2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Denmark-Venezuela Trade: In 2022, Denmark exported $8.34M to Venezuela. The main products that Denmark exported to Venezuela were Waxes ($1.14M), Industrial Food Preperation Machinery ($1.06M), and Computers ($682k). Over the past 5 years the exports of Denmark to Venezuela have decreased at an annualized rate of 0.89%, from $8.72M in 2017 to $8.34M in 2022.

In 2020, Denmark exported services to Venezuela worth $4.57M, with Transportation ($2.4M), Government services, n.i.e. ($1.48M), and Other business services ($343k) being the largest in terms of value.

Venezuela-Denmark Trade: In 2022, Venezuela exported $292k to Denmark. The main products that Venezuela exported to Denmark were Hard Liquor ($254k), Office Machine Parts ($34.3k), and Medical Instruments ($2.08k). Over the past 5 years the exports of Venezuela to Denmark have decreased at an annualized rate of 48.2%,  from $7.85M in 2017 to $292k in 2022.

In 2022, Venezuela did not export any services to Denmark.

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $8.34M to Venezuela. The main products exported from Denmark to Venezuela were Waxes ($1.14M), Industrial Food Preperation Machinery ($1.06M), and Computers ($682k). During the last 5 years the exports of Denmark to Venezuela have decreased at an annualized rate of 0.89%, from $8.72M in 2017 to $8.34M in 2022.

In 2017, Venezuela exported $292k to Denmark. The main products exported from Venezuela to Denmark were Hard Liquor ($254k), Office Machine Parts ($34.3k), and Medical Instruments ($2.08k). During the last 5 years the exports of Venezuela to Denmark have decreased at an annualized rate of 48.2%, from $7.85M in 2022 to $292k in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Venezuela (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Venezuela
Top Destination
China$703M

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

In 2022, countries that imported more from Denmark than Venezuela included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Venezuela than Denmark included Lebanon ($150M), Guatemala ($84.5M), and Montenegro ($75.9M).

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

Comparative Advantage Denmark - Venezuela

Flow
Scale

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

During 2022, Denmark had a large net trade with Venezuela in the exports of Machines ($3.37M), Chemical Products ($1.98M), and Miscellaneous ($975k).

During 2017, Venezuela had a large net trade with Denmark in the exports of Foodstuffs ($254k), Machines ($34.8k), and Instruments ($2.08k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Denmark and Venezuela. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Denmark.

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

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