Denmark (DNK) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Denmark-Greece Trade: In 2023, Denmark exported $628M to Greece. The main products that Denmark exported to Greece were Electric Generating Sets ($71.8M), Pig Meat ($55.5M), and Packaged Medicaments ($48.8M). Over the past 5 years the exports of Denmark to Greece have decreased at an annualized rate of 0.079%, from $631M in 2018 to $628M in 2023.

In 2011, Denmark exported services to Greece worth $320M, with Transportation ($260M), Other business services ($26.6M), and Travel ($12M) being the largest in terms of value.

Greece-Denmark Trade: In 2023, Greece exported $179M to Denmark. The main products that Greece exported to Denmark were Aluminium Plating ($24.6M), Cheese ($15.5M), and Fermented Milk Products ($7.81M). Over the past 5 years the exports of Greece to Denmark have decreased at an annualized rate of 2.4%, from $202M in 2018 to $179M in 2023.

In 2020, Greece exported services to Denmark worth $282M, with Transportation ($173M), Travel ($66.2M), and Other business services ($23.2M) 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $628M to Greece. The main products exported from Denmark to Greece were Electric Generating Sets ($71.8M), Pig Meat ($55.5M), and Packaged Medicaments ($48.8M). During the last 5 years the exports of Denmark to Greece have decreased at an annualized rate of 0.079%, from $631M in 2018 to $628M in 2023.

In 2018, Greece exported $179M to Denmark. The main products exported from Greece to Denmark were Aluminium Plating ($24.6M), Cheese ($15.5M), and Fermented Milk Products ($7.81M). During the last 5 years the exports of Greece to Denmark have decreased at an annualized rate of 2.4%, from $202M in 2023 to $179M in 2018.

Exports from Denmark () to Greece () (2023)

Exports from Greece () to Denmark () (2023)

Latest Data

Trade between Denmark () and Greece ()

Denmark Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Denmark than Greece included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

In 2023, countries that imported more from Greece than Denmark included Cyprus ($3.03B), Italy ($6.21B), and Bulgaria ($2.38B).

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

Comparative Advantage Denmark - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Greece in the exports of Animal Products ($175M), Machines ($133M), and Chemical Products ($93.1M).

During 2018, Greece had a large net trade with Denmark in the exports of Metals ($41M), Animal Products ($25.4M), and Machines ($22.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Greece+$33.5MPackaged Medicaments

Top Product Potential Greece Denmark+$15MRefined Petroleum

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

Grc Year

Dnk Year

In 2011, Denmark exported services to Greece worth $320M, with Transportation ($260M), Other business services ($26.6M), and Travel ($12M) being the largest in terms of value.

In 2020, Greece exported services to Denmark worth $282M, with Transportation ($173M), Travel ($66.2M), and Other business services ($23.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Greece () (2011)

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

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Greece () (2023)

Exports from Greece () to Denmark () (2023)

Latest Data

Trade between Denmark () and Greece ()

Denmark Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Denmark - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Denmark () to Greece () (2011)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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