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2023
Flag → Flag
Exports $5.36BRnk 46 / 220
2023
Flag → Flag
Top Product $1.9BCrude Petroleum
2023
Flag → Flag
Exports $12BRnk 2 / 217
2023
Flag → Flag
Top Product $4.51BPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

United States-Denmark Trade: In 2023, United States exported $5.36B to Denmark. The main products that United States exported to Denmark were Crude Petroleum ($1.9B), Planes, Helicopters, and/or Spacecraft ($374M), and Refined Petroleum ($278M). Over the past 5 years the exports of United States to Denmark have increased at an annualized rate of 15.4%, from $2.62B in 2018 to $5.36B in 2023.

In 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) being the largest in terms of value.

Denmark-United States Trade: In 2023, Denmark exported $12B to United States. The main products that Denmark exported to United States were Packaged Medicaments ($4.51B), Vaccines, blood, antisera, toxins and cultures ($789M), and Orthopedic Appliances ($438M). Over the past 5 years the exports of Denmark to United States have increased at an annualized rate of 5.87%,  from $9.05B in 2018 to $12B in 2023.

In 2020, Denmark exported services to United States worth $10.6B, with Transportation ($5.76B), Royalties and license fees ($2.56B), and Other business services ($912M) being the largest in terms of value.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Company data: In 2023, leading companies such as Vestas (359), Kubota (120), and IKEA Group (113) were at the forefront of exporting goods from Denmark to the United States. Conversely, Other (412), Eimskip Denmark A/s (101), and Kverneland Group Kerteminde A/s (99) were notable for importing products to Denmark from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $671M and imported $896M from Denmark, resulting in a negative trade balance of $225M. Between November 2023 and November 2024 the exports of United States have increased by $37M (5.83%) from $634M to $671M, while imports increased by $19.8M (2.26%) from $876M to $896M.

Trade In November 2024, the top exports of United States to Denmark were Crude Petroleum ($137M), Commodities not elsewhere specified ($18.5M), Soybean Meal ($17.8M), Vaccines, blood, antisera, toxins and cultures ($14.1M), and Aircraft parts (gliders, balloons, and powered... ($11M). In November 2024 the top imports of United States from Denmark were Packaged Medicaments ($761M), Vaccines, blood, antisera, toxins and cultures ($34M), Orthopedic Appliances ($28.2M), Enzymes ($21.9M), and Hormones ($20.3M).

Origins In November 2024 the exports of United States were mainly from Washington ($187M), North Carolina ($142M), Texas ($115M), California ($38.9M), and Michigan ($16.4M), while imports destinations were mainly New Jersey ($123M), Tennessee ($117M), Indiana ($107M), California ($79.5M), and Illinois ($56.4M).

Growth In November 2024, the increase in United States's year-by-year exports to Denmark was explained primarily by an increase in product exports in Aircraft parts (gliders, balloons, and powered... ($8.76M or 383%), Computers ($4.7M or 105%), and Aircraft parts for spacecraft, UAVs, and... ($3.28M or 246%). In November 2024, the increase in United States's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Packaged Medicaments ($385M or 102%), Electric Motor Parts ($15.1M or 2.32k%), and Casein ($9.45M or 220%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$37M(5.83%)
IMPORT GROWTH (November 2023 - November 2024)$19.8M(2.26%)
MAIN EXPORTER (November 2024)Washington$187M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Denmark and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $5.36B to Denmark. The main products exported from United States to Denmark were Crude Petroleum ($1.9B), Planes, Helicopters, and/or Spacecraft ($374M), and Refined Petroleum ($278M). During the last 5 years the exports of United States to Denmark have increased at an annualized rate of 15.4%, from $2.62B in 2018 to $5.36B in 2023.

In 2018, Denmark exported $12B to United States. The main products exported from Denmark to United States were Packaged Medicaments ($4.51B), Vaccines, blood, antisera, toxins and cultures ($789M), and Orthopedic Appliances ($438M). During the last 5 years the exports of Denmark to United States have increased at an annualized rate of 5.87%, from $9.05B in 2023 to $12B in 2018.

Exports from United States (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from United States than Denmark included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Denmark than United States included Sweden ($11.2B), Greenland ($647M), and Marshall Islands ($263M).

Difference in imports from Denmark (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Denmark

Flow
Scale

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

During 2023, United States had a large net trade with Denmark in the exports of Mineral Products ($2.2B), Chemical Products ($773M), and Machines ($647M).

During 2018, Denmark had a large net trade with United States in the exports of Chemical Products ($6.44B), Machines ($2.2B), and Instruments ($1.05B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Denmark+$196MRefined Petroleum
Top Product Potential Denmark United States+$210MVaccines, blood, antisera, toxins and cultures

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 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) being the largest in terms of value.

In 2020, Denmark exported services to United States worth $10.6B, with Transportation ($5.76B), Royalties and license fees ($2.56B), and Other business services ($912M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Denmark (Flag) (2017)

Services Exports from Denmark (Flag) to United States (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Denmark (Flag) (2023)

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