Denmark (DNK) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Denmark-Austria Trade: In 2023, Denmark exported $867M to Austria. The main products that Denmark exported to Austria were Packaged Medicaments ($127M), Valves ($27.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($25M). Over the past 5 years the exports of Denmark to Austria have increased at an annualized rate of 1.18%, from $818M in 2018 to $867M in 2023.

In 2020, Denmark exported services to Austria worth $192M, with Transportation ($64.2M), Other business services ($44.4M), and Computer and information services ($36.9M) being the largest in terms of value.

Austria-Denmark Trade: In 2023, Austria exported $1.11B to Denmark. The main products that Austria exported to Denmark were Vaccines, blood, antisera, toxins and cultures ($68.5M), Large Construction Vehicles ($58M), and Tractors ($54.2M). Over the past 5 years the exports of Austria to Denmark have increased at an annualized rate of 3.58%, from $933M in 2018 to $1.11B in 2023.

In 2020, Austria exported services to Denmark worth $410M, with Travel ($152M), Other business services ($92.5M), and Transportation ($83.4M) being the largest in terms of value.

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $867M to Austria. The main products exported from Denmark to Austria were Packaged Medicaments ($127M), Valves ($27.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($25M). During the last 5 years the exports of Denmark to Austria have increased at an annualized rate of 1.18%, from $818M in 2018 to $867M in 2023.

In 2018, Austria exported $1.11B to Denmark. The main products exported from Austria to Denmark were Vaccines, blood, antisera, toxins and cultures ($68.5M), Large Construction Vehicles ($58M), and Tractors ($54.2M). During the last 5 years the exports of Austria to Denmark have increased at an annualized rate of 3.58%, from $933M in 2023 to $1.11B in 2018.

Exports from Denmark () to Austria () (2023)

Exports from Austria () to Denmark () (2023)

Latest Data

Trade between Denmark () and Austria ()

Denmark Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Austria
Top DestinationGermany$51B

This map shows whether countries import more from Denmark or Austria. Each country is colored based on the difference in imports they receive from Denmark and Austria or the difference in the growth in imports.

In 2023, countries that imported more from Denmark than Austria included Sweden ($11.2B), Norway ($4.75B), and Netherlands ($7.89B).

In 2023, countries that imported more from Austria than Denmark included Germany ($51B), Italy ($13.5B), and Switzerland ($10.9B).

Difference in imports from Austria () and Denmark () (2023)

Comparative Advantage Denmark - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Denmark and Austria by product, considering products traded by both, Denmark and Austria.

During 2023, Denmark had a large net trade with Austria in the exports of Machines ($231M), Chemical Products ($214M), and Transportation ($58.2M).

During 2018, Austria had a large net trade with Denmark in the exports of Machines ($309M), Metals ($183M), and Chemical Products ($153M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Austria+$58MPackaged Medicaments

Top Product Potential Austria Denmark+$25.7MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Aut Year

Dnk Year

In 2020, Denmark exported services to Austria worth $192M, with Transportation ($64.2M), Other business services ($44.4M), and Computer and information services ($36.9M) being the largest in terms of value.

In 2020, Austria exported services to Denmark worth $410M, with Travel ($152M), Other business services ($92.5M), and Transportation ($83.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Austria () (2020)

Services Exports from Austria () to Denmark () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Denmark and Austria. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Denmark.

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Austria () (2023)

Exports from Austria () to Denmark () (2023)

Latest Data

Trade between Denmark () and Austria ()

Denmark Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Denmark () (2023)

Comparative Advantage Denmark - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Denmark () to Austria () (2020)

Services Exports from Austria () to Denmark () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Denmark () and Austria () (2023)

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