2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 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
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Denmark-Singapore Trade: In 2023, Denmark exported $944M to Singapore. The main products that Denmark exported to Singapore were Coal Tar Oil ($294M), Refined Petroleum ($138M), and Passenger and Cargo Ships ($63.2M). Over the past 5 years the exports of Denmark to Singapore have increased at an annualized rate of 13.3%, from $505M in 2018 to $944M in 2023.

In 2020, Denmark exported services to Singapore worth $2.93B, with Transportation ($2.56B), Other business services ($270M), and Computer and information services ($28.2M) being the largest in terms of value.

Singapore-Denmark Trade: In 2023, Singapore exported $888M to Denmark. The main products that Singapore exported to Denmark were Passenger and Cargo Ships ($817M), Office Machine Parts ($4.38M), and Aircraft parts (gliders, balloons, and powered aircraft) ($4.33M). Over the past 5 years the exports of Singapore to Denmark have increased at an annualized rate of 12.8%,  from $486M in 2018 to $888M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $944M to Singapore. The main products exported from Denmark to Singapore were Coal Tar Oil ($294M), Refined Petroleum ($138M), and Passenger and Cargo Ships ($63.2M). During the last 5 years the exports of Denmark to Singapore have increased at an annualized rate of 13.3%, from $505M in 2018 to $944M in 2023.

In 2018, Singapore exported $888M to Denmark. The main products exported from Singapore to Denmark were Passenger and Cargo Ships ($817M), Office Machine Parts ($4.38M), and Aircraft parts (gliders, balloons, and powered aircraft) ($4.33M). During the last 5 years the exports of Singapore to Denmark have increased at an annualized rate of 12.8%, from $486M in 2023 to $888M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Singapore (Flag)

Denmark Exports

Singapore Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Denmark than Singapore included Sweden ($11.2B), Germany ($14.8B), and Poland ($4.6B).

In 2023, countries that imported more from Singapore than Denmark included Hong Kong ($44.5B), Malaysia ($31.4B), and China ($36.7B).

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

Comparative Advantage Denmark - Singapore

Flow
Scale

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

During 2023, Denmark had a large net trade with Singapore in the exports of Mineral Products ($433M), Machines ($141M), and Chemical Products ($83M).

During 2018, Singapore had a large net trade with Denmark in the exports of Transportation ($823M), Machines ($42.2M), and Instruments ($7.66M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Singapore+$44MRefined Petroleum
Top Product Potential Singapore Denmark+$7.51MComputers

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

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

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