2023
Exports
$10.1MWorld Rnk 51 / 137
Flag Rnk 555 / 1210
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$40.4MWorld Rnk 47 / 212
Flag Rnk 413 / 1213
2023
ECONOMIC COMPLEXITY of Denmark
1.13Rnk 22 / 132

About

Exports In 2023, Denmark exported $10.1M in Soybean Oil, making it the 51st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 555th most exported product in Denmark. The main destination of Soybean Oil exports from Denmark are: Netherlands ($6.07M), Iceland ($3.12M), Sweden ($733k), Norway ($160k), and Germany ($4.91k).

The fastest growing export markets for Soybean Oil of Denmark between 2022 and 2023 were Netherlands ($5.51M), Norway ($33.4k), and Ireland ($798).

Imports In 2023, Denmark imported $40.4M in Soybean Oil, becoming the 47th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 413th most imported product in Denmark. Denmark imports Soybean Oil primarily from: Norway ($23.5M), Netherlands ($4.01M), Germany ($3.15M), Sweden ($2.93M), and France ($2.64M).

The fastest growing import markets in Soybean Oil for Denmark between 2022 and 2023 were France ($2.64M), Netherlands ($2.17M), and Poland ($1.44M).

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 Soybean Oil. 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)$10.1M
IMPORTS (2023)$40.4M
NET TRADE (2023)-$30.3M

In 2023, Denmark exported $10.1M in Soybean Oil. The main destinations of Denmark exports on Soybean Oil were Netherlands ($6.07M), Iceland ($3.12M), Sweden ($733k), Norway ($160k), and Germany ($4.91k).

In 2023, Denmark imported $40.4M in Soybean Oil, mainly from Norway ($23.5M), Netherlands ($4.01M), Germany ($3.15M), Sweden ($2.93M), and France ($2.64M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Denmark WERE (2022 - 2023):
Netherlands$5.51M (998%)
Norway$33.4k (26.3%)
Ireland$798 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Denmark WERE (2022 - 2023):
Iceland-$1.06M (-25.3%)
Sweden-$262k (-26.3%)
United Kingdom-$57.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Denmark's main exporting competitors in Soybean Oil were:
In 2023, Denmark's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $94k
TOP IMPORT POTENTIALNetherlands+ $1.43M

Soybean Oil’s highest export potential is United Kingdom. With an export gap of $94k.   Soybean Oil’s highest import potential is Netherlands with an import gap of $1.43M.

See methodology.

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