What does Denmark export the most?

Exports The top exports of Denmark are Packaged Medicaments ($13.1B), Electric Generating Sets ($3.03B), Pig Meat ($2.86B), Refined Petroleum ($2.39B), and Blood, antisera, vaccines, toxins and cultures ($1.95B), exporting mostly to Germany ($14.6B), United States ($11.3B), Sweden ($10.3B), United Kingdom ($7.43B), and …

What are the major imports and exports in Denmark?

Top 10

  • Machinery including computers: US$13.1 billion (13.5% of total imports)
  • Electrical machinery, equipment: $10.2 billion (10.4%)
  • Vehicles: $8.2 billion (8.4%)
  • Pharmaceuticals: $5.4 billion (5.5%)
  • Mineral fuels including oil: $4.5 billion (4.6%)
  • Plastics, plastic articles: $3.9 billion (4%)

What is Denmark’s main source of income?

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 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.

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Commodity Amount (Annually)
Refined Petroleum $4.52 billion
Crude Petroleum $2.57 billion
Soybean Meal $688 million
Iron Structures $615 million

Does Denmark export or import more?

In 2019, Denmark exported $204.2 billion and imported $178.5 billion, resulting in a positive trade balance of $25.7 billion. In 2015, Denmark’s largest export sector was Consumer Goods, with 33.32% of total exports.

What is the biggest industry in Denmark?

Biggest Industries In Denmark

  • Agriculture. More than 60 percent of the total area of Denmark is used for agricultural purposes. …
  • Tourism. The tourism industry of Denmark contributes around 125 billion dollars of revenue in the country’s economy. …
  • Energy. …
  • Transportation.

What is Denmark famous for?

Denmark is known for being Hans Christian Andersen’s birthplace, for the Little Mermaid statue, and for being the Happiest Nation worldwide. However, there are much more to know about this small Scandinavian country that most foreigners haven’t found out yet.

Why is Denmark so successful?

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.

Is Denmark a rich nation?

Danish households are the richest in the European Union, according to a data analysis by the country’s central bank. … Overall Danes had net financial wealth of 1.32 million Danish krone, nearly three times the EU average of 450,000 Danish krone.

What are Denmark main agricultural products?

More than half of the cultivated land is devoted to cereals, with barley and wheat accounting for a large percentage of the total grain harvest. Sugar beets are another leading crop. Oats, rye, turnips, and potatoes are grown in western Jutland, where the soil is less fertile.

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Who is Denmark’s biggest trading partner?

The biggest trading partner for exporting goods from Denmark in 2020 was Germany with a total export value of roughly 96 billion Danish kroner. The second most goods were exported to the United States, reaching over 77.6 billion kroner the same year.

What products are made in Denmark?

Denmark is known for its focus on beautiful design, and is famous for jewellery, fashion and kitchenware.

  • LEGO® LEGO is a brand that every kid around the world loves and has been selling billions of bricks worldwide. …
  • ECCO. …
  • Pandora Jewellery. …
  • Royal Copenhagen Porcelain. …
  • Georg Jensen. …
  • Carlsberg.

How strong is Denmark’s economy?

With 5,822,763 inhabitants (1 January 2020), Denmark has the 36th largest national economy in the world measured by nominal gross domestic product (GDP), and the 51st largest in the world measured by purchasing power parity (PPP).

Is there oil in Denmark?

Oil and gas is found in the Danish part of the North Sea and Denmark. Denmark has produced oil and gas since 1972, a production of great importance to the Danish economy, which creates workplaces both onshore and offshore.

Is there poverty in Denmark?

Poverty among some of the most vulnerable members of Danish society has risen. … Poverty in Danish children provides many of the most devastating figures of poverty in Denmark. Child poverty increases by thousands every year. By 2017, there were about 64,500 children living in poverty.