Ukraine (UKR) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Ukraine-Denmark Trade: In 2023, Ukraine exported $239M to Denmark. The main products that Ukraine exported to Denmark were Bedspreads ($38.5M), Semi-Finished Iron ($24.2M), and Other Furniture ($16.9M). Over the past 5 years the exports of Ukraine to Denmark have decreased at an annualized rate of 2.75%, from $274M in 2018 to $239M in 2023.

In 2023, Ukraine did not export any services to Denmark.

Denmark-Ukraine Trade: In 2023, Denmark exported $353M to Ukraine. The main products that Denmark exported to Ukraine were Explosive Ammunition ($51M), Packaged Medicaments ($25.9M), and Animal Food ($19.2M). Over the past 5 years the exports of Denmark to Ukraine have increased at an annualized rate of 1.98%, from $307M in 2018 to $353M in 2023.

In 2023, Denmark did not export any services to Ukraine.

Comparison: In 2023, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ukraine exported $239M to Denmark. The main products exported from Ukraine to Denmark were Bedspreads ($38.5M), Semi-Finished Iron ($24.2M), and Other Furniture ($16.9M). During the last 5 years the exports of Ukraine to Denmark have decreased at an annualized rate of 2.75%, from $274M in 2018 to $239M in 2023.

In 2018, Denmark exported $353M to Ukraine. The main products exported from Denmark to Ukraine were Explosive Ammunition ($51M), Packaged Medicaments ($25.9M), and Animal Food ($19.2M). During the last 5 years the exports of Denmark to Ukraine have increased at an annualized rate of 1.98%, from $307M in 2023 to $353M in 2018.

Exports from Ukraine () to Denmark () (2023)

Exports from Denmark () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Denmark ()

Ukraine Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$4.83B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Ukraine than Denmark included Romania ($3.56B), Turkey ($2.88B), and Moldova ($1.13B).

In 2023, countries that imported more from Denmark than Ukraine included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

Difference in imports from Denmark () and Ukraine () (2023)

Comparative Advantage Ukraine - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ukraine had a large net trade with Denmark in the exports of Textiles ($63.8M), Machines ($40.8M), and Miscellaneous ($34.4M).

During 2018, Denmark had a large net trade with Ukraine in the exports of Machines ($74.4M), Weapons ($51.2M), and Chemical Products ($48.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine Denmark+$6.56MSemi-Finished Iron

Top Product Potential Denmark Ukraine+$19.6MRefined Petroleum

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Denmark () (2023)

Exports from Denmark () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Denmark ()

Ukraine Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Ukraine () (2023)

Comparative Advantage Ukraine - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ukraine () and Denmark () (2023)

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