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2023
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Exports $842MRnk 27 / 211
2023
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Top Product $121MBroadcasting Equipment
2023
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Exports $873MRnk 24 / 217
2023
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Top Product $134MPackaged Medicaments
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
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GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
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2023
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 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Ireland-Denmark Trade: In 2023, Ireland exported $842M to Denmark. The main products that Ireland exported to Denmark were Broadcasting Equipment ($121M), Packaged Medicaments ($115M), and Scented Mixtures ($98.2M). Over the past 5 years the exports of Ireland to Denmark have decreased at an annualized rate of 3.65%, from $1.01B in 2018 to $842M in 2023.

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

Denmark-Ireland Trade: In 2023, Denmark exported $873M to Ireland. The main products that Denmark exported to Ireland were Packaged Medicaments ($134M), Vitamins ($39.2M), and Antibiotics ($33.8M). Over the past 5 years the exports of Denmark to Ireland have increased at an annualized rate of 4.54%,  from $700M in 2018 to $873M in 2023.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €49.2M and imported €50.3M from Denmark, resulting in a negative trade balance of €1.16M. Between November 2023 and November 2024 the exports of Ireland have increased by €2.28M (4.87%) from €46.9M to €49.2M, while imports decreased by €-7.2M (-12.5%) from €57.5M to €50.3M.

Trade In November 2024, the top exports of Ireland to Denmark were Medicinal and pharmaceutical products (€8.74M), Meat and meat preparations (€7.32M), Essential oils, perfume materials, toilet preparations... (€6.9M), Inorganic chemicals (€4.61M), and Chemical materials and products, n.e.s. (€4.13M). In November 2024 the top imports of Ireland from Denmark were Medicinal and pharmaceutical products (€36M), Unclassified estimates (€4.32M), General industrial machinery and parts, n.e.s. (€3.63M), Dairy products and birds eggs (€2.78M), and Machinery specialised for particular industries (€2.41M).

Growth In November 2024, the increase in Ireland's year-by-year exports to Denmark was explained primarily by an increase in product exports in Essential oils, perfume materials, toilet preparations... (€4.57M or 196%), Chemical materials and products, n.e.s. (€3.96M or 2.31k%), and Inorganic chemicals (€3.13M or 213%). In November 2024, the decrease in Ireland's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Power generating machinery and equipment (€-13M or -98.9%), General industrial machinery and parts, n.e.s. (€-4.89M or -57.4%), and Gas, natural and manufactured (€-1.94M or -86.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€2.28M(4.87%)
IMPORT GROWTH (November 2023 - November 2024)€-7.2M(-12.5%)

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

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

For full datasets download visit Bulk Download page.

Explore Denmark and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $842M to Denmark. The main products exported from Ireland to Denmark were Broadcasting Equipment ($121M), Packaged Medicaments ($115M), and Scented Mixtures ($98.2M). During the last 5 years the exports of Ireland to Denmark have decreased at an annualized rate of 3.65%, from $1.01B in 2018 to $842M in 2023.

In 2018, Denmark exported $873M to Ireland. The main products exported from Denmark to Ireland were Packaged Medicaments ($134M), Vitamins ($39.2M), and Antibiotics ($33.8M). During the last 5 years the exports of Denmark to Ireland have increased at an annualized rate of 4.54%, from $700M in 2023 to $873M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Ireland than Denmark included United States ($67.4B), Belgium ($18.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Denmark than Ireland included Sweden ($11.2B), Norway ($4.75B), and Poland ($4.6B).

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

Comparative Advantage Ireland - Denmark

Flow
Scale

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

During 2023, Ireland had a large net trade with Denmark in the exports of Machines ($296M), Chemical Products ($264M), and Animal Products ($94.6M).

During 2018, Denmark had a large net trade with Ireland in the exports of Chemical Products ($258M), Machines ($154M), and Foodstuffs ($76.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Denmark+$63.4MPackaged Medicaments
Top Product Potential Denmark Ireland+$58.2MPackaged 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, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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