Denmark’s Top 10 Imports 2020

Denmark flag (courtesy of FlagPictures.org)
Danish flag (FlagPictures.org)

A Nordic nation southwest of Sweden, the Kingdom of Denmark’s imports cost a total US$97.6 billion in 2020. That dollar amount reflects a 15.6% gain since 2016 and a 0.4% uptick from 2019 to 2020.

Based on the average exchange rate for 2020, the Danish krone appreciated by 2.8% against the US dollar since 2016 and increased by 1.9% from 2019 to 2020. Denmark’s stronger local money makes Denmark’s imports comparatively less expensive when converted starting from Danish krones.

From a continental perspective, 80.7% of Denmark’s total imports by value in 2020 were purchased from fellow European countries. Asian trade partners supplied 14.1% of imports purchased by Denmark.

Smaller percentages came from North America (3.5%), Latin America (0.9%) excluding Mexico but including the Caribbean, Africa (0.5%) then Oceania (also 0.3%) led by Marshall Islands and Australia.

Given Denmark’s population of 5.8 million people, its total $97.6 billion in 2020 imports translates to approximately $16,800 in yearly product need from every person in the European Union member state.

Top 10

The following product groups represent the highest dollar value in Denmark’s import purchases during 2020. Also shown is the percentage proportion each product category represents in terms of overall imports into Denmark.

  1. Machinery including computers: US$13.1 billion (13.5% of total imports)
  2. Electrical machinery, equipment: $10.2 billion (10.4%)
  3. Vehicles: $8.2 billion (8.4%)
  4. Pharmaceuticals: $5.4 billion (5.5%)
  5. Mineral fuels including oil: $4.5 billion (4.6%)
  6. Plastics, plastic articles: $3.9 billion (4%)
  7. Optical, technical, medical apparatus: $3 billion (3.1%)
  8. Fish: $2.9 billion (3%)
  9. Articles of iron or steel: $2.8 billion (2.9%)
  10. Furniture, bedding, lighting, signs, prefabricated buildings: $2.7 billion (2.8%)

Denmark’s top 10 imports accounted for under three-fifths (58.1%) of the overall value of its product purchases from other countries.

Fish posted the fastest growth in cost among Denmark’s top 10 import categories, up 31.7% from 2019 to 2020. Another top grower were pharmaceuticals via a 20.5% increase.

Two top categories declined year over year, namely mineral fuels including oil (down -32.4%) and vehicles (down -2.5%).

Please observe that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under the nearby virtual folder tabs is at the more granular 4-digit level.

Machines

In 2020, Danish importers spent the most on the following 10 subcategories of machinery including computers.

  1. Computers, optical readers: US$2.8 billion (up 31.6% from 2019)
  2. Taps, valves, similar appliances: $834 million (up 3.8%)
  3. Transmission shafts, gears, clutches: $746.8 million (up 3.9%)
  4. Miscellaneous engines, motors: $636.5 million (up 68%)
  5. Centrifuges, filters and purifiers: $546.9 million (up 7.2%)
  6. Liquid pumps and elevators: $493.2 million (up 8.1%)
  7. Refrigerators, freezers: $492.6 million (up 8%)
  8. Miscellaneous machinery: $449.3 million (down -6.8%)
  9. Printing machinery: $431.6 million (up 4.3%)
  10. Machinery parts: $419.6 million (down -4.2%)

Among these import subcategories, Danish purchases of miscellaneous engines, motors: (up 68%), computers including optical readers (up 31.6%) then liquid pumps and elevators (up 8.1%) grew at the fastest speed from 2019 to 2020.

These amounts and the percentage gains within parenthesis clearly show where the strongest need lies for different types of imported machinery including computers among Danish businesses and consumers.

Electronics

In 2020, Danish importers spent the most on the following 10 subcategories of electrical goods including consumer electronics.

  1. Phone system devices including smartphones: US$2.5 billion (up 8.7% from 2019)
  2. Electrical converters/strength units: $809.9 million (up 10%)
  3. TV receivers/monitors/projectors: $647.4 million (up 18.5%)
  4. Lower-voltage switches, fuses: $492.1 million (down -3.7%)
  5. Microphones/headphones/amps: $491.2 million (up 9.2%)
  6. Insulated wire/cable: $478.6 million (down -3.6%)
  7. Electrical/optical circuit boards, panels: $430.1 million (up 1.6%)
  8. Electric water heaters, hair dryers: $423.2 million (up 14.6%)
  9. Electric motors, generators: $413.6 million (down -9.9%)
  10. Electric motor parts: $385.5 million (down -19.8%)

Among these import subcategories, Danish purchases of TV receivers, monitors and projectors (up 18.5%), electric water heaters and hair dryers (up 14.6%) then electrical converters and strength units (up 10%) grew at the fastest speed from 2019 to 2020.

These amounts and the percentage gains within parenthesis clearly show where the strongest need lies for different types of imported electronics among Danish businesses and consumers.

Vehicles

In 2020, Danish importers spent the most on the following 10 subcategories of vehicles.

  1. Cars: US$4.8 billion (down -2.6% from 2019)
  2. Automobile parts/accessories: $885.8 million (up 0.2%)
  3. Trucks: $798.8 million (down -15.2%)
  4. Trailers: $470.8 million (down -5.8%)
  5. Tractors: $276.6 million (up 12.9%)
  6. Armored vehicles, tanks: $235.3 million (up 103.1%)
  7. Motorcycles: $148.3 million (up 14.3%)
  8. Motorcycle parts/accessories: $134.8 million (down -4%)
  9. Chassis fitted with engine: $134.7 million (down -26.7%)
  10. Bicycles, other non-motorized cycles: $109.7 million (up 1.5%)

Among these import subcategories, Danish purchases of armored vehicles including tanks (up 103.1%), motorcycles (up 14.3%) then tractors (up 12.9%) grew at the fastest speed from 2019 to 2020.

These amounts and the percentage gains within parenthesis clearly show where the strongest need lies for different types of imported vehicles among Danish businesses and consumers.

Pharma

In 2020, Danish importers spent the most on the following subcategories of pharmaceuticals.

  1. Medication mixes in dosage: US$3.8 billion (up 20.3% from 2019)
  2. Blood fractions (including antisera): $1.1 billion (up 19.4%)
  3. Medication mixes not in dosage: $282.9 million (up 83%)
  4. Packaged dressings: $109.1 million (up 1.8%)
  5. Sutures, special pharmaceutical goods: $97.5 million (down -12.3%)
  6. Dried organs, heparin: $23.3 million (down -37.4%)

Among these import subcategories, Danish purchases of medication mixes not in dosage (up 83%), medication mixes in dosage (up 20.3%) then blood fractions including antisera (up 19.4%) grew at the fastest speed from 2019 to 2020.

These amounts and the percentage gains within parenthesis clearly show where the strongest need lies for different types of imported mineral fuels-related goods among Danish businesses and consumers.

 

See also Denmark’s Top Trading Partners, Denmark’s Top 10 Exports and Top EU Import Countries

Research supplies:
Central Intelligence Agency, The World Factbook Country Profiles. Accessed on March 31, 2021

International Monetary Fund, Exchange Rates chosen indicators (National money per U.S. dollar, period average). Accessed on March 31, 2021

Trade Map, International Trade Centre. Accessed on March 31, 2021

Investopedia, Net Exports Definition. Accessed on March 31, 2021

Wikipedia, Denmark. Accessed on March 31, 2021

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