2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 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
Flag
GDP PC
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Denmark-Estonia Trade: In 2022, Denmark exported $368M to Estonia. The main products that Denmark exported to Estonia were Hot-Rolled Iron ($12.5M), Other Edible Preparations ($9.19M), and Industrial Fatty Acids, Oils and Alcohols ($8.45M). Over the past 5 years the exports of Denmark to Estonia have increased at an annualized rate of 4.78%, from $292M in 2017 to $368M in 2022.

In 2020, Denmark exported services to Estonia worth $98.9M, with Transportation ($49.5M), Computer and information services ($13.5M), and Other business services ($12.9M) being the largest in terms of value.

Estonia-Denmark Trade: In 2022, Estonia exported $679M to Denmark. The main products that Estonia exported to Denmark were Fuel Wood ($167M), Refined Petroleum ($70.5M), and Wood Carpentry ($57.9M). Over the past 5 years the exports of Estonia to Denmark have increased at an annualized rate of 9.22%,  from $437M in 2017 to $679M in 2022.

In 2020, Estonia exported services to Denmark worth $101M, with Transportation ($49.9M), Other business services ($25.7M), and Computer and information services ($13.9M) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $368M to Estonia. The main products exported from Denmark to Estonia were Hot-Rolled Iron ($12.5M), Other Edible Preparations ($9.19M), and Industrial Fatty Acids, Oils and Alcohols ($8.45M). During the last 5 years the exports of Denmark to Estonia have increased at an annualized rate of 4.78%, from $292M in 2017 to $368M in 2022.

In 2017, Estonia exported $679M to Denmark. The main products exported from Estonia to Denmark were Fuel Wood ($167M), Refined Petroleum ($70.5M), and Wood Carpentry ($57.9M). During the last 5 years the exports of Estonia to Denmark have increased at an annualized rate of 9.22%, from $437M in 2022 to $679M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Estonia (Flag)

Denmark Exports

Estonia Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Estonia
Top Destination
Finland$3B

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

In 2022, countries that imported more from Denmark than Estonia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Estonia than Denmark included Latvia ($2.77B), Russia ($1.38B), and Lithuania ($1.51B).

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

Comparative Advantage Denmark - Estonia

Flow
Scale

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

During 2022, Denmark had a large net trade with Estonia in the exports of Machines ($75.4M), Foodstuffs ($52.6M), and Metals ($46.9M).

During 2017, Estonia had a large net trade with Denmark in the exports of Wood Products ($265M), Mineral Products ($103M), and Machines ($69.3M).

Bilateral Service Trade

In 2020, Denmark exported services to Estonia worth $98.9M, with Transportation ($49.5M), Computer and information services ($13.5M), and Other business services ($12.9M) being the largest in terms of value.

In 2020, Estonia exported services to Denmark worth $101M, with Transportation ($49.9M), Other business services ($25.7M), and Computer and information services ($13.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Estonia (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 Estonia. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Denmark.

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

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