2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 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
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Denmark-Mexico Trade: In 2023, Denmark exported $635M to Mexico. The main products that Denmark exported to Mexico were Orthopedic Appliances ($87.2M), Gas Turbines ($59.7M), and Reaction and Catalytic Products ($57.7M). Over the past 5 years the exports of Denmark to Mexico have increased at an annualized rate of 1.69%, from $584M in 2018 to $635M in 2023.

In 2020, Denmark exported services to Mexico worth $471M, with Transportation ($403M), Other business services ($23.2M), and Computer and information services ($17.7M) being the largest in terms of value.

Mexico-Denmark Trade: In 2023, Mexico exported $189M to Denmark. The main products that Mexico exported to Denmark were Fish Oil ($33.8M), Computers ($22.9M), and Microphones and Headphones ($18.6M). Over the past 5 years the exports of Mexico to Denmark have increased at an annualized rate of 3.18%,  from $161M in 2018 to $189M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $635M to Mexico. The main products exported from Denmark to Mexico were Orthopedic Appliances ($87.2M), Gas Turbines ($59.7M), and Reaction and Catalytic Products ($57.7M). During the last 5 years the exports of Denmark to Mexico have increased at an annualized rate of 1.69%, from $584M in 2018 to $635M in 2023.

In 2018, Mexico exported $189M to Denmark. The main products exported from Mexico to Denmark were Fish Oil ($33.8M), Computers ($22.9M), and Microphones and Headphones ($18.6M). During the last 5 years the exports of Mexico to Denmark have increased at an annualized rate of 3.18%, from $161M in 2023 to $189M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Mexico (Flag)

Denmark Exports

Mexico Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Mexico
Top Destination
United States$456B

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

In 2023, countries that imported more from Denmark than Mexico included Sweden ($11.2B), Netherlands ($7.89B), and Norway ($4.75B).

In 2023, countries that imported more from Mexico than Denmark included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Denmark - Mexico

Flow
Scale

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

During 2023, Denmark had a large net trade with Mexico in the exports of Machines ($234M), Chemical Products ($144M), and Instruments ($127M).

During 2018, Mexico had a large net trade with Denmark in the exports of Machines ($87.6M), Animal and Vegetable Bi-Products ($33.8M), and Metals ($18.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Mexico+$16.8MPackaged Medicaments
Top Product Potential Mexico Denmark+$40.3MComputers

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

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

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