Denmark is the 38th largest export economy in the world and the 19th most complex economy according to the Economic Complexity Index (ECI). In 2017, Denmark exported $83.2B and imported $84.4B, resulting in a negative trade balance of $1.19B.
Denmark is a country with a strong economy and a liberal trade policy. Among its main exports, the country is known for being a net exporter of food and energy.Denmark has a positive trade balance.Imports and exports in Denmark are performed according to the country and EU laws.
Denmark’s top 10 exports accounted for 58.4% of the overall value of its global shipments. Mineral fuels including oil was the fastest-growing among the top 10 export categories, up 15.4% in value from 2017 to 2018. In second place was Denmark’s exported pharmaceuticals via its 11.4% gain, trailed by the 7.5% increase for vehicles category.
Import numbers rarely match the source exporters’ stats. Reasons for import-export statistical discrepancies include re-exports, time lags, misallocations, distinct trade reporting systems, different quantity measurements and country confidentiality rules. Also, transportation and insurance costs are sometimes added to import totals.
Top Denmark Exports 2018. Denmark shipped US$107.6 billion worth of goods around the globe in 2018, down by -2.8% since 2014 but up by 5.9% from 2017 to 2018.
Denmark - Import Requirements and DocumentationDenmark - Import Requirements Includes import documentation and other requirements for both the U.S. exporter and foreign importer.
Denmark services export is 66,965,731,580.44 in BoP, current US$ and services import is 62,201,650,047.99 in Bop, current US$.Denmark exports of goods and services as percentage of GDP is 55.21% and imports of goods and services as percentage of GDP is 48.15%.
The economy of Denmark is a modern market economy with comfortable living standards, a high level of government services and transfers, and a high dependence on foreign trade. The economy is dominated by the service sector with 80% of all jobs, whereas about 11% of all employees work in manufacturing and 2% in agriculture.
Exports in Denmark is expected to be 61500.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Denmark to stand at 57000.00 in 12 months time.
Main import partners were: Germany (23 percent of total imports), Sweden (12 percent), the Netherlands and China (8 percent each), the UK (4 percent), France and Norway (3 percent each). This page provides - Denmark Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.