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2023
Flag → Flag
Exports $34.2MRnk 101 / 217
2023
Flag → Flag
Top Product $6.55MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $5.48MRnk 52 / 130
2023
Flag → Flag
Top Product $4.56MTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Denmark-Iran Trade: In 2023, Denmark exported $34.2M to Iran. The main products that Denmark exported to Iran were Vaccines, blood, antisera, toxins and cultures ($6.55M), Vegetable or Animal Dyes ($6.39M), and Medical Instruments ($4.86M). Over the past 5 years the exports of Denmark to Iran have decreased at an annualized rate of 33.7%, from $268M in 2018 to $34.2M in 2023.

In 2023, Denmark did not export any services to Iran.

Iran-Denmark Trade: In 2023, Iran exported $5.48M to Denmark. The main products that Iran exported to Denmark were Tropical Fruits ($4.56M), Other Processed Fruits and Nuts ($252k), and Chocolate ($169k). Over the past 5 years the exports of Iran to Denmark have decreased at an annualized rate of 13.5%,  from $11.3M in 2018 to $5.48M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $34.2M to Iran. The main products exported from Denmark to Iran were Vaccines, blood, antisera, toxins and cultures ($6.55M), Vegetable or Animal Dyes ($6.39M), and Medical Instruments ($4.86M). During the last 5 years the exports of Denmark to Iran have decreased at an annualized rate of 33.7%, from $268M in 2018 to $34.2M in 2023.

In 2018, Iran exported $5.48M to Denmark. The main products exported from Iran to Denmark were Tropical Fruits ($4.56M), Other Processed Fruits and Nuts ($252k), and Chocolate ($169k). During the last 5 years the exports of Iran to Denmark have decreased at an annualized rate of 13.5%, from $11.3M in 2023 to $5.48M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Iran (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Denmark included Turkey ($2.18B), Pakistan ($943M), and Armenia ($597M).

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

Comparative Advantage Denmark - Iran

Flow
Scale

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

During 2023, Denmark had a large net trade with Iran in the exports of Chemical Products ($19.1M), Instruments ($5.85M), and Machines ($3.7M).

During 2018, Iran had a large net trade with Denmark in the exports of Vegetable Products ($4.59M), Foodstuffs ($522k), and Plastics and Rubbers ($96.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Iran+$5.49MVaccines, blood, antisera, toxins and cultures
Top Product Potential Iran Denmark+$501kTropical Fruits

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

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

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