Mexico (MEX) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Mexico-Denmark Trade: In 2022, Mexico exported $153M to Denmark. The main products that Mexico exported to Denmark were Other Engines ($18.4M), Office Machine Parts ($11.4M), and Computers ($10.8M). Over the past 5 years the exports of Mexico to Denmark have increased at an annualized rate of 2.24%, from $137M in 2017 to $153M in 2022.

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

Denmark-Mexico Trade: In 2022, Denmark exported $477M to Mexico. The main products that Denmark exported to Mexico were Enzymes ($33.6M), Integrated Circuits ($32.7M), and Lifting Machinery ($24.5M). Over the past 5 years the exports of Denmark to Mexico have increased at an annualized rate of 5.73%, from $361M in 2017 to $477M in 2022.

In 2020, Denmark exported services to Mexico worth $471M, with Transportation ($403M), Other business services ($23.2M), and Computer and information services ($17.7M) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $153M to Denmark. The main products exported from Mexico to Denmark were Other Engines ($18.4M), Office Machine Parts ($11.4M), and Computers ($10.8M). During the last 5 years the exports of Mexico to Denmark have increased at an annualized rate of 2.24%, from $137M in 2017 to $153M in 2022.

In 2017, Denmark exported $477M to Mexico. The main products exported from Denmark to Mexico were Enzymes ($33.6M), Integrated Circuits ($32.7M), and Lifting Machinery ($24.5M). During the last 5 years the exports of Denmark to Mexico have increased at an annualized rate of 5.73%, from $361M in 2022 to $477M in 2017.

Exports from Mexico () to Denmark () (2022)

Exports from Denmark () to Mexico () (2022)

Latest Data

Trade between Mexico () and Denmark ()

Mexico Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Mexico than Denmark included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Difference in imports from Denmark () and Mexico () (2022)

Comparative Advantage Mexico - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Denmark in the exports of Machines ($98.4M), Chemical Products ($11.8M), and Instruments ($11.5M).

During 2017, Denmark had a large net trade with Mexico in the exports of Machines ($229M), Chemical Products ($78.2M), and Instruments ($41.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Denmark+$40.3MComputers

Top Product Potential Denmark Mexico+$16.8MPackaged 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

Dnk Year

In 2020, Denmark exported services to Mexico worth $471M, with Transportation ($403M), Other business services ($23.2M), and Computer and information services ($17.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Denmark () (2022)

Exports from Denmark () to Mexico () (2022)

Latest Data

Trade between Mexico () and Denmark ()

Mexico Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Mexico () (2022)

Comparative Advantage Mexico - Denmark

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Denmark () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Denmark () (2022)

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