Denmark, a Nordic country southwest of Sweden, imported a total of 97.6 billion dollars in 2020.
This represents a 15.6 percent increase from 2016 and a 0.4 percent increase from 2019 to 2020.
The Danish krone has appreciated by 2.8 percent against the US dollar since 2016, according to the average exchange rate for 2020, and by 1.9 percent from 2019 to 2020.
When converted from Danish krones, Denmark's imports are relatively less expensive due to the stronger local currency.
From a continental viewpoint, other European nations accounted for 80.7 percent of Denmark's total imports by value in 2020.
14.1 percent of Denmark's imports came from Asian trading partners.
North America (3.5 percent), Latin America (0.9 percent) omitting Mexico but including the Caribbean, Africa (0.5 percent), and Oceania (0.3 percent) were the regions with the smallest percentages, topped by the Marshall Islands and Australia.
With a population of 5.8 million people, Denmark's total imported of 97.6 billion dollars in 2021 which equates to around 16,800 dollars in annual product demand for each individual in the European Union member state.
Keep reading as we extensively talk about Denmark's top import and export
Denmark's Top Imports
The following product groupings account for the majority of Denmark's import purchases in 2020.
The percentage share of each product category in terms of total imports into Denmark is also given.
13.1 billion dollars on machinery, including computers accounting for 13.5 percent of total imports
10.2 billion dollars in electrical machinery and equipment accounting for 10.4 percent
8.2 billion dollars in vehicles account for 8.4 percent
5.4 billion dollars in pharmaceuticals account for 5.5 percent
4.5 billion dollars in mineral fuels, including oil accounts for 4.6 percent
3.9 billion dollars in plastics and plastic goods account for 4 percent
3 billion dollars in optical, technical, and medical equipment account for 3.1 percent
2.9 billion dollars in fish account for 3 percent
2.8 billion dollars in iron and steel articles count accounts for 2.9 percent
2.7 billion dollars on furniture, bedding, lighting, signage, and prefabricated buildings accounts for 2.8 percent
Denmark's top ten imports accounted for less than three-fifths of the total value of its product purchases from other nations which stands at 58.1 percent.
Between 2019 and 2020, the cost of fish increased the most among Denmark's top ten import categories, rising 31.7 percent.
Pharmaceuticals, which grew by 20.5 percent, were another strong performer.
Mineral fuels, including oil, was down by minus 32.4 percent, and cars were the two main categories that saw year-over-year declines down by minus 2.5 percent.
Denmark's Top Exports
Denmark, which is south of fellow Scandinavian nations Sweden and Norway and shares a southern border with Germany, exported 108.3 billion dollars worth of goods around the world in 2020.
This figure represents a 14.3 percent growth from 2016, but a minus 1.6 percent decrease from 2019 to 2020.
The Danish krone has appreciated by 2.8 percent against the US dollar since 2016, according to the average exchange rate for 2020, and by 1.9 percent from 2019 to 2020.
Exports paid for in weaker US dollars are relatively more expensive for overseas customers due to Denmark's stronger local currency.
According to the most recent available country-specific data, importers in Germany had 15.7 percent of the global total, Sweden got 11.5 percent, Norway with 6.9 percent, the United Kingdom got 6.5 percent, the Netherlands with 5.7 percent, the United States with 5.6 percent, China with 4.1 percent, Poland with 3.6 percent, France with 3.5 percent, Italy with 2.5 percent, Finland with 2.1 percent, and Spain purchased over two-thirds which is 69.6 percent of Danish exports.
From a continental standpoint, 75.1 percent of Denmark's exports were supplied to European countries, while 14.3 percent were sold to Asian buyers.
Another 6.7 percent of Denmark's exports went to North America.
Latin America, excluding Mexico but including the Caribbean got 1.32 percent, Africa got 1.28 percent, and Oceania, led by Australia, received smaller percentages of 1.24 percent.
Given Denmark's population of 5.8 million people, the country's total exports of 108.3 billion dollars in 2021 equates to nearly 18,700 dollars per citizen.
In terms of dollar value, the following export product groups will account for the majority of Danish global shipments in 2021.
The percentage share of each export category in terms of total Danish exports is also indicated.
Pharmaceuticals are worth 19.2 billion dollars with the United States having 17.7 percent of total exports
14.4 billion dollars on machinery, including computers at 13.3 percent
8.7 billion dollars in electrical machinery and equipment account for 8 percent
4.2 billion dollars in optical, technical, and medical equipment account for 3.8 percent
4.1 billion dollars in meat account for 3.8 percent
3.5 billion dollars in fish account for 3.3 percent
3.2 billion dollars on furniture, bedding, lighting, signage, and prefabricated buildings account for 2.9 percent
Mineral fuels, which include oil, are worth 3.1 billion dollars which accounts for 2.9 percent
3.1 billion dollars in vehicles valued at 2.9 percent
2.7 billion dollars in plastics and plastic goods valued at2.5 percent
The top ten exports from Denmark accounted for 61.2 percent of the total value of its global shipments.
Fish was the fastest-growing export category among the top ten, increasing by 21.8 percent from 2019 to 2020.
Pharmaceuticals came ranked second for increased export sales, with a 9.9 percent increase.
Denmark's meat shipments grew at the third-fastest rate, increasing by 8.4 percent.
Mineral fuels, including oil, were the biggest loser among Denmark's top 10 export categories, with a minus 36.7 percent reduction year over year.
Denmark's Top Trading Partners
Denmark is a Scandinavian country in northern Europe that is bordered to the south by Europe's main economic power, Germany, and is located south of neighboring Nordic countries Sweden and Norway. In 2020, Denmark exported 108.3 billion dollars worth of goods around the world.
This figure represents a 14.3 percent growth from 2016, but a minus 1.6 percent decrease from 2019 to 2020.
According to a continental perspective, 75.1 percent of Denmark's exports were supplied to European countries, while 14.3 percent were sold to Asian buyers.
Another 6.7 percent of Denmark's exports went to North America.
Latin America, excluding Mexico but including the Caribbean got 1.32 percent, Africa got 1.28 percent, and Oceania, led by Australia, received smaller percentages of 1.24 percent.
Here is a list of 15 of Denmark's most important trading partners, the countries that imported the most Danish shipments in terms of dollar value in 2020.
The percentage of total Danish exports for each import nation is also indicated.
Germany: 16.9 billion dollars account for 15.6 percent of total Danish exports
11.3 billion dollars in Sweden account for 10.5 percent
7.6 billion dollars in the Netherlands account for 7.1 percent
Norway is worth 7.1 billion dollars accounting for 6.6 percent
6.1 billion dollars from the United Kingdom account for 5.7 percent
5.9 billion dollars in the United States account for 5.5 percent
5.3 billion dollars in China account for 4.9 percent
4.5 billion dollars for Poland account for 4.2 percent
4 billion dollars in France account for 3.7 percent
2.6 billion dollars in Italy account for 2.4 percent
Finland is worth 2.3 billion dollars with 2.1 percent
Belgium has a 2.1 billion dollars budget accounting for 1.9 percent
2 billion dollars for Spain accounts for 1.9 percent
1.6 billion dollars in Japan accounts for 1.5 percent
1.1 billion dollars in Switzerland accounts for 1 percent
In 2020, the previously mentioned 15 trading partners will account for nearly three-quarters or 74.4 percent of Danish exports.
China led all top importers with a 20.5 percent increase in purchases from Denmark from 2018 to 2019.
Turkey was the second-fastest-growing importer from Denmark, growing 17.2 percent, followed by the Netherlands with 14.7 percent, Poland with 12.2 percent, and Belgium with 12.2 percent up by 10.3 percent.
The United Kingdom came down by minus 8.8 percent and Germany was the biggest losers year over year down by minus 7 percent.
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