2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Italy-Denmark Trade: In 2023, Italy exported $4.22B to Denmark. The main products that Italy exported to Denmark were Wine ($159M), Valves ($99.3M), and Other Small Iron Pipes ($88.9M). Over the past 5 years the exports of Italy to Denmark have increased at an annualized rate of 4.24%, from $3.43B in 2018 to $4.22B in 2023.

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 2023, Denmark exported $3.76B to Italy. The main products that Denmark exported to Italy were Packaged Medicaments ($345M), Pig Meat ($321M), and Electric Motor Parts ($207M). Over the past 5 years the exports of Denmark to Italy have increased at an annualized rate of 4.68%,  from $2.99B in 2018 to $3.76B in 2023.

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 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). 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, Italy exported $4.22B to Denmark. The main products exported from Italy to Denmark were Wine ($159M), Valves ($99.3M), and Other Small Iron Pipes ($88.9M). During the last 5 years the exports of Italy to Denmark have increased at an annualized rate of 4.24%, from $3.43B in 2018 to $4.22B in 2023.

In 2018, Denmark exported $3.76B to Italy. The main products exported from Denmark to Italy were Packaged Medicaments ($345M), Pig Meat ($321M), and Electric Motor Parts ($207M). During the last 5 years the exports of Denmark to Italy have increased at an annualized rate of 4.68%, from $2.99B in 2023 to $3.76B in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Denmark
Top Destination
Germany$14.8B

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 2023, countries that imported more from Italy than Denmark included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from Denmark than Italy included Sweden ($11.2B), Norway ($4.75B), and Greenland ($647M).

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

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 2023, Italy had a large net trade with Denmark in the exports of Machines ($1.1B), Foodstuffs ($517M), and Chemical Products ($440M).

During 2018, Denmark had a large net trade with Italy in the exports of Machines ($943M), Animal Products ($919M), and Chemical Products ($725M).

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) (2023)

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