Denmark (DNK) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Denmark-Colombia Trade: In 2023, Denmark exported $201M to Colombia. The main products that Denmark exported to Colombia were Packaged Medicaments ($95.5M), Vaccines, blood, antisera, toxins and cultures ($13.4M), and Enzymes ($9.78M). Over the past 5 years the exports of Denmark to Colombia have increased at an annualized rate of 9.1%, from $130M in 2018 to $201M in 2023.

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

Colombia-Denmark Trade: In 2023, Colombia exported $39.5M to Denmark. The main products that Colombia exported to Denmark were Coal Briquettes ($16.4M), Coffee ($6.94M), and Coal Tar Oil ($5.26M). Over the past 5 years the exports of Colombia to Denmark have increased at an annualized rate of 14.7%, from $19.9M in 2018 to $39.5M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $201M to Colombia. The main products exported from Denmark to Colombia were Packaged Medicaments ($95.5M), Vaccines, blood, antisera, toxins and cultures ($13.4M), and Enzymes ($9.78M). During the last 5 years the exports of Denmark to Colombia have increased at an annualized rate of 9.1%, from $130M in 2018 to $201M in 2023.

In 2018, Colombia exported $39.5M to Denmark. The main products exported from Colombia to Denmark were Coal Briquettes ($16.4M), Coffee ($6.94M), and Coal Tar Oil ($5.26M). During the last 5 years the exports of Colombia to Denmark have increased at an annualized rate of 14.7%, from $19.9M in 2023 to $39.5M in 2018.

Exports from Denmark () to Colombia () (2023)

Exports from Colombia () to Denmark () (2023)

Latest Data

Trade between Denmark () and Colombia ()

Denmark Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Denmark included Panama ($4.66B), United States ($14.8B), and Ecuador ($2.19B).

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

Comparative Advantage Denmark - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Colombia in the exports of Chemical Products ($142M), Machines ($25.2M), and Instruments ($14.7M).

During 2018, Colombia had a large net trade with Denmark in the exports of Mineral Products ($21.7M), Vegetable Products ($10.1M), and Foodstuffs ($6.03M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Colombia+$27.4MPackaged Medicaments

Top Product Potential Colombia Denmark+$4.34MCoffee

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Colombia () (2023)

Exports from Colombia () to Denmark () (2023)

Latest Data

Trade between Denmark () and Colombia ()

Denmark Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Denmark - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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