2023
Flag  
GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP
$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH
16.8%CURRENT US$
Rnk 149 / 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
$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH
4.19%CURRENT US$
Rnk 147 / 195

About

Denmark-Turkey Trade: In 2023, Denmark exported $1.22B to Turkey. The main products that Denmark exported to Turkey were Scrap Iron ($382M), Enzymes ($81.9M), and Packaged Medicaments ($61.9M). Over the past 5 years the exports of Denmark to Turkey have increased at an annualized rate of 6.61%, from $888M in 2018 to $1.22B in 2023.

In 2020, Denmark exported services to Turkey worth $777M, with Transportation ($647M), Financial services ($30.6M), and Other business services ($27.9M) being the largest in terms of value.

Turkey-Denmark Trade: In 2023, Turkey exported $1.41B to Denmark. The main products that Turkey exported to Denmark were Fishing Ships ($116M), Non-Knit Men's Suits ($107M), and Delivery Trucks ($101M). Over the past 5 years the exports of Turkey to Denmark have increased at an annualized rate of 0.65%,  from $1.18B in 2018 to $1.41B in 2023.

In 2009, Turkey exported services to Denmark worth $202M, with Travel ($198M), Other business services ($3.1M), and Insurance services ($1.03M) being the largest in terms of value.

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $1.22B to Turkey. The main products exported from Denmark to Turkey were Scrap Iron ($382M), Enzymes ($81.9M), and Packaged Medicaments ($61.9M). During the last 5 years the exports of Denmark to Turkey have increased at an annualized rate of 6.61%, from $888M in 2018 to $1.22B in 2023.

In 2018, Turkey exported $1.41B to Denmark. The main products exported from Turkey to Denmark were Fishing Ships ($116M), Non-Knit Men's Suits ($107M), and Delivery Trucks ($101M). During the last 5 years the exports of Turkey to Denmark have increased at an annualized rate of 0.65%, from $1.18B in 2023 to $1.41B in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Turkey (Flag)

Denmark Exports

Turkey Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$14.8B
Turkey
Top Destination
Germany$24.7B

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

In 2023, countries that imported more from Denmark than Turkey included Sweden ($11.2B), Norway ($4.75B), and China ($5.91B).

In 2023, countries that imported more from Turkey than Denmark included United Arab Emirates ($14.7B), Iraq ($12.8B), and Russia ($10.8B).

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

Comparative Advantage Denmark - Turkey

Flow
Scale

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

During 2023, Denmark had a large net trade with Turkey in the exports of Metals ($415M), Machines ($268M), and Chemical Products ($262M).

During 2018, Turkey had a large net trade with Denmark in the exports of Textiles ($415M), Transportation ($347M), and Machines ($254M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Turkey+$67.1MPackaged Medicaments
Top Product Potential Turkey Denmark+$54.7MCars

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

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

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