2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
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 GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
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GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Denmark-Ireland Trade: In 2022, Denmark exported $926M to Ireland. The main products that Denmark exported to Ireland were Packaged Medicaments ($117M), Vitamins ($35.8M), and Animal Food ($33.6M). Over the past 5 years the exports of Denmark to Ireland have increased at an annualized rate of 5.88%, from $696M in 2017 to $926M in 2022.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Ireland-Denmark Trade: In 2022, Ireland exported $742M to Denmark. The main products that Ireland exported to Denmark were Scented Mixtures ($85.7M), Packaged Medicaments ($69.4M), and Office Machine Parts ($52.4M). Over the past 5 years the exports of Ireland to Denmark have decreased at an annualized rate of 6.62%,  from $1.05B in 2017 to $742M in 2022.

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $926M to Ireland. The main products exported from Denmark to Ireland were Packaged Medicaments ($117M), Vitamins ($35.8M), and Animal Food ($33.6M). During the last 5 years the exports of Denmark to Ireland have increased at an annualized rate of 5.88%, from $696M in 2017 to $926M in 2022.

In 2017, Ireland exported $742M to Denmark. The main products exported from Ireland to Denmark were Scented Mixtures ($85.7M), Packaged Medicaments ($69.4M), and Office Machine Parts ($52.4M). During the last 5 years the exports of Ireland to Denmark have decreased at an annualized rate of 6.62%, from $1.05B in 2022 to $742M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Ireland (Flag)

Denmark Exports

Ireland Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Ireland
Top Destination
United States$70.7B

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

In 2022, countries that imported more from Denmark than Ireland included Sweden ($11.6B), Norway ($6.53B), and Poland ($4.78B).

In 2022, countries that imported more from Ireland than Denmark included United States ($70.7B), Belgium ($17B), and United Kingdom ($19B).

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

Comparative Advantage Denmark - Ireland

Flow
Scale

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

During 2022, Denmark had a large net trade with Ireland in the exports of Chemical Products ($227M), Machines ($193M), and Foodstuffs ($81.6M).

During 2017, Ireland had a large net trade with Denmark in the exports of Chemical Products ($228M), Machines ($224M), and Animal Products ($88.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Ireland+$58.2MPackaged Medicaments
Top Product Potential Ireland Denmark+$63.4MPackaged Medicaments

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

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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