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2022
Flag → Flag
Exports $1.23BRnk 54 / 217
2022
Flag → Flag
Top Product $146MRefined Petroleum
2022
Flag → Flag
Exports $912MRnk 25 / 218
2022
Flag → Flag
Top Product $139MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

India-Denmark Trade: In 2022, India exported $1.23B to Denmark. The main products that India exported to Denmark were Refined Petroleum ($146M), Non-Knit Women's Suits ($93M), and Non-Knit Women's Shirts ($51.8M). Over the past 5 years the exports of India to Denmark have increased at an annualized rate of 8.5%, from $816M in 2017 to $1.23B in 2022.

In 2022, India did not export any services to Denmark.

Denmark-India Trade: In 2022, Denmark exported $912M to India. The main products that Denmark exported to India were Packaged Medicaments ($139M), Other Stone Articles ($54.6M), and Scrap Iron ($47.9M). Over the past 5 years the exports of Denmark to India have increased at an annualized rate of 12.7%,  from $502M in 2017 to $912M in 2022.

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 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $63.2M and imported $51.5M from Denmark, resulting in a positive trade balance of $11.7M. Between August 2023 and August 2024 the exports of India have decreased by $-3.29M (-4.96%) from $66.5M to $63.2M, while imports decreased by $-32.5M (-38.7%) from $84M to $51.5M.

Trade In August 2024, the top exports of India to Denmark were Rmg Manmade Fibres ($13.2M), Rmg Cotton Incl Accessories ($9.81M), Rmg Of Othr Textle Matrl ($6.41M), Indl. Machnry For Dairy Etc ($3.23M), and Electric Machinery And Equipme ($3.18M). In August 2024 the top imports of India from Denmark were Drug Formulations, Biologicals ($9.3M), Indl. Machnry For Dairy Etc ($6.96M), Iron And Steel ($4.96M), Other Misc. Engineering Items ($4.25M), and Electronics Instruments ($4.08M).

Growth In August 2024, the decrease in India's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Electric Machinery And Equipme ($-3.92M or -55.3%), Rmg Cotton Incl Accessories ($-2.82M or -22.3%), and Cotton Fabrics, Madeups Etc. ($-2.14M or -46.5%). In August 2024, the decrease in India's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Petroleum Products ($-94M or -99.9%), Drug Formulations, Biologicals ($-6.46M or -41%), and Aluminium, Products Of Aluminm ($-1.65M or -63.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-3.29M(-4.96%)
IMPORT GROWTH (August 2023 - August 2024)$-32.5M(-38.7%)

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 2022, India exported $1.23B to Denmark. The main products exported from India to Denmark were Refined Petroleum ($146M), Non-Knit Women's Suits ($93M), and Non-Knit Women's Shirts ($51.8M). During the last 5 years the exports of India to Denmark have increased at an annualized rate of 8.5%, from $816M in 2017 to $1.23B in 2022.

In 2017, Denmark exported $912M to India. The main products exported from Denmark to India were Packaged Medicaments ($139M), Other Stone Articles ($54.6M), and Scrap Iron ($47.9M). During the last 5 years the exports of Denmark to India have increased at an annualized rate of 12.7%, from $502M in 2022 to $912M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Denmark
Top DestinationGermany$18.9B

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 2022, countries that imported more from India than Denmark included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2022, countries that imported more from Denmark than India included Sweden ($11.6B), Germany ($18.9B), and Norway ($6.53B).

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

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 2022, India had a large net trade with Denmark in the exports of Textiles ($380M), Machines ($151M), and Mineral Products ($147M).

During 2017, Denmark had a large net trade with India in the exports of Chemical Products ($297M), Machines ($198M), and Metals ($142M).

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) (2022)

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