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2022
Flag → Flag
Exports $2.63BRnk 26 / 218
2022
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Top Product $350MCars
2022
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Exports $3.21BRnk 10 / 218
2022
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Top Product $434MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 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

Spain-Denmark Trade: In 2022, Spain exported $2.63B to Denmark. The main products that Spain exported to Denmark were Cars ($350M), Packaged Medicaments ($87.8M), and Vegetable Saps ($79.3M). Over the past 5 years the exports of Spain to Denmark have increased at an annualized rate of 7.83%, from $1.81B in 2017 to $2.63B in 2022.

In 2009, Spain exported services to Denmark worth $2.7B, with Services not allocated ($1.45B), Travel ($1.14B), and Transportation ($115M) being the largest in terms of value.

Denmark-Spain Trade: In 2022, Denmark exported $3.21B to Spain. The main products that Denmark exported to Spain were Packaged Medicaments ($434M), Coal Tar Oil ($253M), and Refined Petroleum ($165M). Over the past 5 years the exports of Denmark to Spain have increased at an annualized rate of 7.78%,  from $2.21B in 2017 to $3.21B in 2022.

In 2020, Denmark exported services to Spain worth $1.16B, with Transportation ($841M), Other business services ($123M), and Construction services ($52.1M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €139M and imported €196M from Denmark, resulting in a negative trade balance of €56.3M. Between August 2023 and August 2024 the exports of Spain have decreased by €-26.1M (-15.8%) from €166M to €139M, while imports increased by €25.2M (14.8%) from €170M to €196M.

Trade In August 2024, the top exports of Spain to Denmark were Cars (€40.9M), Petroleum Gas (€13.6M), Citrus (€6.88M), Delivery Trucks (€5.49M), and Other Vegetables (€5.33M). In August 2024 the top imports of Spain from Denmark were Packaged Medicaments (€33.7M), Vaccines, blood, antisera, toxins and cultures (€25.1M), Cheese (€8.5M), Biodiesel and mixtures thereof (€7.43M), and Wheat (€7.22M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€22.2M), Madrid (€12.6M), Valencia (€9.78M), Toledo (€9.63M), and Navarra (€9.14M), while imports destinations were mainly Madrid (€102M), Barcelona (€26.2M), Valencia (€8.94M), Alicante (€5.34M), and Navarra (€5.21M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Transmissions (€-2.47M or -93.4%), Raw Plastic Sheeting (€-2.08M or -56.6%), and Other Iron Products (€-1.92M or -31.8%). In August 2024, the increase in Spain's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Vaccines, blood, antisera, toxins and cultures (€23.3M or 1.31k%), Hot-Rolled Iron (€4.07M or 219%), and Special Pharmaceuticals (€3.25M or 189%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-26.1M(-15.8%)
IMPORT GROWTH (August 2023 - August 2024)€25.2M(14.8%)
MAIN EXPORTER (August 2024)Barcelona€22.2M

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

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

For full datasets download visit Bulk Download page.

Explore Denmark and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $2.63B to Denmark. The main products exported from Spain to Denmark were Cars ($350M), Packaged Medicaments ($87.8M), and Vegetable Saps ($79.3M). During the last 5 years the exports of Spain to Denmark have increased at an annualized rate of 7.83%, from $1.81B in 2017 to $2.63B in 2022.

In 2017, Denmark exported $3.21B to Spain. The main products exported from Denmark to Spain were Packaged Medicaments ($434M), Coal Tar Oil ($253M), and Refined Petroleum ($165M). During the last 5 years the exports of Denmark to Spain have increased at an annualized rate of 7.78%, from $2.21B in 2022 to $3.21B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Spain than Denmark included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Denmark than Spain included Sweden ($11.6B), Norway ($6.53B), and Finland ($2.37B).

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

Comparative Advantage Spain - Denmark

Flow
Scale

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

During 2022, Spain had a large net trade with Denmark in the exports of Transportation ($488M), Metals ($368M), and Vegetable Products ($358M).

During 2017, Denmark had a large net trade with Spain in the exports of Chemical Products ($735M), Mineral Products ($541M), and Animal Products ($489M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Denmark+$106MCars
Top Product Potential Denmark Spain+$135MPackaged 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 2009, Spain exported services to Denmark worth $2.7B, with Services not allocated ($1.45B), Travel ($1.14B), and Transportation ($115M) being the largest in terms of value.

In 2020, Denmark exported services to Spain worth $1.16B, with Transportation ($841M), Other business services ($123M), and Construction services ($52.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Denmark (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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