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Denmark Trade Summary

2023

Denmark exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR DENMARK 2023

Overall Exports and Imports for Denmark 2023

Exports and imports of Denmark in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 128,600 million.
  • The total value of imports (CIF) was 120,211 million.
  • At the HS6 digit level, 4,248 products were exported to 225 countries and 4,459 products were imported from 227 countries.

Denmark top 5 Export and Import partners 2023

Top five countries to which Denmark exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Denmark exports to Special Categories worth US$ 23,258 million, with a partner share of 18.09 percent.
  2. Denmark exports to Germany worth US$ 17,608 million, with a partner share of 13.69 percent.
  3. Denmark exports to Sweden worth US$ 10,670 million, with a partner share of 8.30 percent.
  4. Denmark exports to Netherlands worth US$ 7,462 million, with a partner share of 5.80 percent.
  5. Denmark exports to Norway worth US$ 6,849 million, with a partner share of 5.33 percent.

Top five countries from which Denmark imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Denmark imports from Germany worth US$ 24,492 million, with a partner share of 20.37 percent.
  2. Denmark imports from Sweden worth US$ 14,987 million, with a partner share of 12.47 percent.
  3. Denmark imports from Netherlands worth US$ 11,324 million, with a partner share of 9.42 percent.
  4. Denmark imports from China worth US$ 7,866 million, with a partner share of 6.54 percent.
  5. Denmark imports from Poland worth US$ 5,769 million, with a partner share of 4.80 percent.

Denmark Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Denmark along with trade value are:

  1. Denmark exported Human and animal blood; microbial cultures; tox , worth 3,811,914.93 (US$ Thousands).
  2. Denmark exported Petroleum oils, etc, (excl. crude); preparation , worth 2,439,207.71 (US$ Thousands).
  3. Denmark exported Live swine weighing <50kg (excl. pure-bred bree , worth 1,536,538.39 (US$ Thousands).
  4. Denmark exported Electric generating sets, nes , worth 1,522,582.38 (US$ Thousands).
  5. Denmark exported Other hormones and derivatives, nes; other ster , worth 1,510,859.58 (US$ Thousands).

The top five imported HS 6 digit level products from world by Denmark along with trade value are

  1. Denmark imported Automobiles nes including gas turbine powered , worth 4,527,890.81 (US$ Thousands).
  2. Denmark imported Petroleum oils and oils obtained from bituminou , worth 3,175,004.78 (US$ Thousands).
  3. Denmark imported Petroleum oils, etc, (excl. crude); preparation , worth 3,109,701.85 (US$ Thousands).
  4. Denmark imported Transmission apparatus, for radioteleph incorpo , worth 2,692,796.07 (US$ Thousands).
  5. Denmark imported Other medicaments of mixed or unmixed products, , worth 2,419,942.83 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Denmark in 2023 are below

  • The maximum rate of tariff in percentage on any product was 250.10 percent.
  • The simple average tariff across all products was 2.18 percent.
  • The trade weighted average tariff was 1.50 .
  • The total duty free imports in thousands of US dollars were 29,140,672.01 and duty free tariff line items share was 63.97 percent.

Development Indicators 2023

Key Development Indicators of Denmark in 2023 are below

  • Denmark GDP in current US dollar was 407,092 million.
  • GNI per capita, Atlas method (current US$) was 73,340.00 .
  • Denmark Trade balance: as % of GDP was 8.15.
  • Trade balance in current US$ was 33,181.00 million.
  • Trade as percentage of GDP was 127.77 .
  • Trade in services as percentage of GDP was 57.87 .

Trade Indicators 2023

Trade Indicators for Denmark in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 16.87.
  • World Growth in percentage was -3.13 and Denmark Country Growth was 1.51 .