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2022
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Exports $742MRnk 30 / 210
2022
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Top Product $85.7MScented Mixtures
2022
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Exports $926MRnk 24 / 218
2022
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Top Product $117MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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GDP$529BCURRENT US$
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2012-2022
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GDP GROWTH135%CURRENT US$
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2022
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 GDP$395BCURRENT US$
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2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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GDP PC $104,039CURRENT US$
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2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$66,983CURRENT US$
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2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Ireland-Denmark In 2022, Ireland exported $742M to Denmark. The main products that Ireland exported to Denmark are Scented Mixtures ($85.7M), Packaged Medicaments ($69.4M), and Office Machine Parts ($52.4M). During the last 27 years the exports of Ireland to Denmark have increased at an annualized rate of 1.89%, from $448M in 1995 to $742M in 2022.

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

Denmark-Ireland In 2022, Denmark exported $926M to Ireland. The main products that Denmark exported to Ireland were Packaged Medicaments ($117M), Vitamins ($35.8M), and Animal Food ($33.6M). During the last 27 years the exports of Denmark to Ireland have increased at an annualized rate of 4.67%, from $270M in 1995 to $926M in 2022.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Comparison In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

February, 2024

About

Overview In February 2024, Ireland exported €43.4M and imported €82.5M from Denmark, resulting in a negative trade balance of €39.1M. Between February 2023 and February 2024 the exports of Ireland have decreased by €-138k (-0.32%) from €43.5M to €43.4M, while imports increased by €25M (43.5%) from €57.5M to €82.5M.

Trade In February 2024, the top exports of Ireland to Denmark were Medicinal and pharmaceutical products (€8.74M), Meat and meat preparations (€7.32M), Essential oils, perfume materials, toilet preparations... (€6.9M), Inorganic chemicals (€4.61M), and Chemical materials and products, n.e.s. (€4.13M). In February 2024 the top imports of Ireland from Denmark were Medicinal and pharmaceutical products (€36M), Unclassified estimates (€4.32M), General industrial machinery and parts, n.e.s. (€3.63M), Dairy products and birds eggs (€2.78M), and Machinery specialised for particular industries (€2.41M).

Growth In February 2024, the decrease in Ireland's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Electrical machinery, appliances etc., n.e.s. (€-3.59M or -72.5%), General industrial machinery and parts, n.e.s. (€-1.11M or -65.3%), and Prefab buildings; plumbing and electrical fixtures... (€-369k or -90.9%). In February 2024, the increase in Ireland's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Medicinal and pharmaceutical products (€22M or 156%), Unclassified estimates (€2.84M or 191%), and Fish, crustaceans, molluscs and preparations thereof (€1.76M or 307%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)€-138k(-0.32%)
IMPORT GROWTH (February 2023 - February 2024)€25M(43.5%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Denmark and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $742M to Denmark. The main products exported from Ireland to Denmark were Scented Mixtures ($85.7M), Packaged Medicaments ($69.4M), and Office Machine Parts ($52.4M). During the last 27 years the exports of Ireland to Denmark have increased at an annualized rate of 1.89%, from $448M in 1995 to $742M in 2022.

In 2022, Denmark exported $926M to Ireland. The main products exported from Denmark to Ireland were Packaged Medicaments ($117M), Vitamins ($35.8M), and Animal Food ($33.6M). During the last 27 years the exports of Denmark to Ireland have increased at an annualized rate of 4.67%, from $270M in 1995 to $926M in 2022.

Exports from Ireland (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Denmark
Top DestinationGermany$18.9B

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

In 2021, countries that imported more from Ireland than Denmark were United States ($70.7B), Belgium ($17B), and United Kingdom ($19B).

In 2021, countries that imported more from Denmark than Ireland were Sweden ($11.6B), Norway ($6.53B), and Poland ($4.78B).

Difference in imports from Denmark (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Denmark

Flow
Scale

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

During 2022, Ireland had a large net trade with Denmark in the exports of Chemical Products ($228M), Machines ($224M), and Animal Products ($88.8M).

During 2022, Denmark had a large net trade with Ireland in the exports of Chemical Products ($227M), Machines ($193M), and Foodstuffs ($81.6M).

Service Trade

Bilateral Service Trade

In 2020, Ireland exported services to Denmark worth $404M, with Other business services ($176M), Insurance services ($86.8M), and Transportation ($53.7M) being the largest in terms of value.

In 2020, Denmark exported services to Ireland worth $1.73B, with Computer and information services ($805M), Other business services ($454M), and Transportation ($186M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Denmark (Flag) (2020)

Services Exports from Denmark (Flag) to Ireland (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Ireland has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Ireland.

Product Space of Ireland (Flag) and Denmark (Flag) (2022)

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