OVERVIEW
Denmark is a country located in Northern Europe, known for its high quality of life, progressive social systems, cycling culture, the concept of “hygge”, that reflects a cozy and content lifestyle, and cultural icons like Hans Christian Andersen and LEGO.
Its capital, Copenhagen, is a vibrant mix of history and innovation, and also the country’s political and cultural heart, with its colorful harbor, green initiatives and rich architecture.
In 2023, Denmark ranked
- 35th in terms of GDP, currently valued as $407B, out of 195 economies in the world;
- 37th in terms of total exports out of 226 countries;
- 14th in terms of GDP per capita, valued with current US$, out of 196 economies in the world.
ECONOMIC COMPLEXITY RANKING
EXPORT
In 2023 it was estimated that the principal products that were exported from Denmark were
- Packaged Medicaments - $16.5B;
- Vaccines, blood, antisera, toxins and cultures - $3.78B;
- Refined Petroleum - $3.05B;
- Pig Meat - $3B;
- Cheese - $2.32B.
On the other hand, the commonest destinations for Denmark exports were
- Germany - $14.8B;
- United States - $12B;
- Sweden - $11.2B;
- Netherlands - $7.89B;
- China - $5.91B.
Lastly, it was revealed that, in the latest year, Denmark was the world’s largest exporter of:
- Enzymes - $1.65B;
- Pigs - $1.58B.
IMPORT
In 2023 the most imported products from other countries to Denmark were
- Petroleum Gas - $8.1B;
- Cars - $7.05B;
- Packaged Medicaments - $3.83B;
- Refined Petroleum - $3.21B;
- Crude Petroleum - $3.08B.
These goods were mainly produced by
- Germany - $23.2B;
- Sweden - $14.4B;
- Norway - $12.7B;
- Netherlands - $11.3B;
- China - $8.63B.
YEARLY TRADE
During the last five reported years, the exports of Denmark have increased by an amount of $20B from $103B in 2018 to $123B in 2023.
The most recent exports are led by
- Packaged Medicaments - $16.6B;
- Vaccines, blood, antisera, toxins and cultures - $3.7B;
- Refined Petroleum - $2.94B;
- Pig Meat - $2.91B;
- Cheese - $2.31B.
They were exported primarily to
- Germany - $15.8B;
- United States - $12B;
- Sweden - $11.3B;
- Netherlands - $8.06B;
- United Kingdom - $6.05B.
CONCLUSIONS
In 2023, Denmark remained a stable and influential market in Europe, with sectors like renewable energy, pharmaceuticals and digital services that continued to thrive.
Its market also offered solid prospects for long-term development and leadership in green transformation, and its strong commitment to sustainability and inclusive growth kept the attraction active to investors.
Source: https://oec.world/en
