positive trade balance of €674M. Between November 2023 and November 2024 the exports of Germany have decreased by €-109M (-5.44%) from €2B to €1.89B, while imports decreased by €-3.02M (-0.25%) from €1.22B to €1.22B.

Trade In November 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 November 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 November 2024 the exports of Germany were mainly from North Rhine-Westphalia (€317M), Lower Saxony (€237M), Bavaria (€198M), Baden-Württemberg (€166M), and Schleswig-Holstein (€141M), while imports destinations were mainly North Rhine-Westphalia (€292M), Schleswig-Holstein (€219M), Lower Saxony (€144M), Baden-Württemberg (€93.4M), and Bavaria (€79.3M).

Growth In November 2024, the decrease in Germany's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Petroleum oil and petroleum gases (€-23.3M or -89.7%), Plastics (€-8.75M or -21.4%), and Other semi-finished products (€-8.6M or -14.4%). In November 2024, the decrease in Germany's year-by-year imports from Denmark was explained primarily by an decrease in product imports in Other semi-finished products (€-24.9M or -23.5%), Engines (excl. for tractor,aircraft, road vehicle) (€-19.5M or -52.8%), and Milk and milk products except butter... (€-17.3M or -44%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€-109M(-5.44%)

IMPORT GROWTH (November 2023 - November 2024)€-3.02M(-0.25%)

MAIN EXPORTER (November 2024)North Rhine-Westphalia€317M

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 2023, Germany exported $23.2B to Denmark. The main products exported from Germany to Denmark were Cars ($2.77B), Delivery Trucks ($517M), and Packaged Medicaments ($469M). During the last 5 years the exports of Germany to Denmark have increased at an annualized rate of 0.22%, from $23B in 2018 to $23.2B in 2023.

In 2018, Denmark exported $14.8B to Germany. The main products exported from Denmark to Germany were Electricity ($963M), Packaged Medicaments ($724M), and Cars ($702M). During the last 5 years the exports of Denmark to Germany have increased at an annualized rate of 1.22%, from $13.7B in 2023 to $14.8B in 2018.

Exports from Germany () to Denmark () (2023)

Exports from Denmark () to Germany () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$157B

Denmark
Top DestinationGermany$14.8B

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 2023, countries that imported more from Germany than Denmark included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Denmark than Germany included Greenland ($647M), British Virgin Islands ($36.1M), and Gibraltar ($54.9M).

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

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 2023, Germany had a large net trade with Denmark in the exports of Machines ($5.22B), Transportation ($4.47B), and Chemical Products ($2.29B).

During 2018, Denmark had a large net trade with Germany in the exports of Machines ($2.48B), Animal Products ($2.41B), and Chemical Products ($1.62B).

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 () (2023)

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