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Denmark’s Top Trading Partners

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A Scandinavian country in northern Europe, Denmark is located south of fellow Nordic nations Sweden and Norway and is bordered to its south by Europe’s largest economic power Germany.

Denmark exported US$148.1 billion worth of products around the world in 2025.

That dollar amount results from a 19.2% increase from $124.3 billion during 2021.

From 2024 to 2025, the overall value of Danish exports accelerated by 10.8% compared to $133.7 billion in 2024.

Denmark’s top 5 trading partners Germany, Sweden, Netherlands, United States of America and Norway. Combined, that cohort of major consumers for Denmark’s exports bought a relatively concentrated 42.4% of overall Danish exports during 2025.

Applying a continental lens, over three-quarters (77.5%) of Denmark’s exports by value was delivered to fellow European countries while 11.4% was sold to importers in Asia.

Denmark shipped another 7.4% worth of goods to buyers in North America.

Smaller percentages went to customers in Latin America (1.4%) excluding Mexico but including the Caribbean, Oceania (1.2%) led by Australia, Marshall Islands and New Zealand, then Africa (1.1%).

Denmark is also a member of the European Union. EU members bought 77.5% of Danish exports sold in 2025, up from 70.2% for 2024.

Below is a list showcasing 25 of Denmark’s top trading partners, countries that imported the most Danish shipments by dollar value during 2025. Also shown is each import country’s percentage of total Danish exports.

Germany: US$22.4 billion (15.1% of Denmark’s total exports)
Sweden: $13.4 billion (9%)
Netherlands: $9.5 billion (6.4%)
United States: $9.2 billion (6.2%)
Norway: $8.4 billion (5.7%)
Poland: $7.5 billion (5.1%)
United Kingdom: $6.5 billion (4.4%)
France: $5.3 billion (3.6%)
mainland China: $3.9 billion (2.6%)
Italy: $3.6 billion (2.5%)
Spain: $2.96 billion (2%)
Finland: $2.95 billion (2%)
Belgium: $2.94 billion (2%)
Singapore: $1.46 billion (1%)
Japan: $1.46 billion (1%)
Ireland: $1.42 billion (1%)
Faroe Islands: $1.41 billion (1%)
Türkiye: $1.39 billion (0.9%)
Switzerland: $1.37 billion (0.9%)
Australia: $1.21 billion (0.8%)
Czech Republic: $1.17 billion (0.8%)
South Korea: $1.14 billion (0.8%)
Austria: $1 billion (0.7%)
Taiwan: $934.8 million (0.6%)
Iceland: $901.1 million (0.6%)

Over three-quarters (76.6%) of Danish exports in 2025 was delivered to the above 25 trade partners.

The greatest increases in purchases of goods exported from Denmark were recorded by buyers in Singapore (up 121.6% from 2024), Ireland (up 88.1%), Poland (up 42.1%), Faroe Islands (up 40.1%) then Italy (up 37.8%).

Posting the most modest gain were importers of Danish exports in Japan (up 0.2% from 2024).

Countries Causing Denmark’s Worst Trade Deficits

As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.

It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.

Denmark incurred the highest trade deficits with the following countries.

Germany: -US$7.1 billion (country-specific trade deficit in 2025.)
mainland China: -$6.4 billion
Sweden: -$4 billion
Netherlands: -$3.9 billion
Czech Republic: -$2.3 billion
Belgium: -$1.89 billion
South Korea: -$1.89 billion
Italy: -$1.86 billion
Bangladesh: -$1.1 billion
Lithuania: -$475.4 million

Among Denmark’s trading partners that cause the greatest negative trade balances, Danish deficits with the Czech Republic (up 74%), South Korea (up 27.9%) and Lithuania (up 24.4%) grew at the fastest pace from 2024 to 2025.

These cashflow deficiencies clearly indicate Denmark’s competitive disadvantages with the above countries, but also represent key opportunities for Denmark to develop country-specific strategies to strengthen its overall position in international trade.

Countries Generating Denmark’s Biggest Trade Surpluses

Denmark earned a total US$12.6 billion trade surplus in 2025, expanding by 20% from the $10.5 billion in black ink one year earlier for 2024.

Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.

Denmark incurred the highest trade surpluses with the following countries.

United Kingdom: US$2.6 billion (country-specific trade surplus in 2025.)
United States: $2.4 billion
Norway: $1.4 billion
Singapore: $1.16 billion
Finland: $1.15 billion
Faroe Islands: $1 billion
Australia: $974.4 million
Iceland: $856.6 million
Japan: $681 million
Saudi Arabia: $657.9 million

Among Denmark’s trading partners that generate the greatest positive trade balances, Danish surpluses with the United States of America (up 632.6%), Singapore (up 104%) and Faroe Islands (up 31.1%) grew at the fastest pace from 2024 to 2025.

These positive cashflow streams clearly indicate Denmark’s competitive advantages with the above countries, but also represent key opportunities for Denmark to develop country-specific strategies to optimize its overall position in international trade.