Danish exports and the Danish economy Total exports accounted for 50 per cent of our GNP (DKK 1,188 billion), whilst imports accounted for 47.4 per cent (DKK 1,033.4 billion).
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What is Denmark’s major imports and exports?
The most recent imports of Denmark are led by Cars ($5.2B), Refined Petroleum ($4.5B), Packaged Medicaments ($3.34B), Crude Petroleum ($2.36B), and Broadcasting Equipment ($2.13B). The most common import partners for Denmark are Germany ($21B), Sweden ($11.1B), Netherlands ($7.43B), China ($6.97B), and Norway ($4.43B).
How much does Denmark import and export?
Imports of goods and services (current US$)
In 2019, Denmark exported $204.2 billion and imported $178.5 billion, resulting in a positive trade balance of $25.7 billion. In 2015, Denmark’s largest export sector was Consumer Goods, with 33.32% of total exports. Denmark exported 4,212 different products in 2015.
What does Denmark export the most?
Denmark’s Top 10 Exports
- Pharmaceuticals: US$19.2 billion (17.7% of total exports)
- Machinery including computers: $14.4 billion (13.3%)
- Electrical machinery, equipment: $8.7 billion (8%)
- Optical, technical, medical apparatus: $4.2 billion (3.8%)
- Meat: $4.1 billion (3.8%)
- Fish: $3.5 billion (3.3%)
Which country exports and imports the most?
The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019. The U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe.
What goods does Denmark import?
What are the most important Danish imports? Refined petroleum, cars, computers, chemicals, consumer goods, machinery, and equipment are some of the main imported goods. Major import partners include Germany, Sweden, the Netherlands, China, Norway or the United Kingdom.
What are the top 5 exports of Denmark?
Denmark’s Top 5 Commodity Exports
| Commodity | Amount (Annually) |
|---|---|
| Pig Meat | $2.64 billion |
| Iron Structures | $1.29 billion |
| Crude Petroleum | $1.04 billion |
| Pigs | $1 billion |
Where does Denmark import from?
In 2019, Denmark major trading partner countries for exports were Special Categories, Germany, Sweden, Norway and United Kingdom and for imports they were Germany, Sweden, Netherlands, China and Norway.
Why is Denmark so rich?
Denmark supports a high standard of living—its per capita gross national product is among the highest in the world—with well-developed social services. The economy is based primarily on service industries, trade, and manufacturing; only a tiny percentage of the population is engaged in agriculture and fishing.
Why is Denmark so successful?
The reasons that make Denmark’s economy so successful are a very developed infrastructure, an efficient workforce and an advanced welfare system. Moreover, Denmark is among the world leaders in wireless communications, internet and new media. Denmark has one of Europe’s most efficient distribution systems.
Who is Denmark’s biggest trading partner?
The biggest trading partner for importing goods to Denmark in 2020 was Germany with a total import value of roughly 139 billion Danish kroner. The second most goods were imported from Sweden, reaching nearly 80 billion kroner the same year.
Who is Denmark’s largest trading partner?
Germany
The biggest trading partner for exporting goods from Denmark in 2020 was Germany with a total export value of roughly 96 billion Danish kroner. The second most goods were exported to the United States, reaching over 77.6 billion kroner the same year.
Which country has the highest imports?
UNITED STATES
WORLD’S 10 LARGEST IMPORTERS
| NO. | COUNTRY | YEARLY IMPORTS VALUE |
|---|---|---|
| 1 | UNITED STATES | $2.40 trillion |
| 2 | CHINA | $2.05 trillion |
| 3 | GERMANY | $1.11 trillion |
| 4 | FRANCE | $1.02 billion |
Which country has the most imports?
United States
Which Countries Import the Most Goods?
| Rank | Country | Share of Global Total |
|---|---|---|
| #1 | United States | 13.2% |
| #2 | China | 10.8% |
| #3 | Germany | 6.5% |
| #4 | Japan | 3.8% |
Which country is the #1 exporting nation in the world?
China
This is a list of countries by exports of goods and services, based on World Bank’s data.
List by World Bank.
| Rank | 1 | |
|---|---|---|
| Country | World | China |
| Exports (millions of $) | 24,933,017.78 | 2,643,376.93 |
| % of GDP | 30.5% | 18.5% |
| Year | 2019 | 2019 |
What is Denmark known for?
Denmark is known for being Hans Christian Andersen’s birthplace, for the Little Mermaid statue, and for being the Happiest Nation worldwide. However, there are much more to know about this small Scandinavian country that most foreigners haven’t found out yet.
What does Sweden export to Denmark?
In 2019, Sweden exported $11.1B to Denmark. The main products exported from Sweden to Denmark were Broadcasting Equipment ($1.08B), Cars ($870M), and Refined Petroleum ($554M). During the last 24 years the exports of Sweden to Denmark have increased at an annualized rate of 3.35%, from $5.02B in 1995 to $11.1B in 2019.
What products are made in Denmark?
Denmark is known for its focus on beautiful design, and is famous for jewellery, fashion and kitchenware.
- LEGO® LEGO is a brand that every kid around the world loves and has been selling billions of bricks worldwide.
- ECCO.
- Pandora Jewellery.
- Royal Copenhagen Porcelain.
- Georg Jensen.
- Carlsberg.
How much food does Denmark import?
However, there are areas where demand exceeds the supply. Denmark’s main annual agricultural imports from the U.S. are fish and seafood (USD 77 million), fruits and vegetables (USD 38 million), and livestock fodder (USD 20 million). It is a net importer of these from the U.S.
What does Denmark import from India?
| Denmark Imports from India | Value | Year |
|---|---|---|
| Machinery, nuclear reactors, boilers | $58.46M | 2020 |
| Articles of apparel, knit or crocheted | $55.77M | 2020 |
| Other made textile articles, sets, worn clothing | $42.16M | 2020 |
| Iron and steel | $34.92M | 2020 |
Does Denmark export?
Danish exports and the Danish economy
According to Statistics Denmark, Danish GNP in 2017 was DKK 2,178.1 billion. Total exports accounted for 50 per cent of our GNP (DKK 1,188 billion), whilst imports accounted for 47.4 per cent (DKK 1,033.4 billion).
