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2023
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Exports $2.3BRnk 28 / 220
2023
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Top Product $331MCars
2023
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Exports $2.77BRnk 11 / 217
2023
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Top Product $533MPackaged Medicaments
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
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GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Spain-Denmark Trade: In 2023, Spain exported $2.3B to Denmark. The main products that Spain exported to Denmark were Cars ($331M), Packaged Medicaments ($109M), and Wine ($70.6M). Over the past 5 years the exports of Spain to Denmark have increased at an annualized rate of 3.72%, from $1.92B in 2018 to $2.3B in 2023.

In 2009, Spain exported services to Denmark worth $2.7B, with Services not allocated ($1.45B), Travel ($1.14B), and Transportation ($115M) being the largest in terms of value.

Denmark-Spain Trade: In 2023, Denmark exported $2.77B to Spain. The main products that Denmark exported to Spain were Packaged Medicaments ($533M), Cheese ($107M), and Non-fillet Fresh Fish ($87.4M). Over the past 5 years the exports of Denmark to Spain have increased at an annualized rate of 4.09%,  from $2.27B in 2018 to $2.77B in 2023.

In 2020, Denmark exported services to Spain worth $1.16B, with Transportation ($841M), Other business services ($123M), and Construction services ($52.1M) being the largest in terms of value.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €211M and imported €205M from Denmark, resulting in a positive trade balance of €5.82M. Between November 2023 and November 2024 the exports of Spain have decreased by €-52.3M (-19.9%) from €264M to €211M, while imports decreased by €-3.04M (-1.46%) from €209M to €205M.

Trade In November 2024, the top exports of Spain to Denmark were Cars (€40.9M), Petroleum Gas (€13.6M), Citrus (€6.88M), Delivery Trucks (€5.49M), and Other Vegetables (€5.33M). In November 2024 the top imports of Spain from Denmark were Packaged Medicaments (€33.7M), Vaccines, blood, antisera, toxins and cultures (€25.1M), Cheese (€8.5M), Biodiesel and mixtures thereof (€7.43M), and Wheat (€7.22M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€56.5M), Madrid (€26.3M), Valencia (€14.9M), Guipúzcoa (€12.5M), and Navarra (€11.1M), while imports destinations were mainly Madrid (€98.9M), Barcelona (€29.2M), Valencia (€8.42M), Castellón (€7.8M), and Navarra (€5.65M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Transmissions (€-2.47M or -93.4%), Raw Plastic Sheeting (€-2.08M or -56.6%), and Other Iron Products (€-1.92M or -31.8%). In November 2024, the decrease in Spain's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Packaged Medicaments (€-17.3M or -33.9%), Raw Plastic Sheeting (€-2.44M or -74.5%), and Other Electrical Machinery (€-539k or -56.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-52.3M(-19.9%)
IMPORT GROWTH (November 2023 - November 2024)€-3.04M(-1.46%)
MAIN EXPORTER (November 2024)Barcelona€56.5M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Denmark and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.3B to Denmark. The main products exported from Spain to Denmark were Cars ($331M), Packaged Medicaments ($109M), and Wine ($70.6M). During the last 5 years the exports of Spain to Denmark have increased at an annualized rate of 3.72%, from $1.92B in 2018 to $2.3B in 2023.

In 2018, Denmark exported $2.77B to Spain. The main products exported from Denmark to Spain were Packaged Medicaments ($533M), Cheese ($107M), and Non-fillet Fresh Fish ($87.4M). During the last 5 years the exports of Denmark to Spain have increased at an annualized rate of 4.09%, from $2.27B in 2023 to $2.77B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Spain than Denmark included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from Denmark than Spain included Sweden ($11.2B), Norway ($4.75B), and Greenland ($647M).

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

Comparative Advantage Spain - Denmark

Flow
Scale

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

During 2023, Spain had a large net trade with Denmark in the exports of Transportation ($451M), Machines ($330M), and Vegetable Products ($330M).

During 2018, Denmark had a large net trade with Spain in the exports of Chemical Products ($873M), Animal Products ($495M), and Machines ($427M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Denmark+$106MCars
Top Product Potential Denmark Spain+$135MPackaged Medicaments

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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Bilateral Service Trade

In 2009, Spain exported services to Denmark worth $2.7B, with Services not allocated ($1.45B), Travel ($1.14B), and Transportation ($115M) being the largest in terms of value.

In 2020, Denmark exported services to Spain worth $1.16B, with Transportation ($841M), Other business services ($123M), and Construction services ($52.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Denmark (Flag) (2009)

Services Exports from Denmark (Flag) to Spain (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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