Denmark

Denmark ranked No. 34 in total trade value through June with a total of $7.73 billion. Exports totaled $1.66 billion and Imports totaled $6.07 billion, a deficit of $4.41 billion.

U.S. trade with Denmark rose to $7.73 billion through June

Denmark’s trade with the United States rose to $7.73 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 24.03 percent above its total trade during the same time period last year. U.S. exports to Denmark increased 19.19 percent while U.S. imports from Denmark rose 25.41 percent. The U.S. deficit with Denmark was $4.41 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Huron Blue Water Bridge, Mich.; No. 2 Chicago O’Hare International Airport; No. 3 Port of Houston; No. 4 Port of Newark; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Chicago O’Hare International Airport; No. 2 Detroit Ambassador Bridge, Mich.; No. 3 Port of Newark; No. 4 Port of Houston and No. 5 Port of Virginia. In the current time period, the top five accounted for 70.61 percent of Denmark’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Huron Blue Water Bridge, Mich. rose 5858.95 percent to $2.28 billion.
    Exports fell 31.99 percent to $18.71 million. Imports rose 20852 percent to $2.26 billion.
  • Trade with No. 2 Chicago O’Hare International Airport fell 22.46 percent to $1.57 billion.
    Exports rose 44.33 percent to $117.05 million. Imports fell 25.25 percent to $1.45 billion.
  • Trade with No. 3 Port of Houston rose 81.86 percent to $669.06 million.
    Exports rose 127.46 percent to $367.47 million. Imports rose 46.15 percent to $301.59 million.
  • Trade with No. 4 Port of Newark rose 23.64 percent to $558.59 million.
    Exports fell 8.48 percent to $95.17 million. Imports rose 33.24 percent to $463.42 million.
  • Trade with No. 5 Port of Virginia rose 7.36 percent to $380.09 million.
    Exports rose 21.86 percent to $110.79 million. Imports rose 2.35 percent to $269.3 million.

Denmark ranked No. 34 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 38.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Denmark by value through June were the categories of Oil; Plasma, vaccines, blood; Low value shipments; Medicines not in individual dosages; and Misc. raw furskins, respectively. They accounted for 40.76 percent of total exports to Denmark.

The value of the top five categories of U.S. imports from Denmark –– Medicines in individual dosages; Misc. engines and motors, parts; Plasma, vaccines, blood; Enzymes; and Returned exports, without change –– accounted for 64.75 percent of all inbound shipments.

Looking more closely at U.S. exports to Denmark:

  • Oil rose 100.5 percent compared to last year to $433.87 million.
  • Plasma, vaccines, blood rose 15.83 percent compared to last year to $66.48 million.
  • Low value shipments rose 20.94 percent compared to last year to $65.14 million.
  • Medicines not in individual dosages rose 2.7 percent compared to last year to $58.62 million.
  • Misc. raw furskins rose 293.1 percent compared to last year to $52.34 million.

Looking more closely at U.S. imports from Denmark:

  • Medicines in individual dosages rose 38.75 percent compared to last year to $3.32 billion.
  • Misc. engines and motors, parts rose 94.99 percent compared to last year to $221.17 million.
  • Plasma, vaccines, blood fell 36.04 percent compared to last year to $145.67 million.
  • Enzymes rose 48.31 percent compared to last year to $134.72 million.
  • Returned exports, without change rose 112.28 percent compared to last year to $112.57 million.

In the latest annual figures available, Denmark recorded $14.19 billion in trade with the United States. Total U.S. exports to Denmark were $ 3.16 billion and imports from Denmark were $11.03 billion. The U.S. deficit with Denmark was $7.87 billion.