Vietnam (VNM) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Vietnam-Denmark Trade: In 2023, Vietnam exported $465M to Denmark. The main products that Vietnam exported to Denmark were Insulated Wire ($34M), Seats ($33.4M), and Textile Footwear ($26.3M). Over the past 5 years the exports of Vietnam to Denmark have increased at an annualized rate of 1.39%, from $434M in 2018 to $465M in 2023.

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

Denmark-Vietnam Trade: In 2023, Denmark exported $196M to Vietnam. The main products that Denmark exported to Vietnam were Orthopedic Appliances ($20.7M), Non-fillet Frozen Fish ($7.32M), and Crustaceans ($6.6M). Over the past 5 years the exports of Denmark to Vietnam have decreased at an annualized rate of 13.4%, from $404M in 2018 to $196M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $465M to Denmark. The main products exported from Vietnam to Denmark were Insulated Wire ($34M), Seats ($33.4M), and Textile Footwear ($26.3M). During the last 5 years the exports of Vietnam to Denmark have increased at an annualized rate of 1.39%, from $434M in 2018 to $465M in 2023.

In 2018, Denmark exported $196M to Vietnam. The main products exported from Denmark to Vietnam were Orthopedic Appliances ($20.7M), Non-fillet Frozen Fish ($7.32M), and Crustaceans ($6.6M). During the last 5 years the exports of Denmark to Vietnam have decreased at an annualized rate of 13.4%, from $404M in 2023 to $196M in 2018.

Exports from Vietnam () to Denmark () (2023)

Exports from Denmark () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Vietnam than Denmark included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Denmark than Vietnam included Sweden ($11.2B), Norway ($4.75B), and Finland ($1.94B).

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

Comparative Advantage Vietnam - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Denmark in the exports of Machines ($95.1M), Textiles ($94.6M), and Miscellaneous ($64.4M).

During 2018, Denmark had a large net trade with Vietnam in the exports of Machines ($48.6M), Animal Products ($33.3M), and Instruments ($30M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Denmark+$23.6MOther Furniture

Top Product Potential Denmark Vietnam+$20.1MPackaged 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Denmark () (2023)

Exports from Denmark () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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