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2023
Flag → Flag
Exports $1.03BRnk 65 / 220
2023
Flag → Flag
Top Product $112MRefined Petroleum
2023
Flag → Flag
Exports $847MRnk 27 / 217
2023
Flag → Flag
Top Product $124MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

India-Denmark Trade: In 2023, India exported $1.03B to Denmark. The main products that India exported to Denmark were Refined Petroleum ($112M), Non-Knit Women's Suits ($83.1M), and Hot-Rolled Iron ($60.9M). Over the past 5 years the exports of India to Denmark have increased at an annualized rate of 3.68%, from $858M in 2018 to $1.03B in 2023.

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

Denmark-India Trade: In 2023, Denmark exported $847M to India. The main products that Denmark exported to India were Packaged Medicaments ($124M), Scrap Vessels ($40.7M), and Scrap Iron ($33.4M). Over the past 5 years the exports of Denmark to India have increased at an annualized rate of 8.48%,  from $564M in 2018 to $847M in 2023.

In 2020, Denmark exported services to India worth $1.44B, with Transportation ($1.27B), Other business services ($62M), and Construction services ($37.1M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

December, 2024

About

Overview In December 2024, India exported $74.4M and imported $65.4M from Denmark, resulting in a positive trade balance of $8.94M. Between December 2023 and December 2024 the exports of India have decreased by $-9.98M (-11.8%) from $84.4M to $74.4M, while imports increased by $28.9k (0.044%) from $65.4M to $65.4M.

Trade In December 2024, the top exports of India to Denmark were Rmg Cotton Incl Accessories ($12.7M), Iron And Steel ($12.5M), Rmg Manmade Fibres ($7.81M), Rmg Of Othr Textle Matrl ($7.31M), and Products Of Iron And Steel ($3.47M). In December 2024 the top imports of India from Denmark were Drug Formulations, Biologicals ($22.6M), Electric Machinery And Equipme ($13.6M), Electronics Instruments ($4.45M), Medical And Scientific Instrum ($3.97M), and Bulk Drugs, Drug Intermediates ($3.69M).

Growth In December 2024, the decrease in India's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Rmg Manmade Fibres ($-5.34M or -40.6%), Indl. Machnry For Dairy Etc ($-2.2M or -68%), and Optical Items (Incl.Lens Etc) ($-1.96M or -99.2%). In December 2024, the increase in India's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Drug Formulations, Biologicals ($13.3M or 143%), Electric Machinery And Equipme ($10.5M or 338%), and Bulk Drugs, Drug Intermediates ($3.32M or 891%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)$-9.98M(-11.8%)
IMPORT GROWTH (December 2023 - December 2024)$28.9k(0.044%)

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

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

For full datasets download visit Bulk Download page.

Explore Denmark and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $1.03B to Denmark. The main products exported from India to Denmark were Refined Petroleum ($112M), Non-Knit Women's Suits ($83.1M), and Hot-Rolled Iron ($60.9M). During the last 5 years the exports of India to Denmark have increased at an annualized rate of 3.68%, from $858M in 2018 to $1.03B in 2023.

In 2018, Denmark exported $847M to India. The main products exported from Denmark to India were Packaged Medicaments ($124M), Scrap Vessels ($40.7M), and Scrap Iron ($33.4M). During the last 5 years the exports of Denmark to India have increased at an annualized rate of 8.48%, from $564M in 2023 to $847M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from India than Denmark included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Denmark than India included Sweden ($11.2B), Norway ($4.75B), and Finland ($1.94B).

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

Comparative Advantage India - Denmark

Flow
Scale

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

During 2023, India had a large net trade with Denmark in the exports of Textiles ($309M), Machines ($166M), and Metals ($135M).

During 2018, Denmark had a large net trade with India in the exports of Machines ($267M), Chemical Products ($265M), and Metals ($102M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Denmark+$191MRefined Petroleum
Top Product Potential Denmark India+$81.6MRefined 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, Denmark exported services to India worth $1.44B, with Transportation ($1.27B), Other business services ($62M), and Construction services ($37.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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