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Trade between Denmark and South Korea

In 2024, Denmark exported $1.2 billion to South Korea and imported $2.4 billion. Denmark ran a deficit of $1.2 billion with South Korea, compared with a surplus of $298 million in 2019. South Korea was Denmark’s 14th largest trading partner (2% of its trade), and Denmark was South Korea’s 42nd (0.3%).

Summary

Denmark → South Korea
$1.2billion
South Korea → Denmark
$2.4billion
Denmark’s balance
-$1.2billion

Balance

Denmark’s trade balance with South Korea

Trade between Denmark and South Korea grew 5.3-fold since 1995

USD billions (current). Denmark’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.2
  • Imports 2.4
  • Balance -1.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$437 million$243 million$194 million
1996$550 million$261 million$288 million
1997$474 million$362 million$112 million
1998$301 million$389 million-$88 million
1999$353 million$340 million$12 million
2000$355 million$525 million-$170 million
2001$349 million$334 million$15 million
2002$448 million$369 million$79 million
2003$425 million$694 million-$269 million
2004$502 million$1.3 billion-$797 million
2005$592 million$767 million-$175 million
2006$609 million$902 million-$293 million
2007$716 million$605 million$111 million
2008$736 million$615 million$121 million
2009$615 million$736 million-$121 million
2010$601 million$819 million-$218 million
2011$730 million$504 million$226 million
2012$784 million$490 million$294 million
2013$978 million$1.1 billion-$82 million
2014$1.1 billion$2 billion-$978 million
2015$1 billion$1.7 billion-$704 million
2016$742 million$390 million$352 million
2017$685 million$1.2 billion-$509 million
2018$807 million$1.2 billion-$353 million
2019$872 million$574 million$298 million
2020$927 million$502 million$425 million
2021$1.1 billion$964 million$97 million
2022$1 billion$649 million$392 million
2023$1.1 billion$912 million$156 million
2024$1.2 billion$2.4 billion-$1.2 billion

What they sell each other

What Denmark sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Medicines in measured doses or retail packs$170 million · 13.9%
    290 tonnes · Denmark’s destinations
  2. Vaccines, blood and antisera$158 million · 12.9%
    34 tonnes · Denmark’s destinations
  3. Cheese$62 million · 5.1%
    15 thousand tonnes · Denmark’s destinations
  4. Valves and taps$48 million · 4%
    615 tonnes
  5. Other food preparations$42 million · 3.4%
    471 tonnes
  6. Mattresses, pillows and quilts$41 million · 3.4%
    1 thousand tonnes
  7. Cranes$36 million · 3%
    2 thousand tonnes
  8. Liquid pumps$36 million · 2.9%
    597 tonnes
  9. Pork$30 million · 2.5%
    11 thousand tonnes · Denmark’s destinations
  10. Other engines and motors$29 million · 2.3%
    1 thousand tonnes

What South Korea sells to Denmark

The top 10 headings in 2024, with their share of the total.

  1. Cargo and cruise ships$1.7 billion · 72.3%
    75 thousand tonnes · South Korea’s destinations
  2. Cars$141 million · 5.9%
    8 thousand tonnes · South Korea’s destinations
  3. Refined petroleum$111 million · 4.6%
    123 thousand tonnes · South Korea’s destinations
  4. Hot-rolled flat steel$62 million · 2.6%
    67 thousand tonnes
  5. Engine parts$35 million · 1.5%
    3 thousand tonnes
  6. Polyethers, polyesters and epoxy resins$33 million · 1.4%
    9 thousand tonnes
  7. Polystyrene$27 million · 1.1%
    8 thousand tonnes
  8. Other iron or steel articles$22 million · 0.93%
    2 thousand tonnes
  9. Makeup and skin care$21 million · 0.87%
    387 tonnes · South Korea’s destinations
  10. Valves and taps$14 million · 0.59%
    288 tonnes

How it travels

Estimated sea route from Aarhus to Busan.

The estimated sea route between Aarhus and Busan is 15,050 nautical miles (27,872 km) long: ≈ 35–45 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (15,050 nautical miles); and 15% via the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (11,531 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2.8 billion · 76.9%
  2. Air$835 million · 23.1%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Denmark’s 14th largest trading partner (2% of its trade), and Denmark was South Korea’s 42nd (0.3%).

South Korea in Denmark’s trade
1.5%
South Korea’s rank among Denmark’s partners
14th
Denmark in South Korea’s trade
0.3%
Denmark’s rank among South Korea’s partners
42nd

Compare with

Other partners of Denmark

Other partners of South Korea

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.