Denmark-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $7.95B total volume •Denmark deficit: $417.72M
Denmark → Italy
$3.77B
Exports (2023)
Italy → Denmark
$4.18B
Imports (2023)
Trade Balance
$417.72M
Deficit for Denmark
Total Trade
$7.95B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Denmark and Italy. Green line shows exports from Denmark, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Denmark-Italy commercial relationship and competitive positioning in global markets.
Denmark → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Denmark's export portfolio to Italy demonstrates strong diversification across multiple sectors, with medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Italy → Denmark Imports
Import Dependency Profile
📦 Import Strategy Analysis
Denmark's import pattern from Italy reveals strategic sourcingin wine: still, in containers holding 2 litres or less, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Denmark demonstrates competitive strength in exportingmedicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $7.95B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Denmark-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $7.95 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Denmark maintains a deficit of $417.72 million
- Export Focus: Denmark's primary exports include medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale, meat: of swine, hams, shoulders and cuts thereof, with bone in, fresh or chilled, electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502
- Import Dependencies: Key imports from Italy include wine: still, in containers holding 2 litres or less, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc, taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $7.95B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Denmark leveraging its comparative advantages in medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Denmark's specialization in medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail salecomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in wine: still, in containers holding 2 litres or less.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $7.95B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $7.95B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $7.95 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale and wine: still, in containers holding 2 litres or less demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Denmark's trade deficit of $417.72 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Denmark and Italy represents a total trade volume of $7.95 billion in 2023. This partnership demonstrates an unfavorable trade balance for Denmark, with imports exceeding exportsby $417.72 million.
Export Strengths
Denmark's exports to Italy total $3.77 billion, with competitive advantages in medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale, representing $300.74M or8.0% of bilateral exports.
Import Dependencies
Imports from Italy amount to $4.18 billion, highlighting economic interdependence in wine: still, in containers holding 2 litres or less, with Wine: still, in containers holding 2 litres or less comprising3.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Denmark's strategic sourcing from Italy. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Denmark and Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023