Hong Kong (HKG) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Hong Kong-Denmark Trade: In 2022, Hong Kong exported $259M to Denmark. The main products that Hong Kong exported to Denmark were Semiconductor Devices ($41.8M), Passenger and Cargo Ships ($23.2M), and Light Fixtures ($20.7M). Over the past 5 years the exports of Hong Kong to Denmark have increased at an annualized rate of 18.1%, from $113M in 2017 to $259M in 2022.

In 2022, Hong Kong did not export any services to Denmark.

Denmark-Hong Kong Trade: In 2022, Denmark exported $330M to Hong Kong. The main products that Denmark exported to Hong Kong were Packaged Medicaments ($33.3M), Beauty Products ($19M), and Baked Goods ($17.3M). Over the past 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 14.2%, from $708M in 2017 to $330M in 2022.

In 2020, Denmark exported services to Hong Kong worth $1.86B, with Transportation ($1.78B), Other business services ($24.8M), and Computer and information services ($21.9M) being the largest in terms of value.

Comparison: In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $259M to Denmark. The main products exported from Hong Kong to Denmark were Semiconductor Devices ($41.8M), Passenger and Cargo Ships ($23.2M), and Light Fixtures ($20.7M). During the last 5 years the exports of Hong Kong to Denmark have increased at an annualized rate of 18.1%, from $113M in 2017 to $259M in 2022.

In 2017, Denmark exported $330M to Hong Kong. The main products exported from Denmark to Hong Kong were Packaged Medicaments ($33.3M), Beauty Products ($19M), and Baked Goods ($17.3M). During the last 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 14.2%, from $708M in 2022 to $330M in 2017.

Exports from Hong Kong () to Denmark () (2022)

Exports from Denmark () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Denmark ()

Hong Kong Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Hong Kong than Denmark included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

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

Difference in imports from Denmark () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Denmark in the exports of Machines ($98.1M), Miscellaneous ($40M), and Transportation ($26.4M).

During 2017, Denmark had a large net trade with Hong Kong in the exports of Machines ($79.3M), Chemical Products ($65M), and Foodstuffs ($49.5M).

Potential Exports

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Bilateral Service Trade

Dnk Year

In 2020, Denmark exported services to Hong Kong worth $1.86B, with Transportation ($1.78B), Other business services ($24.8M), and Computer and information services ($21.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Denmark () (2022)

Exports from Denmark () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Denmark ()

Hong Kong Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Denmark

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Denmark () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Denmark () (2022)

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