2023
Exports
$3.05BWorld Rnk 39 / 214
Flag Rnk 3 / 1210
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$3.21BWorld Rnk 67 / 226
Flag Rnk 4 / 1213
2023
ECONOMIC COMPLEXITY of Denmark
1.13Rnk 22 / 132

About

Exports In 2023, Denmark exported $3.05B in Refined Petroleum, making it the 39th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Denmark. The main destination of Refined Petroleum exports from Denmark are: Sweden ($1.09B), Netherlands ($825M), United Kingdom ($211M), Norway ($164M), and Singapore ($138M).

The fastest growing export markets for Refined Petroleum of Denmark between 2022 and 2023 were United Kingdom ($119M), Sweden ($69.6M), and Gibraltar ($31.4M).

Imports In 2023, Denmark imported $3.21B in Refined Petroleum, becoming the 67th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in Denmark. Denmark imports Refined Petroleum primarily from: Sweden ($925M), Netherlands ($497M), United States ($278M), South Korea ($221M), and Kuwait ($200M).

The fastest growing import markets in Refined Petroleum for Denmark between 2022 and 2023 were South Korea ($143M), China ($91.6M), and Kuwait ($88.3M).

COMPANIES In 2024, leading companies such as Vestas (1) were at the forefront of shipping Refined Petroleum from Denmark to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.05B
IMPORTS (2023)$3.21B
NET TRADE (2023)-$162M

In 2023, Denmark exported $3.05B in Refined Petroleum. The main destinations of Denmark exports on Refined Petroleum were Sweden ($1.09B), Netherlands ($825M), United Kingdom ($211M), Norway ($164M), and Singapore ($138M).

In 2023, Denmark imported $3.21B in Refined Petroleum, mainly from Sweden ($925M), Netherlands ($497M), United States ($278M), South Korea ($221M), and Kuwait ($200M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Denmark WERE (2022 - 2023):
United Kingdom$119M (129%)
Sweden$69.6M (6.81%)
Gibraltar$31.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Denmark WERE (2022 - 2023):
Spain-$344M (-100%)
India-$213M (-98.4%)
United States-$196M (-75.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Denmark's main exporting competitors in Refined Petroleum were:
In 2023, Denmark's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $183M
TOP IMPORT POTENTIALUnited States+ $196M

Refined Petroleum’s highest export potential is United States. With an export gap of $183M.   Refined Petroleum’s highest import potential is United States with an import gap of $196M.

See methodology.

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