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2022
Flag → Flag
Exports $262MRnk 58 / 215
2022
Flag → Flag
Top Product $39.5MCrustaceans
2022
Flag → Flag
Exports $1.44BRnk 15 / 218
2022
Flag → Flag
Top Product $631MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Canada-Denmark Trade: In 2022, Canada exported $262M to Denmark. The main products that Canada exported to Denmark were Crustaceans ($39.5M), Fuel Wood ($18.1M), and Non-fillet Frozen Fish ($15.9M). Over the past 5 years the exports of Canada to Denmark have decreased at an annualized rate of 8.55%, from $410M in 2017 to $262M in 2022.

In 2020, Canada exported services to Denmark worth $138M, with Transportation ($96.2M), Royalties and license fees ($15.7M), and Travel ($14.9M) being the largest in terms of value.

Denmark-Canada Trade: In 2022, Denmark exported $1.44B to Canada. The main products that Denmark exported to Canada were Packaged Medicaments ($631M), Orthopedic Appliances ($80.2M), and Other Furniture ($31.5M). Over the past 5 years the exports of Denmark to Canada have increased at an annualized rate of 8.48%,  from $961M in 2017 to $1.44B in 2022.

In 2020, Denmark exported services to Canada worth $793M, with Transportation ($518M), Other business services ($98.3M), and Computer and information services ($59.4M) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$39.2M and imported C$113M from Denmark, resulting in a negative trade balance of C$73.8M. Between June 2023 and June 2024 the exports of Canada have increased by C$1.46M (3.88%) from C$37.7M to C$39.2M, while imports decreased by C$-90.5M (-44.5%) from C$203M to C$113M.

Trade In June 2024, the top exports of Canada to Denmark were Coal Briquettes (C$22.6M), Fuel Wood (C$5.49M), Vitamins (C$1.89M), LCDs (C$1.63M), and Crustaceans (C$1.18M). In June 2024 the top imports of Canada from Denmark were Packaged Medicaments (C$100M), Orthopedic Appliances (C$8.23M), Machinery Having Individual Functions (C$6.01M), Harvesting Machinery (C$3.44M), and Chemical Analysis Instruments (C$3.42M).

Origins In June 2024 the exports of Canada were mainly from Quebec (C$16.1M), New Brunswick (C$7.3M), Nova Scotia (C$4.5M), Ontario (C$3.74M), and British Columbia (C$2.81M), while imports destinations were mainly Ontario (C$68.8M), Quebec (C$25.6M), Alberta (C$5.7M), British Columbia (C$5.02M), and Manitoba (C$2.93M).

Growth In June 2024, the increase in Canada's year-by-year exports to Denmark was explained primarily by an increase in product exports in LCDs (C$1.49M or 1.07k%), Electric Motors (C$760k or 224%), and Computers (C$394k or 16k%). In June 2024, the decrease in Canada's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Industrial Food Preperation Machinery (C$-1.44M or -59.7%), Frozen Bovine Meat (C$-1.21M or -88.7%), and Cheese (C$-1.19M or -43.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$1.46M(3.88%)
IMPORT GROWTH (June 2023 - June 2024)C$-90.5M(-44.5%)
MAIN EXPORTER (June 2024)QuebecC$16.1M

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

To check Denmark and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $262M to Denmark. The main products exported from Canada to Denmark were Crustaceans ($39.5M), Fuel Wood ($18.1M), and Non-fillet Frozen Fish ($15.9M). During the last 5 years the exports of Canada to Denmark have decreased at an annualized rate of 8.55%, from $410M in 2017 to $262M in 2022.

In 2017, Denmark exported $1.44B to Canada. The main products exported from Denmark to Canada were Packaged Medicaments ($631M), Orthopedic Appliances ($80.2M), and Other Furniture ($31.5M). During the last 5 years the exports of Denmark to Canada have increased at an annualized rate of 8.48%, from $961M in 2022 to $1.44B in 2017.

Exports from Canada (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Canada than Denmark included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Denmark than Canada included Germany ($18.9B), Sweden ($11.6B), and Poland ($4.78B).

Difference in imports from Denmark (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Denmark

Flow
Scale

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

During 2022, Canada had a large net trade with Denmark in the exports of Animal Products ($60.1M), Machines ($52.3M), and Instruments ($38.7M).

During 2017, Denmark had a large net trade with Canada in the exports of Chemical Products ($702M), Machines ($223M), and Instruments ($126M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Denmark+$8.2MPackaged Medicaments
Top Product Potential Denmark Canada+$28.5MRefined Petroleum

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 2020, Canada exported services to Denmark worth $138M, with Transportation ($96.2M), Royalties and license fees ($15.7M), and Travel ($14.9M) being the largest in terms of value.

In 2020, Denmark exported services to Canada worth $793M, with Transportation ($518M), Other business services ($98.3M), and Computer and information services ($59.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Denmark (Flag) (2020)

Services Exports from Denmark (Flag) to Canada (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Canada (Flag) and Denmark (Flag) (2022)

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