Estonia (EST) and Denmark (DNK) Trade | The Observatory of Economic Complexity

About

Estonia-Denmark In 2022, Estonia exported $679M to Denmark. The main products that Estonia exported to Denmark are Fuel Wood ($167M), Refined Petroleum ($70.5M), and Wood Carpentry ($57.9M). During the last 27 years the exports of Estonia to Denmark have increased at an annualized rate of 8.14%, from $82M in 1995 to $679M in 2022.

In 2020, Estonia exported services to Denmark worth $101M, with Transportation ($49.9M), Other business services ($25.7M), and Computer and information services ($13.9M) being the largest in terms of value.

Denmark-Estonia In 2022, Denmark exported $368M to Estonia. The main products that Denmark exported to Estonia were Hot-Rolled Iron ($12.5M), Other Edible Preparations ($9.19M), and Industrial Fatty Acids, Oils and Alcohols ($8.45M). During the last 27 years the exports of Denmark to Estonia have increased at an annualized rate of 5.74%, from $81.7M in 1995 to $368M in 2022.

In 2020, Denmark exported services to Estonia worth $98.9M, with Transportation ($49.5M), Computer and information services ($13.5M), and Other business services ($12.9M) being the largest in terms of value.

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $679M to Denmark. The main products exported from Estonia to Denmark were Fuel Wood ($167M), Refined Petroleum ($70.5M), and Wood Carpentry ($57.9M). During the last 27 years the exports of Estonia to Denmark have increased at an annualized rate of 8.14%, from $82M in 1995 to $679M in 2022.

In 2022, Denmark exported $368M to Estonia. The main products exported from Denmark to Estonia were Hot-Rolled Iron ($12.5M), Other Edible Preparations ($9.19M), and Industrial Fatty Acids, Oils and Alcohols ($8.45M). During the last 27 years the exports of Denmark to Estonia have increased at an annualized rate of 5.74%, from $81.7M in 1995 to $368M in 2022.

Exports from Estonia () to Denmark () (2022)

Exports from Denmark () to Estonia () (2022)

Latest Data

Trade between Estonia () and Denmark ()

Estonia Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Denmark
Top DestinationGermany$18.9B

This map shows whether countries import more from Estonia or Denmark. Each country is colored based on the difference in imports they receive from Estonia and Denmark or the difference in the growth in imports.

In 2021, countries that imported more from Estonia than Denmark were Latvia ($2.77B), Russia ($1.38B), and Lithuania ($1.51B).

In 2021, countries that imported more from Denmark than Estonia were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark () and Estonia () (2022)

Comparative Advantage Estonia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Estonia and Denmark by product, considering products traded by both, Estonia and Denmark.

During 2022, Estonia had a large net trade with Denmark in the exports of Wood Products ($265M), Mineral Products ($103M), and Machines ($69.3M).

During 2022, Denmark had a large net trade with Estonia in the exports of Machines ($75.4M), Foodstuffs ($52.6M), and Metals ($46.9M).

Service Trade

Bilateral Service Trade

Dnk Year

Est Year

In 2020, Estonia exported services to Denmark worth $101M, with Transportation ($49.9M), Other business services ($25.7M), and Computer and information services ($13.9M) being the largest in terms of value.

In 2020, Denmark exported services to Estonia worth $98.9M, with Transportation ($49.5M), Computer and information services ($13.5M), and Other business services ($12.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Denmark () (2020)

Services Exports from Denmark () to Estonia () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Estonia has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Estonia.

About

Historical Data

Bilateral Trade by Products

Exports from Estonia () to Denmark () (2022)

Exports from Denmark () to Estonia () (2022)

Latest Data

Trade between Estonia () and Denmark ()

Estonia Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Estonia () (2022)

Comparative Advantage Estonia - Denmark

Service Trade

Bilateral Service Trade

Services Exports from Estonia () to Denmark () (2020)

Services Exports from Denmark () to Estonia () (2020)

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Denmark () (2022)

Keep Exploring