United Kingdom (GBR) and Denmark (DNK) Trade

2022

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Exports $3.4BRnk 26 / 224

2022

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About

United Kingdom-Denmark Trade: In 2022, United Kingdom exported $3.4B to Denmark. The main products that United Kingdom exported to Denmark were Crude Petroleum ($361M), Refined Petroleum ($255M), and Cars ($127M). Over the past 5 years the exports of United Kingdom to Denmark have decreased at an annualized rate of 1.02%, from $3.58B in 2017 to $3.4B in 2022.

In 2019, United Kingdom exported services to Denmark worth $4.41B, with Other business services ($2.43B), Travel ($736M), and Financial services ($409M) being the largest in terms of value.

Denmark-United Kingdom Trade: In 2022, Denmark exported $5.63B to United Kingdom. The main products that Denmark exported to United Kingdom were Packaged Medicaments ($346M), Other Edible Preparations ($221M), and Non-fillet Fresh Fish ($217M). Over the past 5 years the exports of Denmark to United Kingdom have decreased at an annualized rate of 4.18%, from $6.97B in 2017 to $5.63B in 2022.

In 2020, Denmark exported services to United Kingdom worth $5.31B, with Transportation ($2.1B), Construction services ($1.1B), and Other business services ($919M) being the largest in terms of value.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £175M and imported £490M from Denmark, resulting in a negative trade balance of £315M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-98.9M (-36.1%) from £274M to £175M, while imports increased by £63.9M (15%) from £426M to £490M.

Trade In August 2024, the top exports of United Kingdom to Denmark were Crude Petroleum (£40.8M), Laboratory Ceramic Ware (£14.5M), Refined Petroleum (£7.06M), Other Engines (£6.9M), and Cars (£5.15M). In August 2024 the top imports of United Kingdom from Denmark were Packaged Medicaments (£58.6M), Iron Structures (£23.3M), Other toys (£19.2M), Refined Petroleum (£18.2M), and Cheese (£18.1M).

Origins In August 2024 the exports of United Kingdom were mainly from Immingham (£69.9M), Dover Eurotunnel (£22.5M), East Midlands Airport (£15.1M), Portsmouth (£13M), and Tyne (£8.4M), while imports destinations were mainly Immingham (£209M), Eurotunnel (£69.3M), Dover (£48.5M), London (£25.7M), and East Midlands Airport (£18.3M).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Coal Tar Oil (£-8.97M or -97.5%), Other Iron Products (£-6.47M or -61.5%), and Sound Recording Equipment (£-2.61M or -99.7%). In August 2024, the increase in United Kingdom's year-by-year imports from Denmark was explained primarily by an increase in product imports in Iron Structures (£22.5M or 2.91k%), Packaged Medicaments (£19.2M or 48.9%), and Other toys (£18.2M or 1.76k%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)£-98.9M(-36.1%)

IMPORT GROWTH (August 2023 - August 2024)£63.9M(15%)

MAIN EXPORTER (August 2024)Immingham£69.9M

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

To check Denmark and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $3.4B to Denmark. The main products exported from United Kingdom to Denmark were Crude Petroleum ($361M), Refined Petroleum ($255M), and Cars ($127M). During the last 5 years the exports of United Kingdom to Denmark have decreased at an annualized rate of 1.02%, from $3.58B in 2017 to $3.4B in 2022.

In 2017, Denmark exported $5.63B to United Kingdom. The main products exported from Denmark to United Kingdom were Packaged Medicaments ($346M), Other Edible Preparations ($221M), and Non-fillet Fresh Fish ($217M). During the last 5 years the exports of Denmark to United Kingdom have decreased at an annualized rate of 4.18%, from $6.97B in 2022 to $5.63B in 2017.

Exports from United Kingdom () to Denmark () (2022)

Exports from Denmark () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from United Kingdom than Denmark included United States ($61.8B), Netherlands ($41.9B), and Ireland ($32.6B).

In 2022, countries that imported more from Denmark than United Kingdom included Sweden ($11.6B), Norway ($6.53B), and Greenland ($587M).

Difference in imports from Denmark () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Denmark in the exports of Mineral Products ($755M), Machines ($697M), and Chemical Products ($346M).

During 2017, Denmark had a large net trade with United Kingdom in the exports of Machines ($1.19B), Animal Products ($910M), and Foodstuffs ($785M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Denmark+$103MCars

Top Product Potential Denmark United Kingdom+$234MPackaged 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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Bilateral Service Trade

Dnk Year

Gbr Year

In 2019, United Kingdom exported services to Denmark worth $4.41B, with Other business services ($2.43B), Travel ($736M), and Financial services ($409M) being the largest in terms of value.

In 2020, Denmark exported services to United Kingdom worth $5.31B, with Transportation ($2.1B), Construction services ($1.1B), and Other business services ($919M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Denmark () (2019)

Services Exports from Denmark () to United Kingdom () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United Kingdom () and Denmark () (2022)

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