2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 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
$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Denmark-Philippines Trade: In 2023, Denmark exported $330M to Philippines. The main products that Denmark exported to Philippines were Pig Meat ($39.6M), Orthopedic Appliances ($30.9M), and Packaged Medicaments ($26.8M). Over the past 5 years the exports of Denmark to Philippines have increased at an annualized rate of 11%, from $196M in 2018 to $330M in 2023.

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 2023, Philippines exported $101M to Denmark. The main products that Philippines exported to Denmark were Orthopedic Appliances ($37.4M), Eyewear Frames ($13.2M), and Transmissions ($10.7M). Over the past 5 years the exports of Philippines to Denmark have increased at an annualized rate of 6.01%,  from $75.3M in 2018 to $101M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $330M to Philippines. The main products exported from Denmark to Philippines were Pig Meat ($39.6M), Orthopedic Appliances ($30.9M), and Packaged Medicaments ($26.8M). During the last 5 years the exports of Denmark to Philippines have increased at an annualized rate of 11%, from $196M in 2018 to $330M in 2023.

In 2018, Philippines exported $101M to Denmark. The main products exported from Philippines to Denmark were Orthopedic Appliances ($37.4M), Eyewear Frames ($13.2M), and Transmissions ($10.7M). During the last 5 years the exports of Philippines to Denmark have increased at an annualized rate of 6.01%, from $75.3M in 2023 to $101M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Philippines (Flag)

Denmark Exports

Philippines Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Philippines
Top Destination
China$19B

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 2023, countries that imported more from Denmark than Philippines included Sweden ($11.2B), Germany ($14.8B), and Netherlands ($7.89B).

In 2023, countries that imported more from Philippines than Denmark included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

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

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 2023, Denmark had a large net trade with Philippines in the exports of Animal Products ($106M), Chemical Products ($71.7M), and Instruments ($58.4M).

During 2018, Philippines had a large net trade with Denmark in the exports of Instruments ($51.8M), Machines ($32.3M), and Vegetable Products ($5.85M).

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) (2023)

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