Venezuela (VEN) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Venezuela-Denmark Trade: In 2023, Venezuela exported $175k to Denmark. The main products that Venezuela exported to Denmark were N/A. Over the past 5 years the exports of Venezuela to Denmark have decreased at an annualized rate of 1.97%, from $193k in 2018 to $175k in 2023.

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

Denmark-Venezuela Trade: In 2023, Denmark exported $11.2M to Venezuela. The main products that Denmark exported to Venezuela were Reaction and Catalytic Products ($3.08M), Office Machine Parts ($1.67M), and Other Agricultural Machinery ($1.15M). Over the past 5 years the exports of Denmark to Venezuela have decreased at an annualized rate of 0.24%, from $11.4M in 2018 to $11.2M in 2023.

In 2020, Denmark exported services to Venezuela worth $4.57M, with Transportation ($2.4M), Government services, n.i.e. ($1.48M), and Other business services ($343k) being the largest in terms of value.

Comparison: In 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). 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, Venezuela exported $175k to Denmark. There were not main exports from Venezuela to Denmark in 2023. During the last 5 years the exports of Venezuela to Denmark have decreased at an annualized rate of 1.97%, from $193k in 2018 to $175k in 2023.

In 2018, Denmark exported $11.2M to Venezuela. The main products exported from Denmark to Venezuela were Reaction and Catalytic Products ($3.08M), Office Machine Parts ($1.67M), and Other Agricultural Machinery ($1.15M). During the last 5 years the exports of Denmark to Venezuela have decreased at an annualized rate of 0.24%, from $11.4M in 2023 to $11.2M in 2018.

Exports from Venezuela () to Denmark () (2023)

Exports from Denmark () to Venezuela () (2023)

Latest Data

Trade between Venezuela () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationUnited States$3.81B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Venezuela than Denmark included Dominica ($10.5M) and Guyana ($18.1M).

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

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

Comparative Advantage Venezuela - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Venezuela had a large net trade with Denmark in the exports of Foodstuffs ($155k), Vegetable Products ($10.7k), and Arts and Antiques ($7.68k).

During 2018, Denmark had a large net trade with Venezuela in the exports of Chemical Products ($4.39M), Machines ($4.36M), and Metals ($626k).

Bilateral Service Trade

Dnk Year

In 2020, Denmark exported services to Venezuela worth $4.57M, with Transportation ($2.4M), Government services, n.i.e. ($1.48M), and Other business services ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Denmark () (2023)

Exports from Denmark () to Venezuela () (2023)

Latest Data

Trade between Venezuela () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Denmark

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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