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2023
Flag → Flag
Exports $12BRnk 2 / 217
2023
Flag → Flag
Top Product $4.51BPackaged Medicaments
2023
Flag → Flag
Exports $5.36BRnk 46 / 220
2023
Flag → Flag
Top Product $1.9BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 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$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Denmark-United States Trade: In 2023, Denmark exported $12B to United States. The main products that Denmark exported to United States were Packaged Medicaments ($4.51B), Vaccines, blood, antisera, toxins and cultures ($789M), and Orthopedic Appliances ($438M). Over the past 5 years the exports of Denmark to United States have increased at an annualized rate of 5.87%, from $9.05B in 2018 to $12B in 2023.

In 2020, Denmark exported services to United States worth $10.6B, with Transportation ($5.76B), Royalties and license fees ($2.56B), and Other business services ($912M) being the largest in terms of value.

United States-Denmark In N/A, United States did not export any products to Denmark.

In 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $12B to United States. The main products exported from Denmark to United States were Packaged Medicaments ($4.51B), Vaccines, blood, antisera, toxins and cultures ($789M), and Orthopedic Appliances ($438M). During the last 5 years the exports of Denmark to United States have increased at an annualized rate of 5.87%, from $9.05B in 2018 to $12B in 2023.

United States does not register exports to Denmark. The main products exported from United States to Denmark were Crude Petroleum ($1.9B), Planes, Helicopters, and/or Spacecraft ($374M), and Refined Petroleum ($278M).

Exports from Denmark (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Denmark (Flag) (2023)

Latest Data

Trade between Denmark (Flag) and United States (Flag)

Denmark Exports

United States Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Denmark than United States included Sweden ($11.2B), Greenland ($647M), and Marshall Islands ($263M).

In 2023, countries that imported more from United States than Denmark included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - United States

Flow
Scale

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

During 2023, Denmark had a large net trade with United States in the exports of Chemical Products ($6.44B), Machines ($2.2B), and Instruments ($1.05B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark United States+$210MVaccines, blood, antisera, toxins and cultures
Top Product Potential United States Denmark+$196MRefined 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 United States. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Denmark.

Product Space of Denmark (Flag) and United States (Flag) (2023)

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