Denmark-Norway Bilateral Trade Analysis 2023
Complete trade statistics: $17.05B total volume •Denmark deficit: $6.42B
Denmark → Norway
$5.31B
Exports (2023)
Norway → Denmark
$11.73B
Imports (2023)
Trade Balance
$6.42B
Deficit for Denmark
Total Trade
$17.05B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Denmark and Norway. 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-Norway commercial relationship and competitive positioning in global markets.
Denmark → Norway Exports
Export Market Intelligence
🎯 Strategic Export Focus
Denmark's export portfolio to Norway demonstrates strong diversification across multiple sectors, with fats and oils and their fractions: of fish, (excluding liver-oils) representing a key competitive advantage in this bilateral market.
Norway → Denmark Imports
Import Dependency Profile
📦 Import Strategy Analysis
Denmark's import pattern from Norway reveals significant dependencyin petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Denmark demonstrates competitive strength in exportingfats and oils and their fractions: of fish, (excluding liver-oils) to Norway, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $17.05B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Denmark-Norway Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $17.05 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Denmark maintains a deficit of $6.42 billion
- Export Focus: Denmark's primary exports include fats and oils and their fractions: of fish, (excluding liver-oils), flours, meals and pellets: of fish or of crustaceans, molluscs or other aquatic invertebrates, electrical energy
- Import Dependencies: Key imports from Norway include petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99, oils: petroleum oils and oils obtained from bituminous minerals, crude
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global 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 $17.05B 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 fats and oils and their fractions: of fish, (excluding liver-oils).
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 fats and oils and their fractions: of fish, (excluding liver-oils)complements Norway's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $17.05B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $17.05B 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 $17.05 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in fats and oils and their fractions: of fish, (excluding liver-oils) and petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Denmark's trade deficit of $6.42 billion 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 Norway represents a total trade volume of $17.05 billion in 2023. This partnership demonstrates an unfavorable trade balance for Denmark, with imports exceeding exportsby $6.42 billion.
Export Strengths
Denmark's exports to Norway total $5.31 billion, with competitive advantages in fats and oils and their fractions: of fish, (excluding liver-oils), representing $294.45M or5.5% of bilateral exports.
Import Dependencies
Imports from Norway amount to $11.73 billion, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, with Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas comprising56.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Denmark's strategic sourcing from Norway. 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 Norway in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023