Economy of Denmark
| Statistics | |
|---|---|
| Imports | $94.93 billion (2017 est.) |
| Import goods | machinery and equipment, raw materials and semimanufactures for industry, chemicals, grain and foodstuffs, consumer goods |
| Main import partners | Germany(+) 21.3% Sweden(+) 11.9% Netherlands(+) 7.8% China(-) 7.1% Norway(+) 6.3% Poland(+) 4.0% (2017) |
Contents
What are the main imports of Denmark?
Imports The top imports of Denmark are Cars ($5.2B), Refined Petroleum ($4.5B), Packaged Medicaments ($3.34B), Crude Petroleum ($2.36B), and Broadcasting Equipment ($2.13B), importing mostly from Germany ($21B), Sweden ($11.1B), Netherlands ($7.43B), China ($6.97B), and Norway ($4.43B).
What foods 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).
What is Denmark’s largest export?
Denmark is a net exporter of food and energy, and its principal exports are machinery, instruments, and food products. The United States is Denmark’s largest non-European trading partner, accounting for about 7% of total Danish merchandise trade.
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.
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.
What are the top 3 exports of Denmark?
Top 10
- 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%)
What can you not send to Denmark?
Denmark Prohibited and Restricted Items
- All forms of asbestos fibers.
- All products containing the biocide dimethylfumarate (DMF)
- Atlantic red tuna fish (Thunnus Thynnus) originating from Belize, Panama, and Honduras.
- Certain U.S. Beef hormones.
- Chemicals, Haz and Non-Hazardous.
- Cotton.
- Cotton seeds.
- Fire extinguishers.
What are Denmark’s main agricultural products?
More than half of the cultivated land is devoted to cereals, with barley and wheat accounting for a large percentage of the total grain harvest. Sugar beets are another leading crop. Oats, rye, turnips, and potatoes are grown in western Jutland, where the soil is less fertile.
What food products does Denmark export?
- Danish Dairy Industry. Exports of dairy products account for more than 20 percent of all Danish agricultural exports.
- Danish Pig Meat Industry. Denmark is among the world’s largest pig meat exporters.
- Danish Seed Sector. Denmark is a leading producer of grass, clover and horticultural seeds.
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.
What is the main industry of Denmark?
Economy of Denmark
| Statistics | |
|---|---|
| Main industries | wind turbines, pharmaceuticals, medical equipment, shipbuilding and refurbishment, iron, steel, nonferrous metals, chemicals, food processing, machinery and transportation equipment, textiles and clothing, electronics, construction, furniture and other wood products |
What products is Denmark famous for?
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.
Is Denmark richer than USA?
United States has a GDP per capita of $59,800 as of 2017, while in Denmark, the GDP per capita is $50,100 as of 2017.
Is Denmark richer than UK?
Denmark has a GDP per capita of $50,100 as of 2017, while in United Kingdom, the GDP per capita is $44,300 as of 2017.
Is Denmark richer than Sweden?
“Seen internationally, Danes are also very wealthy and we are richer than both the Swedes and the Germans,” he said. Danes’ property assets account for the largest part of their overall net worth. Around 41 percent of the cumulative national wealth is in bricks and mortar.
What do Denmark import and export?
In this economic guide to Denmark we’ll give you an overview of the Danish economy, including the country’s primary imports and exports of goods and services.
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 |
Denmark is far from a socialist planned economy. Denmark is a market economy.”
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.
Can I post chocolate to Denmark?
So items such as cheeses and fruits are out of the question. Additionally, items such as cakes or chocolates are also tough to send as they are likely to melt in a hot weather or shipping depots in Denmark that are not always air conditioned.
What currency does Denmark use?
Danish krone
