Active political cooperation between two states creates the preconditions for the development of bilateral economic cooperation which has been steadily growing in recent years.
More than 300 Danish companies operate in various spheres of the economy of Ukraine.
In 2016-2021, trade between Ukraine and Denmark increased significantly. Before the start of the full-scale war against Ukraine, Denmark was one of the 50 largest trade partners of Ukraine, 43rd largest partner of Ukraine in trade in goods and 19th in trade in services. According to Danish statistics, for 2022 the volume of bilateral foreign trade turnover amounted to 1.07 billion US dollars.
Key articles of export of Ukrainian goods to Denmark are as follows: textile products, furniture, clothing and accessories, iron and steel, wood products, electrical appliances.
The main articles of import of Danish goods: textile products, medical and pharmaceutical products, meat and offal, crude mineral oil and its products, vehicles, electrical appliances, machinery and equipment for industry, feed.
The total volume of direct investments from Denmark in the economy of Ukraine at the beginning of 2023 amounted to 452 million USD. Assets consist of direct investments of 325 million USD and portfolio investments of 127 million USD.
The main investment capital is invested in agriculture, forestry and fishing, processing industry, wholesale and retail trade and repair, professional, scientific and technical activities.
In April 2022, Denmark assumed a leading role in the reconstruction of Mykolaiv and is actively rebuilding the city's infrastructure. In March 2023, a Memorandum of Understanding was concluded regarding the establishment of a partnership between Mykolaiv, the Mykolaiv region and Denmark. The concept of the partnership between Denmark and Mykolaiv envisages establishing cooperation in such areas as infrastructure, good governance, shipping, transportation, urban planning, businesses development, green transition, youth and culture.