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2023
Flag → Flag
Exports $198MRnk 74 / 213
2023
Flag → Flag
Top Product $51.8MLeather Footwear
2023
Flag → Flag
Exports $238MRnk 54 / 217
2023
Flag → Flag
Top Product $22MReaction and Catalytic Products
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Indonesia-Denmark Trade: In 2023, Indonesia exported $198M to Denmark. The main products that Indonesia exported to Denmark were Leather Footwear ($51.8M), Palm Oil ($32.9M), and Other Furniture ($13.9M). Over the past 5 years the exports of Indonesia to Denmark have decreased at an annualized rate of 8.44%, from $308M in 2018 to $198M in 2023.

In 2023, Indonesia did not export any services to Denmark.

Denmark-Indonesia Trade: In 2023, Denmark exported $238M to Indonesia. The main products that Denmark exported to Indonesia were Reaction and Catalytic Products ($22M), Passenger and Cargo Ships ($19.4M), and Packaged Medicaments ($12.6M). Over the past 5 years the exports of Denmark to Indonesia have increased at an annualized rate of 2.27%,  from $213M in 2018 to $238M in 2023.

In 2020, Denmark exported services to Indonesia worth $207M, with Transportation ($171M), Construction services ($10.9M), and Other business services ($8.68M) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Indonesia exported $198M to Denmark. The main products exported from Indonesia to Denmark were Leather Footwear ($51.8M), Palm Oil ($32.9M), and Other Furniture ($13.9M). During the last 5 years the exports of Indonesia to Denmark have decreased at an annualized rate of 8.44%, from $308M in 2018 to $198M in 2023.

In 2018, Denmark exported $238M to Indonesia. The main products exported from Denmark to Indonesia were Reaction and Catalytic Products ($22M), Passenger and Cargo Ships ($19.4M), and Packaged Medicaments ($12.6M). During the last 5 years the exports of Denmark to Indonesia have increased at an annualized rate of 2.27%, from $213M in 2023 to $238M in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Denmark (Flag)

Indonesia Exports

Denmark Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Indonesia than Denmark included China ($70.7B), India ($24B), and Japan ($23.7B).

In 2023, countries that imported more from Denmark than Indonesia included Sweden ($11.2B), Germany ($14.8B), and Netherlands ($7.89B).

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

Comparative Advantage Indonesia - Denmark

Flow
Scale

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

During 2023, Indonesia had a large net trade with Denmark in the exports of Footwear and Headwear ($65.8M), Animal and Vegetable Bi-Products ($40.5M), and Miscellaneous ($29.7M).

During 2018, Denmark had a large net trade with Indonesia in the exports of Chemical Products ($62.3M), Machines ($59.6M), and Foodstuffs ($28.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Denmark+$19.8MPalm Oil
Top Product Potential Denmark Indonesia+$13.9MPackaged 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 2020, Denmark exported services to Indonesia worth $207M, with Transportation ($171M), Construction services ($10.9M), and Other business services ($8.68M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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