Denmark's economy is quite globalized and relies heavily on commerce with other nations, even if it is not very big.

According to Europe Import Data, the continent's export power is based on advanced pharmaceuticals, industrial equipment, green technology, and high-quality food. Trade is a big part of Denmark's economy. In 2024, the country exported more than USD 134 billion worth of goods.

This blog looks at Denmark's top exports, top trade partners, sectoral strengths, threats, and opportunities.

Denmark's Export Profile

Denmark's exports are mostly made up of a few high-value firms. As per Import Globals' research on Denmark Export Data, medicines are Denmark's top exported items. After that come equipment, electronics, refined petroleum, and farm products.Together, these five industries send more than half of Denmark's goods abroad.

Drugs

Pharmaceuticals are Denmark's most important export. The country has built a strong ecosystem for pharmaceuticals, biologics, and vaccines. It is also home to some of the best biotech and life sciences specialists in the world. According to Import Globals' Denmark Import Export Trade Data, this industry alone exported almost USD 21 billion in 2024, which was more than 16% of all exports. This business not only helps Denmark's economy, but it also makes the country a key source of healthcare across the world.

Tools and Machines for Industry

Machinery is Denmark's second biggest export group. This group includes turbines, industrial machines, and precision tools. As per Denmark Custom Data, Denmark has long been a leader in green technology, notably wind turbines, which are in high demand across the world. As countries build up their renewable energy infrastructure, Denmark is still a leader in this area. This business adds over $17 billion to exports every year.

Devices that use Electricity and Electronics

According to Denmark's Import Trade Analysis, electronics and electrical equipment are another important industry that sells about USD 13 billion worth of goods. These are industrial tools, measuring instruments, and specialized electrical parts used in renewable energy and health care.

Refined Oil

According to Import Globals' Denmark Export Data, refined petroleum is still a large export even though Denmark is famed for its green energy. Even if long-term trends show that Denmark is moving toward renewable energy, oil products still make up a large part of the country's economy, worth more than $8 billion in 2024.

Food Items

Denmark has a long history of farming and growing food. Meat, dairy products, and seafood (particularly fish) are some of the most important things the country sells to other countries. This sector brought in about $6–8 billion in 2024, keeping Denmark's reputation across the world for high-quality food.

Denmark's Most Important Export Partners

Denmark Import Data says that about three-quarters of Denmark's exports go to its European neighbors, who are the main trade partners for the country. Denmark's greatest non-European partner is the United States. Germany, Sweden, and the Netherlands are its top EU export destination countries.

Germany

Europe Import Trade Statistics from Import Globals says that Germany gets between $15 billion and $19 billion worth of things from Denmark every year. That is where most of Germany's food, tools, and medicines come from. Germany's status as Europe's industrial powerhouse is good for Denmark since it means that Danish enterprises always have customers.

The United States

Denmark's biggest non-European export market is the United States, which imports goods valued between USD 11 and USD 12 billion. As per USA Import Data, Denmark's main exports to the US are drugs, although green technology and machinery are growing more and more popular.

Sweden

Import Globals' Sweden Import Export Trade Analysis shows that Sweden is Denmark's third-largest export destination, with trade worth roughly USD 11 billion. The two Scandinavian countries still have strong economic connections. They trade consumer products, oil, and machinery across their borders.

The Netherlands

The Netherlands has proved to be a key European logistics hub. It invests more than $8 billion in Danish exports. Denmark's goods go to and from the Netherlands, and they also go back to Denmark.

Norway

The Norway Export Import Global Trade Data says it is a major trade partner in the Nordic area. It exports between $7 and $8 billion worth of goods every year. Denmark sends food, tools, and medications to Norway. Robust cultural and geographic ties help keep this robust business relationship going.

Trade routes and the things that support them

Denmark is in a good spot to get to European markets. There are roads and railways that connect Denmark to Germany and Sweden. Ports in Copenhagen, Aarhus, and Esbjerg manage global trade. Air freight is used to export pharmaceuticals and other expensive items. According to Denmark Import Export Global Data, Rotterdam and Hamburg are two of the main trade hubs. From these two places, Danish goods are re-exported to other nations.

Obstacles and Problems

Concentration Risk: A lot of Denmark's exports are pharmaceuticals. It is a profitable sector for its economy.

Energy Costs: The rising costs of energy and other inputs throughout the world might impact Danish businesses, especially those that export industrial goods and equipment.

Geopolitical Disruptions: Denmark's economy is extremely globalized; thus, things like trade wars, supply chain issues, or sanctions might have an influence on it.

Opportunities to Grow: Denmark is already the best in the world at building wind turbines and other renewable energy technologies. The globe is shifting toward becoming more sustainable, which opens up new export opportunities.

Pharmaceutical Growth: The life-science industry may develop even faster if it makes more goods and invests in new biotech technology.

Emerging Markets: If Denmark sells more items to Asia, Africa, and Latin America, it might not depend as much on European markets.

Finally,

Denmark's economy depends on exports, which include food, electronics, pharmaceuticals, equipment, and oil. Norway, Sweden, the Netherlands, Germany, and the United States are its main destinations.

Denmark's exports, which were worth almost USD 134 billion in 2024, showed how strong its industries are and how well connected it is to global supply networks. Denmark's leadership in green technology and pharmaceuticals is expected to continue to be its biggest advantage in the future, even if it will be important to diversify its markets and commodities to lower risks. Import Globals is a leading data provider of Denmark Import Export Trade Data. Do you want in-depth information on global trade? Import Globals gives the best insights into global trade. Register today!

FAQs

Que. What is Denmark's biggest export?
Ans. Denmark's biggest export is pharmaceuticals, which are worth more than USD 21 billion and make up around 16% of all exports.

Que. Who are Denmark's most important trade partners?
Ans. Denmark's biggest trading partners are Germany, the United States, Sweden, the Netherlands, and Norway.

Que. What percentage of Denmark's exports go to the EU?
Ans. Most of Denmark's exports, about 70–75%, go to EU members.

Que. Which industries have the most room to develop in the future?
Ans. Exports of green technology, medicines, and biotechnology are likely to expand the most since people all over the world want sustainable healthcare solutions.

Que. Where can you find comprehensive Denmark Export Data?
Ans. For additional information on up-to-date statistics, go to www.importglobals.com or send an email to info@importglobals.com.