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2022
Flag → Flag
Exports $742MRnk 30 / 210
2022
Flag → Flag
Top Product $85.7MScented Mixtures
2022
Flag → Flag
Exports $926MRnk 24 / 218
2022
Flag → Flag
Top Product $117MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 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 $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Ireland-Denmark Trade: In 2022, Ireland exported $742M to Denmark. The main products that Ireland exported to Denmark were Scented Mixtures ($85.7M), Packaged Medicaments ($69.4M), and Office Machine Parts ($52.4M). Over the past 5 years the exports of Ireland to Denmark have decreased at an annualized rate of 6.62%, from $1.05B in 2017 to $742M in 2022.

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

Denmark-Ireland Trade: In 2022, Denmark exported $926M to Ireland. The main products that Denmark exported to Ireland were Packaged Medicaments ($117M), Vitamins ($35.8M), and Animal Food ($33.6M). Over the past 5 years the exports of Denmark to Ireland have increased at an annualized rate of 5.88%,  from $696M in 2017 to $926M in 2022.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported €47.9M and imported €44.1M from Denmark, resulting in a positive trade balance of €3.77M. Between August 2023 and August 2024 the exports of Ireland have decreased by €-5.18M (-9.76%) from €53.1M to €47.9M, while imports decreased by €-3.78M (-7.89%) from €47.9M to €44.1M.

Trade In August 2024, the top exports of Ireland to Denmark were Medicinal and pharmaceutical products (€8.74M), Meat and meat preparations (€7.32M), Essential oils, perfume materials, toilet preparations... (€6.9M), Inorganic chemicals (€4.61M), and Chemical materials and products, n.e.s. (€4.13M). In August 2024 the top imports of Ireland from Denmark were Medicinal and pharmaceutical products (€36M), Unclassified estimates (€4.32M), General industrial machinery and parts, n.e.s. (€3.63M), Dairy products and birds eggs (€2.78M), and Machinery specialised for particular industries (€2.41M).

Growth In August 2024, the decrease in Ireland's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Electrical machinery, appliances etc., n.e.s. (€-3.59M or -72.5%), General industrial machinery and parts, n.e.s. (€-1.11M or -65.3%), and Prefab buildings; plumbing and electrical fixtures... (€-369k or -90.9%). In August 2024, the decrease in Ireland's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Power generating machinery and equipment (€-13M or -98.9%), General industrial machinery and parts, n.e.s. (€-4.89M or -57.4%), and Gas, natural and manufactured (€-1.94M or -86.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-5.18M(-9.76%)
IMPORT GROWTH (August 2023 - August 2024)€-3.78M(-7.89%)

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

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

For full datasets download visit Bulk Download page.

Explore Denmark and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $742M to Denmark. The main products exported from Ireland to Denmark were Scented Mixtures ($85.7M), Packaged Medicaments ($69.4M), and Office Machine Parts ($52.4M). During the last 5 years the exports of Ireland to Denmark have decreased at an annualized rate of 6.62%, from $1.05B in 2017 to $742M in 2022.

In 2017, Denmark exported $926M to Ireland. The main products exported from Denmark to Ireland were Packaged Medicaments ($117M), Vitamins ($35.8M), and Animal Food ($33.6M). During the last 5 years the exports of Denmark to Ireland have increased at an annualized rate of 5.88%, from $696M in 2022 to $926M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Ireland than Denmark included United States ($70.7B), Belgium ($17B), and United Kingdom ($19B).

In 2022, countries that imported more from Denmark than Ireland included Sweden ($11.6B), Norway ($6.53B), and Poland ($4.78B).

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

Comparative Advantage Ireland - Denmark

Flow
Scale

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

During 2022, Ireland had a large net trade with Denmark in the exports of Chemical Products ($228M), Machines ($224M), and Animal Products ($88.8M).

During 2017, Denmark had a large net trade with Ireland in the exports of Chemical Products ($227M), Machines ($193M), and Foodstuffs ($81.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Denmark+$63.4MPackaged Medicaments
Top Product Potential Denmark Ireland+$58.2MPackaged 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

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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