Portugal (PRT) and Denmark (DNK) Trade | The Observatory of Economic Complexity

About

Portugal-Denmark In 2022, Portugal exported $658M to Denmark. The main products that Portugal exported to Denmark are Hormones ($154M), Leather Footwear ($91.5M), and Cars ($36.1M). During the last 27 years the exports of Portugal to Denmark have increased at an annualized rate of 0.89%, from $518M in 1995 to $658M in 2022.

In 2020, Portugal exported services to Denmark worth $43.4M, with Travel ($43.4M) being the largest in terms of value.

Denmark-Portugal In 2022, Denmark exported $521M to Portugal. The main products that Denmark exported to Portugal were Unpackaged Medicaments ($73.8M), Packaged Medicaments ($43.9M), and Non-fillet Fresh Fish ($31.4M). During the last 27 years the exports of Denmark to Portugal have increased at an annualized rate of 1.38%, from $360M in 1995 to $521M in 2022.

In 2020, Denmark exported services to Portugal worth $192M, with Transportation ($116M), Other business services ($23.4M), and Communications services ($11M) being the largest in terms of value.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €38.4M and imported €38.6M from Denmark, resulting in a negative trade balance of €260k. Between January 2023 and January 2024 the exports of Portugal have decreased by €-10.1M (-20.9%) from €48.5M to €38.4M, while imports increased by €5.13M (15.3%) from €33.5M to €38.6M.

Trade In January 2024, the top exports of Portugal to Denmark were Organic chemicals (€11.4M), Footwear (€7.97M), Knitted clothing accesories (€5.3M), Wood, wood articles, & charcoal (€2.57M), and Non-knitted clothing accesories (€2.56M). In January 2024 the top imports of Portugal from Denmark were Pharmaceutical products (€7.07M), Fish, crustaceans, & molluscs (€5.7M), Iron & steel (€4.98M), Machinery, mechanical appliances, & parts (€2.42M), and Electrical machinery and electronics (€1.62M).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Organic chemicals (€-2.65M or -18.8%), Cars, tractors, trucks & parts thereof. (€-2.2M or -53.6%), and Cotton (€-291k or -63%). In January 2024, the increase in Portugal's year-by-year imports from Denmark was explained primarily by an increase in product imports in Pharmaceutical products (€4.51M or 176%), Iron & steel (€3.3M or 196%), and Fish, crustaceans, & molluscs (€854k or 17.6%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-10.1M(-20.9%)

IMPORT GROWTH (January 2023 - January 2024)€5.13M(15.3%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $658M to Denmark. The main products exported from Portugal to Denmark were Hormones ($154M), Leather Footwear ($91.5M), and Cars ($36.1M). During the last 27 years the exports of Portugal to Denmark have increased at an annualized rate of 0.89%, from $518M in 1995 to $658M in 2022.

In 2022, Denmark exported $521M to Portugal. The main products exported from Denmark to Portugal were Unpackaged Medicaments ($73.8M), Packaged Medicaments ($43.9M), and Non-fillet Fresh Fish ($31.4M). During the last 27 years the exports of Denmark to Portugal have increased at an annualized rate of 1.38%, from $360M in 1995 to $521M in 2022.

Exports from Portugal () to Denmark () (2022)

Exports from Denmark () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Denmark
Top DestinationGermany$18.9B

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

In 2021, countries that imported more from Portugal than Denmark were Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

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

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

Comparative Advantage Portugal - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Denmark in the exports of Chemical Products ($175M), Textiles ($121M), and Footwear and Headwear ($102M).

During 2022, Denmark had a large net trade with Portugal in the exports of Chemical Products ($151M), Machines ($111M), and Animal Products ($93.8M).

Service Trade

Bilateral Service Trade

Dnk Year

Prt Year

In 2020, Portugal exported services to Denmark worth $43.4M, with Travel ($43.4M) being the largest in terms of value.

In 2020, Denmark exported services to Portugal worth $192M, with Transportation ($116M), Other business services ($23.4M), and Communications services ($11M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Denmark () to Portugal () (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 Portugal has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Portugal.

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Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Denmark () (2022)

Exports from Denmark () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Denmark

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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