Denmark (DNK) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Denmark-Belgium Trade: In 2023, Denmark exported $1.85B to Belgium. The main products that Denmark exported to Belgium were Packaged Medicaments ($161M), Cars ($147M), and Refined Petroleum ($75.8M). Over the past 5 years the exports of Denmark to Belgium have increased at an annualized rate of 4.64%, from $1.47B in 2018 to $1.85B in 2023.

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 2023, Belgium exported $3.88B to Denmark. The main products that Belgium exported to Denmark were Cars ($589M), Refined Petroleum ($198M), and Vaccines, blood, antisera, toxins and cultures ($197M). Over the past 5 years the exports of Belgium to Denmark have increased at an annualized rate of 5.56%, from $2.96B in 2018 to $3.88B in 2023.

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 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $1.85B to Belgium. The main products exported from Denmark to Belgium were Packaged Medicaments ($161M), Cars ($147M), and Refined Petroleum ($75.8M). During the last 5 years the exports of Denmark to Belgium have increased at an annualized rate of 4.64%, from $1.47B in 2018 to $1.85B in 2023.

In 2018, Belgium exported $3.88B to Denmark. The main products exported from Belgium to Denmark were Cars ($589M), Refined Petroleum ($198M), and Vaccines, blood, antisera, toxins and cultures ($197M). During the last 5 years the exports of Belgium to Denmark have increased at an annualized rate of 5.56%, from $2.96B in 2023 to $3.88B in 2018.

Exports from Denmark () to Belgium () (2023)

Exports from Belgium () to Denmark () (2023)

Latest Data

Trade between Denmark () and Belgium ()

Denmark Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Belgium
Top DestinationFrance$85.6B

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 2023, countries that imported more from Denmark than Belgium included Sweden ($11.2B), Norway ($4.75B), and Greenland ($647M).

In 2023, countries that imported more from Belgium than Denmark included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Denmark - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Belgium in the exports of Chemical Products ($366M), Machines ($283M), and Transportation ($219M).

During 2018, Belgium had a large net trade with Denmark in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Bel Year

Dnk Year

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 () to Belgium () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Belgium () (2023)

Exports from Belgium () to Denmark () (2023)

Latest Data

Trade between Denmark () and Belgium ()

Denmark Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Denmark - Belgium

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Denmark () and Belgium () (2023)

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