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2023
Flag → Flag
Exports $238MRnk 54 / 217
2023
Flag → Flag
Top Product $22MReaction and Catalytic Products
2023
Flag → Flag
Exports $198MRnk 74 / 213
2023
Flag → Flag
Top Product $51.8MLeather Footwear
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Denmark-Indonesia Trade: In 2023, Denmark exported $238M to Indonesia. The main products that Denmark exported to Indonesia were Reaction and Catalytic Products ($22M), Passenger and Cargo Ships ($19.4M), and Packaged Medicaments ($12.6M). Over the past 5 years the exports of Denmark to Indonesia have increased at an annualized rate of 2.27%, from $213M in 2018 to $238M in 2023.

In 2020, Denmark exported services to Indonesia worth $207M, with Transportation ($171M), Construction services ($10.9M), and Other business services ($8.68M) being the largest in terms of value.

Indonesia-Denmark Trade: In 2023, Indonesia exported $198M to Denmark. The main products that Indonesia exported to Denmark were Leather Footwear ($51.8M), Palm Oil ($32.9M), and Other Furniture ($13.9M). Over the past 5 years the exports of Indonesia to Denmark have decreased at an annualized rate of 8.44%,  from $308M in 2018 to $198M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $238M to Indonesia. The main products exported from Denmark to Indonesia were Reaction and Catalytic Products ($22M), Passenger and Cargo Ships ($19.4M), and Packaged Medicaments ($12.6M). During the last 5 years the exports of Denmark to Indonesia have increased at an annualized rate of 2.27%, from $213M in 2018 to $238M in 2023.

In 2018, Indonesia exported $198M to Denmark. The main products exported from Indonesia to Denmark were Leather Footwear ($51.8M), Palm Oil ($32.9M), and Other Furniture ($13.9M). During the last 5 years the exports of Indonesia to Denmark have decreased at an annualized rate of 8.44%, from $308M in 2023 to $198M in 2018.

Exports from Denmark (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Denmark (Flag) (2023)

Latest Data

Trade between Denmark (Flag) and Indonesia (Flag)

Denmark Exports

Indonesia Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Indonesia
Top DestinationChina$70.7B

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

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

In 2023, countries that imported more from Indonesia than Denmark included China ($70.7B), India ($24B), and Japan ($23.7B).

Difference in imports from Indonesia (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - Indonesia

Flow
Scale

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

During 2023, Denmark had a large net trade with Indonesia in the exports of Chemical Products ($62.3M), Machines ($59.6M), and Foodstuffs ($28.8M).

During 2018, Indonesia had a large net trade with Denmark in the exports of Footwear and Headwear ($65.8M), Animal and Vegetable Bi-Products ($40.5M), and Miscellaneous ($29.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Indonesia+$13.9MPackaged Medicaments
Top Product Potential Indonesia Denmark+$19.8MPalm Oil

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

Product Space of Denmark (Flag) and Indonesia (Flag) (2023)

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