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2022
Flag → Flag
Exports $330MRnk 45 / 218
2022
Flag → Flag
Top Product $33.3MPackaged Medicaments
2022
Flag → Flag
Exports $259MRnk 39 / 198
2022
Flag → Flag
Top Product $41.8MSemiconductor Devices
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Denmark-Hong Kong Trade: In 2022, Denmark exported $330M to Hong Kong. The main products that Denmark exported to Hong Kong were Packaged Medicaments ($33.3M), Beauty Products ($19M), and Baked Goods ($17.3M). Over the past 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 14.2%, from $708M in 2017 to $330M in 2022.

In 2020, Denmark exported services to Hong Kong worth $1.86B, with Transportation ($1.78B), Other business services ($24.8M), and Computer and information services ($21.9M) being the largest in terms of value.

Hong Kong-Denmark In N/A, Hong Kong did not export any products to Denmark.

In 2022, Hong Kong did not export any services to Denmark.

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $330M to Hong Kong. The main products exported from Denmark to Hong Kong were Packaged Medicaments ($33.3M), Beauty Products ($19M), and Baked Goods ($17.3M). During the last 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 14.2%, from $708M in 2017 to $330M in 2022.

Hong Kong does not register exports to Denmark. The main products exported from Hong Kong to Denmark were Semiconductor Devices ($41.8M), Passenger and Cargo Ships ($23.2M), and Light Fixtures ($20.7M).

Exports from Denmark (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Hong Kong (Flag)

Denmark Exports

Hong Kong Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Hong Kong
Top DestinationChina$23.4B

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

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

In 2022, countries that imported more from Hong Kong than Denmark included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - Hong Kong

Flow
Scale

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

During 2022, Denmark had a large net trade with Hong Kong in the exports of Machines ($79.3M), Chemical Products ($65M), and Foodstuffs ($49.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Hong Kong+$21.5MPackaged Medicaments
Top Product Potential Hong Kong Denmark+$9.17MTelephones

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

Product Space of Denmark (Flag) and Hong Kong (Flag) (2022)

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