2022
Flag  
GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

United States-Denmark Trade: In 2022, United States exported $4.61B to Denmark. The main products that United States exported to Denmark were Crude Petroleum ($1.69B), Refined Petroleum ($219M), and Planes, Helicopters, and/or Spacecraft ($143M). Over the past 5 years the exports of United States to Denmark have increased at an annualized rate of 16.3%, from $2.16B in 2017 to $4.61B in 2022.

In 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) being the largest in terms of value.

Denmark-United States Trade: In 2022, Denmark exported $13.1B to United States. The main products that Denmark exported to United States were Packaged Medicaments ($6.29B), Vaccines, blood, antisera, toxins and cultures ($304M), and Medical Instruments ($288M). Over the past 5 years the exports of Denmark to United States have increased at an annualized rate of 11.1%,  from $7.76B in 2017 to $13.1B in 2022.

In 2020, Denmark exported services to United States worth $10.6B, with Transportation ($5.76B), Royalties and license fees ($2.56B), and Other business services ($912M) being the largest in terms of value.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Company data: In 2023, leading companies such as Vestas (359), Kubota (120), and IKEA Group (113) were at the forefront of exporting goods from Denmark to the United States. Conversely, Other (412), Eimskip Denmark A/s (101), and Kverneland Group Kerteminde A/s (99) were notable for importing products to Denmark from the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $4.61B to Denmark. The main products exported from United States to Denmark were Crude Petroleum ($1.69B), Refined Petroleum ($219M), and Planes, Helicopters, and/or Spacecraft ($143M). During the last 5 years the exports of United States to Denmark have increased at an annualized rate of 16.3%, from $2.16B in 2017 to $4.61B in 2022.

In 2017, Denmark exported $13.1B to United States. The main products exported from Denmark to United States were Packaged Medicaments ($6.29B), Vaccines, blood, antisera, toxins and cultures ($304M), and Medical Instruments ($288M). During the last 5 years the exports of Denmark to United States have increased at an annualized rate of 11.1%, from $7.76B in 2022 to $13.1B in 2017.

Exports from United States (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from United States than Denmark included Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Denmark (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Denmark

Flow
Scale

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

During 2022, United States had a large net trade with Denmark in the exports of Mineral Products ($1.95B), Machines ($647M), and Chemical Products ($537M).

During 2017, Denmark had a large net trade with United States in the exports of Chemical Products ($7.47B), Machines ($2.28B), and Instruments ($902M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Denmark+$196MRefined Petroleum
Top Product Potential Denmark United States+$210MVaccines, blood, antisera, toxins and cultures

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 2017, United States exported services to Denmark worth $7.1B, with Transportation ($2.29B), Other business services ($2.28B), and Travel ($1.08B) being the largest in terms of value.

In 2020, Denmark exported services to United States worth $10.6B, with Transportation ($5.76B), Royalties and license fees ($2.56B), and Other business services ($912M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Denmark (Flag) (2017)

Services Exports from Denmark (Flag) to United States (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Denmark. This means that a dot/product with the flag of United States 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 States.

Product Space of United States (Flag) and Denmark (Flag) (2022)

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