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2023
Flag → Flag
Exports $1.22BRnk 21 / 217
2023
Flag → Flag
Top Product $421MPackaged Medicaments
2023
Flag → Flag
Exports $92.3MRnk 78 / 182
2023
Flag → Flag
Top Product $63.8MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Denmark-Saudi Arabia Trade: In 2023, Denmark exported $1.22B to Saudi Arabia. The main products that Denmark exported to Saudi Arabia were Packaged Medicaments ($421M), Cheese ($105M), and Coal Tar Oil ($75.7M). Over the past 5 years the exports of Denmark to Saudi Arabia have increased at an annualized rate of 5.56%, from $928M in 2018 to $1.22B in 2023.

In 2023, Denmark did not export any services to Saudi Arabia.

Saudi Arabia-Denmark Trade: In 2023, Saudi Arabia exported $92.3M to Denmark. The main products that Saudi Arabia exported to Denmark were Refined Petroleum ($63.8M), Propylene Polymers ($20.5M), and Coal Tar Oil ($3.02M). Over the past 5 years the exports of Saudi Arabia to Denmark have increased at an annualized rate of 26.2%,  from $28.8M in 2018 to $92.3M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $1.22B to Saudi Arabia. The main products exported from Denmark to Saudi Arabia were Packaged Medicaments ($421M), Cheese ($105M), and Coal Tar Oil ($75.7M). During the last 5 years the exports of Denmark to Saudi Arabia have increased at an annualized rate of 5.56%, from $928M in 2018 to $1.22B in 2023.

In 2018, Saudi Arabia exported $92.3M to Denmark. The main products exported from Saudi Arabia to Denmark were Refined Petroleum ($63.8M), Propylene Polymers ($20.5M), and Coal Tar Oil ($3.02M). During the last 5 years the exports of Saudi Arabia to Denmark have increased at an annualized rate of 26.2%, from $28.8M in 2023 to $92.3M in 2018.

Exports from Denmark (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Denmark (Flag) (2023)

Latest Data

Trade between Denmark (Flag) and Saudi Arabia (Flag)

Denmark Exports

Saudi Arabia Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Denmark than Saudi Arabia included Germany ($14.8B), Sweden ($11.2B), and Norway ($4.75B).

In 2023, countries that imported more from Saudi Arabia than Denmark included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - Saudi Arabia

Flow
Scale

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

During 2023, Denmark had a large net trade with Saudi Arabia in the exports of Chemical Products ($511M), Animal Products ($154M), and Foodstuffs ($147M).

During 2018, Saudi Arabia had a large net trade with Denmark in the exports of Mineral Products ($66.9M), Plastics and Rubbers ($22.2M), and Machines ($1.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Saudi Arabia+$12.6MVaccines, blood, antisera, toxins and cultures
Top Product Potential Saudi Arabia Denmark+$54.2MRefined Petroleum

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

Product Space of Denmark (Flag) and Saudi Arabia (Flag) (2023)

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