2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Italy-Denmark Trade: In 2022, Italy exported $4.39B to Denmark. The main products that Italy exported to Denmark were Wine ($164M), Special Purpose Ships ($160M), and Insulated Wire ($131M). Over the past 5 years the exports of Italy to Denmark have increased at an annualized rate of 5.57%, from $3.34B in 2017 to $4.39B in 2022.

In 2020, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) being the largest in terms of value.

Denmark-Italy Trade: In 2022, Denmark exported $3.12B to Italy. The main products that Denmark exported to Italy were Packaged Medicaments ($288M), Pig Meat ($262M), and Valves ($107M). Over the past 5 years the exports of Denmark to Italy have increased at an annualized rate of 3.15%,  from $2.68B in 2017 to $3.12B in 2022.

In 2020, Denmark exported services to Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). 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
Value

In 2022, Italy exported $4.39B to Denmark. The main products exported from Italy to Denmark were Wine ($164M), Special Purpose Ships ($160M), and Insulated Wire ($131M). During the last 5 years the exports of Italy to Denmark have increased at an annualized rate of 5.57%, from $3.34B in 2017 to $4.39B in 2022.

In 2017, Denmark exported $3.12B to Italy. The main products exported from Denmark to Italy were Packaged Medicaments ($288M), Pig Meat ($262M), and Valves ($107M). During the last 5 years the exports of Denmark to Italy have increased at an annualized rate of 3.15%, from $2.68B in 2022 to $3.12B in 2017.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Italy than Denmark included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Denmark than Italy included Sweden ($11.6B), Norway ($6.53B), and Greenland ($587M).

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

Comparative Advantage Italy - Denmark

Flow
Scale

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

During 2022, Italy had a large net trade with Denmark in the exports of Machines ($1.09B), Metals ($533M), and Foodstuffs ($493M).

During 2017, Denmark had a large net trade with Italy in the exports of Animal Products ($797M), Machines ($649M), and Chemical Products ($559M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Denmark+$90.3MPackaged Medicaments
Top Product Potential Denmark Italy+$198MPackaged 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, Italy exported services to Denmark worth $432M, with Travel ($184M), Transportation ($114M), and Other business services ($104M) being the largest in terms of value.

In 2020, Denmark exported services to Italy worth $1.01B, with Transportation ($666M), Computer and information services ($83.5M), and Other business services ($80.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Denmark (Flag) (2022)

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