2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Finland-Denmark Trade: In 2022, Finland exported $1.54B to Denmark. The main products that Finland exported to Denmark were Refined Petroleum ($90.3M), Coal Tar Oil ($81.2M), and Electric Motors ($60.4M). Over the past 5 years the exports of Finland to Denmark have increased at an annualized rate of 5.18%, from $1.19B in 2017 to $1.54B in 2022.

In 2020, Finland exported services to Denmark worth $826M, with Computer and information services ($371M), Other business services ($232M), and Transportation ($126M) being the largest in terms of value.

Denmark-Finland Trade: In 2022, Denmark exported $2.37B to Finland. The main products that Denmark exported to Finland were Packaged Medicaments ($160M), Electric Generating Sets ($115M), and Cheese ($93.8M). Over the past 5 years the exports of Denmark to Finland have increased at an annualized rate of 3.89%,  from $1.96B in 2017 to $2.37B in 2022.

In 2020, Denmark exported services to Finland worth $1.48B, with Transportation ($445M), Other business services ($428M), and Computer and information services ($353M) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $1.54B to Denmark. The main products exported from Finland to Denmark were Refined Petroleum ($90.3M), Coal Tar Oil ($81.2M), and Electric Motors ($60.4M). During the last 5 years the exports of Finland to Denmark have increased at an annualized rate of 5.18%, from $1.19B in 2017 to $1.54B in 2022.

In 2017, Denmark exported $2.37B to Finland. The main products exported from Denmark to Finland were Packaged Medicaments ($160M), Electric Generating Sets ($115M), and Cheese ($93.8M). During the last 5 years the exports of Denmark to Finland have increased at an annualized rate of 3.89%, from $1.96B in 2022 to $2.37B in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Denmark (Flag)

Finland Exports

Denmark Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Finland than Denmark included Estonia ($3.58B), Russia ($2.14B), and Belgium ($2.94B).

In 2022, countries that imported more from Denmark than Finland included Germany ($18.9B), Norway ($6.53B), and United States ($13.1B).

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

Comparative Advantage Finland - Denmark

Flow
Scale

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

During 2022, Finland had a large net trade with Denmark in the exports of Machines ($331M), Metals ($303M), and Mineral Products ($182M).

During 2017, Denmark had a large net trade with Finland in the exports of Machines ($611M), Chemical Products ($415M), and Metals ($219M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Denmark+$27.8MRefined Petroleum
Top Product Potential Denmark Finland+$16.1MRefined 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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Bilateral Service Trade

In 2020, Finland exported services to Denmark worth $826M, with Computer and information services ($371M), Other business services ($232M), and Transportation ($126M) being the largest in terms of value.

In 2020, Denmark exported services to Finland worth $1.48B, with Transportation ($445M), Other business services ($428M), and Computer and information services ($353M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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