2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Denmark-Italy Trade: In 2022, Denmark exported $3.12B to Italy. The main products that Denmark exported to Italy were Packaged Medicaments ($288M), Pig Meat ($262M), and Valves ($107M). Over the past 5 years the exports of Denmark to Italy have increased at an annualized rate of 3.15%, from $2.68B in 2017 to $3.12B in 2022.

In 2020, Denmark exported services to Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

Italy-Denmark Trade: In 2022, Italy exported $4.39B to Denmark. The main products that Italy exported to Denmark were Wine ($164M), Special Purpose Ships ($160M), and Insulated Wire ($131M). Over the past 5 years the exports of Italy to Denmark have increased at an annualized rate of 5.57%,  from $3.34B in 2017 to $4.39B in 2022.

In 2020, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $3.12B to Italy. The main products exported from Denmark to Italy were Packaged Medicaments ($288M), Pig Meat ($262M), and Valves ($107M). During the last 5 years the exports of Denmark to Italy have increased at an annualized rate of 3.15%, from $2.68B in 2017 to $3.12B in 2022.

In 2017, Italy exported $4.39B to Denmark. The main products exported from Italy to Denmark were Wine ($164M), Special Purpose Ships ($160M), and Insulated Wire ($131M). During the last 5 years the exports of Italy to Denmark have increased at an annualized rate of 5.57%, from $3.34B in 2022 to $4.39B in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Italy (Flag)

Denmark Exports

Italy Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Denmark than Italy included Sweden ($11.6B), Norway ($6.53B), and Greenland ($587M).

In 2022, countries that imported more from Italy than Denmark included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Denmark - Italy

Flow
Scale

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

During 2022, Denmark had a large net trade with Italy in the exports of Animal Products ($797M), Machines ($649M), and Chemical Products ($559M).

During 2017, Italy had a large net trade with Denmark in the exports of Machines ($1.09B), Metals ($533M), and Foodstuffs ($493M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Italy+$198MPackaged Medicaments
Top Product Potential Italy Denmark+$90.3MPackaged 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 Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

In 2020, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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