2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 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
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Denmark-South Korea Trade: In 2022, Denmark exported $1.04B to South Korea. The main products that Denmark exported to South Korea were Packaged Medicaments ($134M), Liquid Pumps ($62.6M), and Pig Meat ($61.2M). Over the past 5 years the exports of Denmark to South Korea have increased at an annualized rate of 8.43%, from $694M in 2017 to $1.04B in 2022.

In 2020, Denmark exported services to South Korea worth $836M, with Transportation ($674M), Royalties and license fees ($81.7M), and Computer and information services ($37.1M) being the largest in terms of value.

South Korea-Denmark Trade: In 2022, South Korea exported $639M to Denmark. The main products that South Korea exported to Denmark were Hot-Rolled Iron ($142M), Cars ($139M), and Engine Parts ($35.3M). Over the past 5 years the exports of South Korea to Denmark have decreased at an annualized rate of 14.4%,  from $1.39B in 2017 to $639M in 2022.

In 2022, South Korea did not export any services to Denmark.

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $1.04B to South Korea. The main products exported from Denmark to South Korea were Packaged Medicaments ($134M), Liquid Pumps ($62.6M), and Pig Meat ($61.2M). During the last 5 years the exports of Denmark to South Korea have increased at an annualized rate of 8.43%, from $694M in 2017 to $1.04B in 2022.

In 2017, South Korea exported $639M to Denmark. The main products exported from South Korea to Denmark were Hot-Rolled Iron ($142M), Cars ($139M), and Engine Parts ($35.3M). During the last 5 years the exports of South Korea to Denmark have decreased at an annualized rate of 14.4%, from $1.39B in 2022 to $639M in 2017.

Exports from Denmark (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and South Korea (Flag)

Denmark Exports

South Korea Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Denmark than South Korea included Sweden ($11.6B), Germany ($18.9B), and Norway ($6.53B).

In 2022, countries that imported more from South Korea than Denmark included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - South Korea

Flow
Scale

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

During 2022, Denmark had a large net trade with South Korea in the exports of Machines ($293M), Chemical Products ($261M), and Animal Products ($133M).

During 2017, South Korea had a large net trade with Denmark in the exports of Metals ($179M), Transportation ($144M), and Machines ($117M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark South Korea+$64MPackaged Medicaments
Top Product Potential South Korea Denmark+$87.8MCars

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

Product Space of Denmark (Flag) and South Korea (Flag) (2022)

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