Denmark

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DK · DNK · BACI 208 · latest data 2024

Exports

$114.5B USD, nominal · 2024

= $114,481 M14.2% over 5 yrs (up)

Imports

$123.3B USD, nominal · 2024

= $123,259 M24.6% over 5 yrs (up)

Trade balancedeficit

−$8.8B USD, nominal · 2024

= −$8,778 M

Total trade

$237.7B USD, nominal · 2024

= $237,739 M19.3% over 5 yrs (up)

World position: #36 of 225 exporters · top 25% · #36 of 225 importers · top 25% · 2024
World export share since 1995: −0.4 pp

Trade timeline

Denmark's exports grew from $43.8B in 1995 to $114.5B in 2024; the 2024 balance was −$8.8B.

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Exports, imports, trade balance and total trade of Denmark per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$43,770 M	$41,641 M	$2,129 M	$85,411 M
1996	$45,312 M	$41,647 M	$3,666 M	$86,959 M
1997	$40,443 M	$43,306 M	−$2,863 M	$83,748 M
1998	$43,143 M	$46,290 M	−$3,147 M	$89,433 M
1999	$44,525 M	$45,525 M	−$999 M	$90,050 M
2000	$44,356 M	$45,654 M	−$1,298 M	$90,009 M
2001	$46,869 M	$45,448 M	$1,421 M	$92,317 M
2002	$51,260 M	$49,871 M	$1,389 M	$101,130 M
2003	$59,203 M	$57,447 M	$1,756 M	$116,650 M
2004	$69,545 M	$67,819 M	$1,725 M	$137,364 M
2005	$77,837 M	$74,362 M	$3,475 M	$152,199 M
2006	$85,287 M	$85,603 M	−$316 M	$170,890 M
2007	$91,815 M	$98,299 M	−$6,484 M	$190,114 M
2008	$105,919 M	$109,736 M	−$3,817 M	$215,655 M
2009	$85,055 M	$81,994 M	$3,061 M	$167,049 M
2010	$88,818 M	$85,060 M	$3,758 M	$173,878 M
2011	$106,238 M	$96,515 M	$9,723 M	$202,753 M
2012	$96,936 M	$92,394 M	$4,542 M	$189,330 M
2013	$100,273 M	$97,858 M	$2,416 M	$198,131 M
2014	$100,352 M	$100,775 M	−$423 M	$201,127 M
2015	$86,216 M	$86,294 M	−$78 M	$172,510 M
2016	$85,827 M	$84,974 M	$853 M	$170,801 M
2017	$91,360 M	$93,883 M	−$2,524 M	$185,243 M
2018	$101,195 M	$104,148 M	−$2,953 M	$205,343 M
2019	$100,261 M	$98,937 M	$1,324 M	$199,198 M
2020	$100,421 M	$96,836 M	$3,585 M	$197,257 M
2021	$114,886 M	$121,045 M	−$6,158 M	$235,931 M
2022	$117,665 M	$126,276 M	−$8,612 M	$243,941 M
2023	$117,651 M	$125,800 M	−$8,150 M	$243,451 M
2024	$114,481 M	$123,259 M	−$8,778 M	$237,739 M

30 rows

World share & rank

World export share moved from 0.9% in 1995 to 0.5% in 2024; export rank #27 → #36.

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World export and import share in percent, and world ranks, of Denmark per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.86%	0.82%	#27	#24
1996	0.84%	0.78%	#27	#26
1997	0.72%	0.77%	#30	#27
1998	0.78%	0.83%	#28	#25
1999	0.77%	0.79%	#29	#26
2000	0.68%	0.70%	#31	#27
2001	0.74%	0.72%	#29	#26
2002	0.77%	0.75%	#29	#27
2003	0.77%	0.75%	#29	#27
2004	0.75%	0.73%	#31	#27
2005	0.74%	0.71%	#32	#30
2006	0.71%	0.71%	#33	#29
2007	0.66%	0.70%	#35	#29
2008	0.66%	0.68%	#34	#31
2009	0.68%	0.66%	#33	#31
2010	0.59%	0.57%	#37	#33
2011	0.59%	0.54%	#37	#34
2012	0.54%	0.51%	#39	#33
2013	0.55%	0.54%	#40	#34
2014	0.55%	0.55%	#39	#34
2015	0.54%	0.54%	#36	#33
2016	0.55%	0.54%	#36	#34
2017	0.52%	0.54%	#37	#34
2018	0.53%	0.55%	#37	#34
2019	0.54%	0.53%	#36	#34
2020	0.59%	0.56%	#35	#34
2021	0.54%	0.57%	#36	#34
2022	0.49%	0.52%	#38	#36
2023	0.52%	0.56%	#36	#36
2024	0.50%	0.54%	#36	#36

30 rows

Trading partners

Germany was Denmark's top trading partner in 2024, at 16.3% of total trade; the top five partners covered 47.9%.

Year

Top partner share: 16.3%
Top-5 share: 47.9%
Partners: 223
Partner HHI (0–1): 0.063

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Germany $15.1B

Sweden $11.4B

United States $9.4B

Netherlands $6.7B

United Kingdom $6.1B

China $5.7B

Poland $4.7B

Norway $4.5B

France $4.2B

Italy $3.6B

Spain $2.6B

Belgium $2.0B

Finland $2.0B

Czechia $1.5B

South Korea $1.2B

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Top partners of Denmark in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Germany	$15,132 M	$23,738 M	$38,870 M	−$8,605 M
#2	Sweden	$11,376 M	$13,976 M	$25,352 M	−$2,600 M
#3	Netherlands	$6,710 M	$11,033 M	$17,743 M	−$4,323 M
#4	China	$5,728 M	$10,205 M	$15,933 M	−$4,477 M
#5	United States	$9,366 M	$6,548 M	$15,914 M	$2,818 M
#6	Poland	$4,652 M	$5,991 M	$10,643 M	−$1,339 M
#7	Norway	$4,531 M	$6,084 M	$10,615 M	−$1,553 M
#8	United Kingdom	$6,108 M	$2,585 M	$8,692 M	$3,523 M
#9	France	$4,193 M	$4,235 M	$8,428 M	−$43 M
#10	Italy	$3,551 M	$4,247 M	$7,798 M	−$696 M
#11	Belgium	$2,036 M	$4,021 M	$6,056 M	−$1,985 M
#12	Spain	$2,646 M	$2,485 M	$5,132 M	$161 M
#13	Czechia	$1,510 M	$2,318 M	$3,828 M	−$808 M
#14	South Korea	$1,226 M	$2,398 M	$3,624 M	−$1,172 M
#15	Finland	$1,999 M	$1,428 M	$3,427 M	$571 M

15 rows

Products & sectors

Product composition of Denmark's trade in 2024.

Year

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Concentration & risk

Denmark's export partners diversified over 1995–2024 — HHI 0.071 → 0.052, a diversified export base across 220 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Denmark per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.071	0.089	199	172
1996	0.071	0.085	200	169
1997	0.073	0.089	128	173
1998	0.067	0.089	202	181
1999	0.066	0.087	202	183
2000	0.064	0.083	206	186
2001	0.067	0.088	216	202
2002	0.067	0.087	219	205
2003	0.066	0.091	217	211
2004	0.063	0.083	218	211
2005	0.067	0.083	218	209
2006	0.067	0.086	220	213
2007	0.064	0.086	214	216
2008	0.065	0.082	219	217
2009	0.060	0.080	215	210
2010	0.062	0.083	218	207
2011	0.063	0.083	213	204
2012	0.063	0.082	212	211
2013	0.059	0.081	217	205
2014	0.058	0.078	217	204
2015	0.057	0.080	219	205
2016	0.057	0.084	217	203
2017	0.057	0.081	216	201
2018	0.058	0.085	218	205
2019	0.057	0.082	215	203
2020	0.056	0.086	218	207
2021	0.056	0.084	216	213
2022	0.059	0.082	218	218
2023	0.054	0.079	217	221
2024	0.052	0.079	220	218

30 rows

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