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2022
Flag → Flag
Exports $152MRnk 31 / 210
2022
Flag → Flag
Top Product $65MButter
2022
Flag → Flag
Exports $215MRnk 56 / 218
2022
Flag → Flag
Top Product $31MOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

New Zealand-Denmark Trade: In 2022, New Zealand exported $152M to Denmark. The main products that New Zealand exported to Denmark were Butter ($65M), Water Soluble Proteins ($11.5M), and Animal Organs ($9.42M). Over the past 5 years the exports of New Zealand to Denmark have increased at an annualized rate of 4.75%, from $121M in 2017 to $152M in 2022.

In 2018, New Zealand exported services to Denmark worth $655M, with Transportation ($468M), Travel ($149M), and Insurance services ($30.4M) being the largest in terms of value.

Denmark-New Zealand Trade: In 2022, Denmark exported $215M to New Zealand. The main products that Denmark exported to New Zealand were Orthopedic Appliances ($31M), Fish: dried, salted, smoked or in brine ($9.97M), and Cheese ($9.42M). Over the past 5 years the exports of Denmark to New Zealand have increased at an annualized rate of 6.36%,  from $158M in 2017 to $215M in 2022.

In 2020, Denmark exported services to New Zealand worth $444M, with Transportation ($406M), Other business services ($12.1M), and Royalties and license fees ($11.3M) being the largest in terms of value.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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, New Zealand exported $152M to Denmark. The main products exported from New Zealand to Denmark were Butter ($65M), Water Soluble Proteins ($11.5M), and Animal Organs ($9.42M). During the last 5 years the exports of New Zealand to Denmark have increased at an annualized rate of 4.75%, from $121M in 2017 to $152M in 2022.

In 2017, Denmark exported $215M to New Zealand. The main products exported from Denmark to New Zealand were Orthopedic Appliances ($31M), Fish: dried, salted, smoked or in brine ($9.97M), and Cheese ($9.42M). During the last 5 years the exports of Denmark to New Zealand have increased at an annualized rate of 6.36%, from $158M in 2022 to $215M in 2017.

Exports from New Zealand (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Denmark (Flag)

New Zealand Exports

Denmark Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from New Zealand than Denmark included China ($13.1B), Australia ($5.35B), and Indonesia ($1.33B).

In 2022, countries that imported more from Denmark than New Zealand included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

Difference in imports from Denmark (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Denmark

Flow
Scale

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

During 2022, New Zealand had a large net trade with Denmark in the exports of Animal Products ($98.8M), Chemical Products ($23.2M), and Foodstuffs ($11.5M).

During 2017, Denmark had a large net trade with New Zealand in the exports of Machines ($65.5M), Instruments ($46.3M), and Animal Products ($29.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Denmark+$3.08MWine
Top Product Potential Denmark New Zealand+$6.53MPackaged 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 2018, New Zealand exported services to Denmark worth $655M, with Transportation ($468M), Travel ($149M), and Insurance services ($30.4M) being the largest in terms of value.

In 2020, Denmark exported services to New Zealand worth $444M, with Transportation ($406M), Other business services ($12.1M), and Royalties and license fees ($11.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Denmark (Flag) (2018)

Services Exports from Denmark (Flag) to New Zealand (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of New Zealand (Flag) and Denmark (Flag) (2022)

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