2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 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
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GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Denmark-Belgium Trade: In 2022, Denmark exported $2.11B to Belgium. The main products that Denmark exported to Belgium were Packaged Medicaments ($170M), Cars ($109M), and Refined Petroleum ($102M). Over the past 5 years the exports of Denmark to Belgium have increased at an annualized rate of 5.39%, from $1.62B in 2017 to $2.11B in 2022.

In 2020, Denmark exported services to Belgium worth $949M, with Transportation ($562M), Other business services ($216M), and Computer and information services ($53.3M) being the largest in terms of value.

Belgium-Denmark Trade: In 2022, Belgium exported $3.62B to Denmark. The main products that Belgium exported to Denmark were Cars ($381M), Refined Petroleum ($306M), and Vaccines, blood, antisera, toxins and cultures ($241M). Over the past 5 years the exports of Belgium to Denmark have increased at an annualized rate of 6.2%,  from $2.53B in 2017 to $3.62B in 2022.

In 2020, Belgium exported services to Denmark worth $1.14B, with Other business services ($485M), Transportation ($324M), and Computer and information services ($143M) being the largest in terms of value.

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $2.11B to Belgium. The main products exported from Denmark to Belgium were Packaged Medicaments ($170M), Cars ($109M), and Refined Petroleum ($102M). During the last 5 years the exports of Denmark to Belgium have increased at an annualized rate of 5.39%, from $1.62B in 2017 to $2.11B in 2022.

In 2017, Belgium exported $3.62B to Denmark. The main products exported from Belgium to Denmark were Cars ($381M), Refined Petroleum ($306M), and Vaccines, blood, antisera, toxins and cultures ($241M). During the last 5 years the exports of Belgium to Denmark have increased at an annualized rate of 6.2%, from $2.53B in 2022 to $3.62B in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Belgium (Flag)

Denmark Exports

Belgium Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from Denmark than Belgium included Norway ($6.53B), Sweden ($11.6B), and Iceland ($744M).

In 2022, countries that imported more from Belgium than Denmark included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Denmark - Belgium

Flow
Scale

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

During 2022, Denmark had a large net trade with Belgium in the exports of Chemical Products ($397M), Machines ($351M), and Textiles ($245M).

During 2017, Belgium had a large net trade with Denmark in the exports of Chemical Products ($718M), Transportation ($532M), and Machines ($521M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Belgium+$141MPackaged Medicaments
Top Product Potential Belgium Denmark+$69.4MPackaged 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

In 2020, Denmark exported services to Belgium worth $949M, with Transportation ($562M), Other business services ($216M), and Computer and information services ($53.3M) being the largest in terms of value.

In 2020, Belgium exported services to Denmark worth $1.14B, with Other business services ($485M), Transportation ($324M), and Computer and information services ($143M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (Flag) to Belgium (Flag) (2020)

Services Exports from Belgium (Flag) to Denmark (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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