2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Denmark-Australia Trade: In 2022, Denmark exported $1.27B to Australia. The main products that Denmark exported to Australia were Packaged Medicaments ($194M), Pig Meat ($165M), and Other Edible Preparations ($55.1M). Over the past 5 years the exports of Denmark to Australia have increased at an annualized rate of 2.32%, from $1.13B in 2017 to $1.27B in 2022.

In 2020, Denmark exported services to Australia worth $709M, with Transportation ($461M), Other business services ($60M), and Computer and information services ($46.5M) being the largest in terms of value.

Australia-Denmark Trade: In 2022, Australia exported $118M to Denmark. The main products that Australia exported to Denmark were Wine ($39.7M), Coal Briquettes ($27.8M), and Unpackaged Medicaments ($13.4M). Over the past 5 years the exports of Australia to Denmark have decreased at an annualized rate of 11.7%,  from $220M in 2017 to $118M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $1.27B to Australia. The main products exported from Denmark to Australia were Packaged Medicaments ($194M), Pig Meat ($165M), and Other Edible Preparations ($55.1M). During the last 5 years the exports of Denmark to Australia have increased at an annualized rate of 2.32%, from $1.13B in 2017 to $1.27B in 2022.

In 2017, Australia exported $118M to Denmark. The main products exported from Australia to Denmark were Wine ($39.7M), Coal Briquettes ($27.8M), and Unpackaged Medicaments ($13.4M). During the last 5 years the exports of Australia to Denmark have decreased at an annualized rate of 11.7%, from $220M in 2022 to $118M in 2017.

Exports from Denmark (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Australia (Flag)

Denmark Exports

Australia Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Australia
Top Destination
China$123B

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

In 2022, countries that imported more from Denmark than Australia included Germany ($18.9B), Sweden ($11.6B), and Norway ($6.53B).

In 2022, countries that imported more from Australia than Denmark included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - Australia

Flow
Scale

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

During 2022, Denmark had a large net trade with Australia in the exports of Machines ($316M), Chemical Products ($304M), and Animal Products ($268M).

During 2017, Australia had a large net trade with Denmark in the exports of Foodstuffs ($40M), Mineral Products ($27.8M), and Chemical Products ($19.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Australia+$47.1MPackaged Medicaments
Top Product Potential Australia Denmark+$19.4MCoal Briquettes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Denmark (Flag) and Australia (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with