2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Denmark-Australia Trade: In 2023, Denmark exported $1.43B to Australia. The main products that Denmark exported to Australia were Packaged Medicaments ($289M), Pig Meat ($119M), and Vaccines, blood, antisera, toxins and cultures ($96.3M). Over the past 5 years the exports of Denmark to Australia have increased at an annualized rate of 5.35%, from $1.1B in 2018 to $1.43B in 2023.

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 2023, Australia exported $207M to Denmark. The main products that Australia exported to Denmark were Passenger and Cargo Ships ($90.8M), Wine ($43M), and Tug Boats ($22.5M). Over the past 5 years the exports of Australia to Denmark have increased at an annualized rate of 22.6%,  from $74.5M in 2018 to $207M in 2023.

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

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $1.43B to Australia. The main products exported from Denmark to Australia were Packaged Medicaments ($289M), Pig Meat ($119M), and Vaccines, blood, antisera, toxins and cultures ($96.3M). During the last 5 years the exports of Denmark to Australia have increased at an annualized rate of 5.35%, from $1.1B in 2018 to $1.43B in 2023.

In 2018, Australia exported $207M to Denmark. The main products exported from Australia to Denmark were Passenger and Cargo Ships ($90.8M), Wine ($43M), and Tug Boats ($22.5M). During the last 5 years the exports of Australia to Denmark have increased at an annualized rate of 22.6%, from $74.5M in 2023 to $207M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Australia (Flag)

Denmark Exports

Australia Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Australia
Top Destination
China$137B

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 2023, countries that imported more from Denmark than Australia included Sweden ($11.2B), Germany ($14.8B), and Netherlands ($7.89B).

In 2023, countries that imported more from Australia than Denmark included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

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 2023, Denmark had a large net trade with Australia in the exports of Chemical Products ($451M), Machines ($337M), and Animal Products ($227M).

During 2018, Australia had a large net trade with Denmark in the exports of Transportation ($118M), Foodstuffs ($43.8M), and Machines ($18.7M).

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.

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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) (2023)

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