2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
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 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
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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
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Denmark-Spain Trade: In 2022, Denmark exported $3.21B to Spain. The main products that Denmark exported to Spain were Packaged Medicaments ($434M), Coal Tar Oil ($253M), and Refined Petroleum ($165M). Over the past 5 years the exports of Denmark to Spain have increased at an annualized rate of 7.78%, from $2.21B in 2017 to $3.21B in 2022.

In 2020, Denmark exported services to Spain worth $1.16B, with Transportation ($841M), Other business services ($123M), and Construction services ($52.1M) being the largest in terms of value.

Spain-Denmark Trade: In 2022, Spain exported $2.63B to Denmark. The main products that Spain exported to Denmark were Cars ($350M), Packaged Medicaments ($87.8M), and Vegetable Saps ($79.3M). Over the past 5 years the exports of Spain to Denmark have increased at an annualized rate of 4.82%,  from $1.81B in 2017 to $2.63B in 2022.

In 2009, Spain exported services to Denmark worth $2.7B, with Services not allocated ($1.45B), Travel ($1.14B), and Transportation ($115M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $3.21B to Spain. The main products exported from Denmark to Spain were Packaged Medicaments ($434M), Coal Tar Oil ($253M), and Refined Petroleum ($165M). During the last 5 years the exports of Denmark to Spain have increased at an annualized rate of 7.78%, from $2.21B in 2017 to $3.21B in 2022.

In 2017, Spain exported $2.63B to Denmark. The main products exported from Spain to Denmark were Cars ($350M), Packaged Medicaments ($87.8M), and Vegetable Saps ($79.3M). During the last 5 years the exports of Spain to Denmark have increased at an annualized rate of 4.82%, from $1.81B in 2022 to $2.63B in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Spain (Flag)

Denmark Exports

Spain Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Denmark than Spain included Sweden ($11.6B), Norway ($6.53B), and Finland ($2.37B).

In 2022, countries that imported more from Spain than Denmark included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

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

Comparative Advantage Denmark - Spain

Flow
Scale

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

During 2022, Denmark had a large net trade with Spain in the exports of Chemical Products ($735M), Mineral Products ($541M), and Animal Products ($489M).

During 2017, Spain had a large net trade with Denmark in the exports of Transportation ($488M), Metals ($368M), and Vegetable Products ($358M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Spain+$135MPackaged Medicaments
Top Product Potential Spain Denmark+$106MCars

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 Spain. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Denmark.

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

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