2022
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GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
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 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Denmark-Russia In 2022, Denmark exported $322M to Russia. The main products that Denmark exported to Russia are Passenger and Cargo Ships ($30.4M), Industrial Food Preperation Machinery ($24.8M), and Malt Extract ($21.2M). During the last 27 years the exports of Denmark to Russia have decreased at an annualized rate of 2.4%, from $622M in 1995 to $322M in 2022.

In 2020, Denmark exported services to Russia worth $734M, with Transportation ($577M), Other business services ($53.7M), and Construction services ($42.5M) being the largest in terms of value.

Russia-Denmark In 2022, Russia exported $752M to Denmark. The main products that Russia exported to Denmark were Semi-Finished Iron ($441M), Crude Petroleum ($61.4M), and Fuel Wood ($33.3M). During the last 27 years the exports of Russia to Denmark have increased at an annualized rate of 2.48%, from $388M in 1995 to $752M in 2022.

In 2020, Russia exported services to Denmark worth $221M, with Other business services ($134M), Transportation ($63.5M), and Computer and information services ($15.5M) being the largest in terms of value.

Comparison In 2022,  Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $322M to Russia. The main products exported from Denmark to Russia were Passenger and Cargo Ships ($30.4M), Industrial Food Preperation Machinery ($24.8M), and Malt Extract ($21.2M). During the last 27 years the exports of Denmark to Russia have decreased at an annualized rate of 2.4%, from $622M in 1995 to $322M in 2022.

In 2022, Russia exported $752M to Denmark. The main products exported from Russia to Denmark were Semi-Finished Iron ($441M), Crude Petroleum ($61.4M), and Fuel Wood ($33.3M). During the last 27 years the exports of Russia to Denmark have increased at an annualized rate of 2.48%, from $388M in 1995 to $752M in 2022.

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

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

Latest Data

Trade between Denmark (Flag) and Russia (Flag)

Denmark Exports

Russia Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Russia
Top Destination
China$101B

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

In 2021, countries that imported more from Denmark than Russia were Sweden ($11.6B), Norway ($6.53B), and Canada ($1.44B).

In 2021, countries that imported more from Russia than Denmark were China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Denmark - Russia

Flow
Scale

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

During 2022, Denmark had a large net trade with Russia in the exports of Machines ($98.3M), Chemical Products ($59M), and Transportation ($42.1M).

During 2022, Russia had a large net trade with Denmark in the exports of Metals ($478M), Mineral Products ($79.5M), and Foodstuffs ($46.1M).

Service Trade

Bilateral Service Trade

In 2020, Denmark exported services to Russia worth $734M, with Transportation ($577M), Other business services ($53.7M), and Construction services ($42.5M) being the largest in terms of value.

In 2020, Russia exported services to Denmark worth $221M, with Other business services ($134M), Transportation ($63.5M), and Computer and information services ($15.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Denmark has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Denmark.

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

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