The Treasurer’s Guide to Trade Finance

Denmark

Principal exports

Machinery and instruments, meat and meat

products, dairy products, fish, pharmaceuticals,

furniture, and wind turbines.

Import/Export documentation

Within the EU no documentation

requirements, but a commercial invoice is

typically included.

Outside the EU: commercial invoice, customs

declaration, bill of lading, packing list and,

sometimes, a certificate of origin.

Licences

Imports

ƒ Most iron and steel imports from outside the

EU, and certain agricultural goods.

ƒ Import licences with quotas: certain

agricultural goods; textiles imports from

Belarus, Uzbekistan and North Korea.

Exports

ƒ Goods/items that are subject to international

controls.

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are

set according to the EU’s common customs

code, with higher rates for agricultural

imports.

Exports

ƒ None.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions, such as items deemed a threat

to fauna and flora and national security.

ƒ Exports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions.

Denmark imports exports

Trade information

Key trading partners

Imports by origin

EU 70.6%

China 6.9%

Norway 4.5%

USA 2.7%

Russian

Federation 1.9%

Other 13.4%

Source: WTO, September 2012

Exports by destination

EU 59.4%

Norway 6.2%

USA 5.1%

China 2.2%

Russian

Fderation 1.9%

Other 25.3%