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2022
Flag → Flag
Exports $318MRnk 48 / 218
2022
Flag → Flag
Top Product $50.4MPig Meat
2022
Flag → Flag
Exports $138MRnk 33 / 205
2022
Flag → Flag
Top Product $46.4MOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Denmark-Philippines Trade: In 2022, Denmark exported $318M to Philippines. The main products that Denmark exported to Philippines were Pig Meat ($50.4M), Packaged Medicaments ($28.2M), and Orthopedic Appliances ($26.3M). Over the past 5 years the exports of Denmark to Philippines have increased at an annualized rate of 12.5%, from $177M in 2017 to $318M in 2022.

In 2020, Denmark exported services to Philippines worth $118M, with Transportation ($88.9M), Construction services ($9.82M), and Other business services ($7.31M) being the largest in terms of value.

Philippines-Denmark Trade: In 2022, Philippines exported $138M to Denmark. The main products that Philippines exported to Denmark were Orthopedic Appliances ($46.4M), Integrated Circuits ($18.1M), and Eyewear Frames ($17.4M). Over the past 5 years the exports of Philippines to Denmark have increased at an annualized rate of 17.9%,  from $60.3M in 2017 to $138M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $318M to Philippines. The main products exported from Denmark to Philippines were Pig Meat ($50.4M), Packaged Medicaments ($28.2M), and Orthopedic Appliances ($26.3M). During the last 5 years the exports of Denmark to Philippines have increased at an annualized rate of 12.5%, from $177M in 2017 to $318M in 2022.

In 2017, Philippines exported $138M to Denmark. The main products exported from Philippines to Denmark were Orthopedic Appliances ($46.4M), Integrated Circuits ($18.1M), and Eyewear Frames ($17.4M). During the last 5 years the exports of Philippines to Denmark have increased at an annualized rate of 17.9%, from $60.3M in 2022 to $138M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Philippines (Flag)

Denmark Exports

Philippines Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Denmark included Hong Kong ($12.6B), China ($15.3B), and Japan ($11.3B).

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

Comparative Advantage Denmark - Philippines

Flow
Scale

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

During 2022, Denmark had a large net trade with Philippines in the exports of Animal Products ($118M), Chemical Products ($60.7M), and Instruments ($40.7M).

During 2017, Philippines had a large net trade with Denmark in the exports of Instruments ($65.5M), Machines ($46.8M), and Vegetable Products ($12.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Philippines+$5.66MPig Meat
Top Product Potential Philippines Denmark+$21.7MIntegrated Circuits

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

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

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