Denmark (DNK) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Denmark-Sweden Trade: In 2023, Denmark exported $11.2B to Sweden. The main products that Denmark exported to Sweden were Refined Petroleum ($1.09B), Packaged Medicaments ($865M), and Cheese ($271M). Over the past 5 years the exports of Denmark to Sweden have increased at an annualized rate of 0.65%, from $10.8B in 2018 to $11.2B in 2023.

In 2020, Denmark exported services to Sweden worth $5.27B, with Transportation ($1.91B), Other business services ($1.3B), and Computer and information services ($764M) being the largest in terms of value.

Sweden-Denmark Trade: In 2023, Sweden exported $14.4B to Denmark. The main products that Sweden exported to Denmark were Broadcasting Equipment ($1.08B), Refined Petroleum ($925M), and Cars ($908M). Over the past 5 years the exports of Sweden to Denmark have increased at an annualized rate of 3.78%, from $11.9B in 2018 to $14.4B in 2023.

In 2020, Sweden exported services to Denmark worth $4.04B, with Other business services ($1.12B), Transportation ($725M), and Computer and information services ($571M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $11.2B to Sweden. The main products exported from Denmark to Sweden were Refined Petroleum ($1.09B), Packaged Medicaments ($865M), and Cheese ($271M). During the last 5 years the exports of Denmark to Sweden have increased at an annualized rate of 0.65%, from $10.8B in 2018 to $11.2B in 2023.

In 2018, Sweden exported $14.4B to Denmark. The main products exported from Sweden to Denmark were Broadcasting Equipment ($1.08B), Refined Petroleum ($925M), and Cars ($908M). During the last 5 years the exports of Sweden to Denmark have increased at an annualized rate of 3.78%, from $11.9B in 2023 to $14.4B in 2018.

Exports from Denmark () to Sweden () (2023)

Exports from Sweden () to Denmark () (2023)

Latest Data

Trade between Denmark () and Sweden ()

Denmark Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Denmark than Sweden included Greenland ($647M), Marshall Islands ($263M), and Iceland ($630M).

In 2023, countries that imported more from Sweden than Denmark included Finland ($9.41B), Norway ($10.9B), and United States ($18.1B).

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

Comparative Advantage Denmark - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Sweden in the exports of Machines ($1.99B), Chemical Products ($1.85B), and Mineral Products ($1.61B).

During 2018, Sweden had a large net trade with Denmark in the exports of Machines ($4.37B), Mineral Products ($1.72B), and Transportation ($1.52B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Sweden+$28.8MCars

Top Product Potential Sweden Denmark+$30.8MPackaged 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

Swe Year

Dnk Year

In 2020, Denmark exported services to Sweden worth $5.27B, with Transportation ($1.91B), Other business services ($1.3B), and Computer and information services ($764M) being the largest in terms of value.

In 2020, Sweden exported services to Denmark worth $4.04B, with Other business services ($1.12B), Transportation ($725M), and Computer and information services ($571M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Sweden () 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 Sweden. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Sweden () (2023)

Exports from Sweden () to Denmark () (2023)

Latest Data

Trade between Denmark () and Sweden ()

Denmark Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Denmark - Sweden

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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