Trade Policy and Regulations in Denmark
Foreign Trade in Figures
Historically a nation of traders, Denmark's economy is extremely open to the outside. Trade represents more than 100 of the GDP.
The trade balance is structurally positive, a tendency which was only strengthened by the combined effects of a decrease in imports linked to a lower domestic demand and the recovery of internation trade.
Denmark's main trade partners are Germany, Sweden, the Netherlands, UK, USA and China.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||85,507||98,027||109,981||82,650||84,432|
|Exports of Goods (million USD)||92,558||103,011||116,567||93,916||97,211|
|Imports of Services (million USD)||44,235||52,893||61,398||49,594||48,988|
|Exports of Services (million USD)||51,515||60,662||71,561||54,170||57,815|
|Imports of Goods and Services (Annual % Change)||13||4||3||-12||-|
|Exports of Goods and Services (Annual % Change)||9||4||-||-||-|
|Trade Balance (million USD)||3,048||391||919||8,103||-|
|Current Account (million USD)||8,218||4,769||9,095||11,222||-|
|Foreign Trade (in % of GDP)||101||102||107||92||-|
|Imports of Goods and Services (in % of GDP)||49||50||52||44||-|
|Exports of Goods and Services (in % of GDP)||52||52||55||48||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||52.0%|
(% of Imports)
|Other partnersClose extended list||46.8%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Denmark is a member of EU Customs Union. It is also a member of ASEM and since it is an EU country, Denmark has multilateral and bilateral agreements with many countries.
- Assessment of Commercial Policy
The WTO pages devoted to Denmark
European Union barriers
Sanitary and phytosanitary barriers
- Average Customs Duty (Excluding Agricultural Products)
Operations carried out within the EEA are free of duty.
The Common Customs Tariff of the European Union applies to goods originating outside Europe. Generally the duty is relatively low, especially for industrial products (4.2% on average).
- Useful Resources
- National Organization of Intellectual Property
- The Committee of Normalization and Metrology is the body working out the laws of standardization and approval in Denmark. Consult also the Copyright Division. The purpose is to harmonize these standards with the European ones. The standard ISO 9000 is a factor of competitiveness, although it is optional.
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