2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC 
$68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Denmark-India Trade: In 2023, Denmark exported $847M to India. The main products that Denmark exported to India were Packaged Medicaments ($124M), Scrap Vessels ($40.7M), and Scrap Iron ($33.4M). Over the past 5 years the exports of Denmark to India have increased at an annualized rate of 8.48%, from $564M in 2018 to $847M in 2023.

In 2020, Denmark exported services to India worth $1.44B, with Transportation ($1.27B), Other business services ($62M), and Construction services ($37.1M) being the largest in terms of value.

India-Denmark Trade: In 2023, India exported $1.03B to Denmark. The main products that India exported to Denmark were Refined Petroleum ($112M), Non-Knit Women's Suits ($83.1M), and Hot-Rolled Iron ($60.9M). Over the past 5 years the exports of India to Denmark have increased at an annualized rate of 3.68%,  from $858M in 2018 to $1.03B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $847M to India. The main products exported from Denmark to India were Packaged Medicaments ($124M), Scrap Vessels ($40.7M), and Scrap Iron ($33.4M). During the last 5 years the exports of Denmark to India have increased at an annualized rate of 8.48%, from $564M in 2018 to $847M in 2023.

In 2018, India exported $1.03B to Denmark. The main products exported from India to Denmark were Refined Petroleum ($112M), Non-Knit Women's Suits ($83.1M), and Hot-Rolled Iron ($60.9M). During the last 5 years the exports of India to Denmark have increased at an annualized rate of 3.68%, from $858M in 2023 to $1.03B in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and India (Flag)

Denmark Exports

India Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
India
Top Destination
United States$85.5B

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

In 2023, countries that imported more from Denmark than India included Sweden ($11.2B), Norway ($4.75B), and Finland ($1.94B).

In 2023, countries that imported more from India than Denmark included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Denmark - India

Flow
Scale

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

During 2023, Denmark had a large net trade with India in the exports of Machines ($267M), Chemical Products ($265M), and Metals ($102M).

During 2018, India had a large net trade with Denmark in the exports of Textiles ($309M), Machines ($166M), and Metals ($135M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark India+$81.6MRefined Petroleum
Top Product Potential India Denmark+$191MRefined 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Denmark and India. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Denmark.

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

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