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.
Who is Denmark’s largest 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.
Main import partners of Denmark in 2020, by import value (in million DKK)
|Characteristic||Import value in million DKK|
Who does Denmark import from?
The most common import partners for Denmark are Germany ($21B), Sweden ($11.1B), Netherlands ($7.43B), China ($6.97B), and Norway ($4.43B).
Does Denmark have any trade agreements with other countries?
Denmark – Trade AgreementsDenmark – Trade Agreements
Denmark is a full member of the EU and the W.T.O. For a list of trade agreements with the EU and its Member States, as well as concise explanations, please see EU Trade Agreements.
Where does Denmark export to?
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|Denmark Exports By Country||Value||Year|
What is Denmark’s main 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 is Denmark’s top export?
- 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 are Denmark major exports and imports?
Economy of Denmark
|Export goods||wind turbines, pharmaceuticals, machinery and instruments, meat and meat products, dairy products, fish, furniture and design|
|Main export partners||Germany(+) 15.5% Sweden(+) 11.6% United Kingdom(+) 8.2% United States(+) 7.5% Norway(+) 6.0% China(-) 4.4% (2017)|
What goods does Denmark import and export?
Refined petroleum, cars, computers, chemicals, consumer goods, machinery, and equipment are some of the main imported goods. Major import partners include Germany, Sweden, the Netherlands, China, Norway or the United Kingdom.
What do we import from Denmark?
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 Commodity Imports.
|Refined Petroleum||$4.52 billion|
|Crude Petroleum||$2.57 billion|
|Soybean Meal||$688 million|
|Iron Structures||$615 million|
Does Denmark have free trade?
Denmark’s international trade policy fundamentally aims at promoting free trade on a global basis and securing market openings with key trade partners. The Danish economy can be characterised as a small open economy highly dependent on the ability to freely exchange goods, commodities and services with other nations.
Does Denmark have tariffs?
Denmark – Import TariffsDenmark – Import Tariffs
Denmark applies no unilateral trade barriers against the United States. The EU’s common external duty tariffs apply to all products entering from non-EU countries, including the United States. Duties typically vary from 5.0% to 14% on industrial goods.
Is Denmark European country?
Along with Norway and Sweden, Denmark is a part of the northern European region known as Scandinavia. … The country’s capital, Copenhagen (København), is located primarily on Zealand; the second largest city, Århus, is the major urban centre of Jutland.
Why is Denmark so wealthy?
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 is Denmark money called?
The reasons that make Denmark’s economy so successful are a very developed infrastructure, an efficient workforce and an advanced welfare system. Moreover, Denmark is among the world leaders in wireless communications, internet and new media. Denmark has one of Europe’s most efficient distribution systems.