Türkiye-Denmark Bilateral Trade Analysis 2023
Complete trade statistics: $1.50B total volume •Türkiye surplus: $1.50B
Türkiye → Denmark
$1.50B
Exports (2023)
Denmark → Türkiye
$0
Imports (2023)
Trade Balance
$1.50B
Surplus for Türkiye
Total Trade
$1.50B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Türkiye and Denmark. Green line shows exports from Türkiye, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Türkiye-Denmark commercial relationship and competitive positioning in global markets.
Türkiye → Denmark Exports
Export Market Intelligence
🎯 Strategic Export Focus
Türkiye's export portfolio to Denmark demonstrates strategic specialization, with fishing vessels, factory ships and other vessels: for processing or preserving fishery products representing a key competitive advantage in this bilateral market.
Denmark → Türkiye Imports
Import Dependency Profile
📦 Import Strategy Analysis
Türkiye's import pattern from Denmark reveals significant dependencyin ferrous waste and scrap: n.e.c. in heading no. 7204, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Türkiye demonstrates competitive strength in exportingfishing vessels, factory ships and other vessels: for processing or preserving fishery products to Denmark, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.50B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Türkiye-Denmark Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.50 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Türkiye maintains a surplus of $1.50 billion
- Export Focus: Türkiye's primary exports include fishing vessels, factory ships and other vessels: for processing or preserving fishery products, engines: parts, for engines and motors of heading no. 8412, vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1
- Import Dependencies: Key imports from Denmark include ferrous waste and scrap: n.e.c. in heading no. 7204, enzymes and prepared enzymes: other than rennet and concentrates thereof, cattle: live, pure-bred breeding animals
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional 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 $1.50B 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 Türkiye leveraging its comparative advantages in fishing vessels, factory ships and other vessels: for processing or preserving fishery products.
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
Türkiye's specialization in fishing vessels, factory ships and other vessels: for processing or preserving fishery productscomplements Denmark's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in ferrous waste and scrap: n.e.c. in heading no. 7204.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.50B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.50B 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 $1.50 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fishing vessels, factory ships and other vessels: for processing or preserving fishery products and ferrous waste and scrap: n.e.c. in heading no. 7204 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Türkiye's trade surplus of $1.50 billion strengthens 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 Türkiye and Denmark represents a total trade volume of $1.50 billion in 2023. This partnership demonstrates a favorable trade balance for Türkiye, with exports exceeding importsby $1.50 billion.
Export Strengths
Türkiye's exports to Denmark total $1.50 billion, with competitive advantages in fishing vessels, factory ships and other vessels: for processing or preserving fishery products, representing $115.54M or7.7% of bilateral exports.
Import Dependencies
Imports from Denmark amount to $0.00, highlighting economic interdependence in ferrous waste and scrap: n.e.c. in heading no. 7204, with Ferrous waste and scrap: n.e.c. in heading no. 7204 comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Türkiye's competitive position in this bilateral relationship. 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 Türkiye and Denmark in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023