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2022
Flag → Flag
Exports $10.4BRnk 4 / 217
2022
Flag → Flag
Top Product $1.37BElectricity
2022
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Exports $10.9BRnk 3 / 218
2022
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Top Product $948MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Sweden-Denmark Trade: In 2022, Sweden exported $10.4B to Denmark. The main products that Sweden exported to Denmark were Electricity ($1.37B), Broadcasting Equipment ($1.09B), and Refined Petroleum ($1.01B). Over the past 5 years the exports of Sweden to Denmark have increased at an annualized rate of 15.4%, from $5.07B in 2017 to $10.4B in 2022.

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.

Denmark-Sweden Trade: In 2022, Denmark exported $10.9B to Sweden. The main products that Denmark exported to Sweden were Refined Petroleum ($948M), Petroleum Gas ($566M), and Packaged Medicaments ($541M). Over the past 5 years the exports of Denmark to Sweden have increased at an annualized rate of 19.3%,  from $4.52B in 2017 to $10.9B in 2022.

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.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

March, 2024

About

Overview In March 2024, Sweden exported SEK9.21B and imported SEK9.21B from Denmark, resulting in a positive trade balance of SEK7.07M. Between March 2023 and March 2024 the exports of Sweden have decreased by SEK-2.25B (-19.7%) from SEK11.5B to SEK9.21B, while imports decreased by SEK-1.02B (-9.94%) from SEK10.2B to SEK9.21B.

Trade In March 2024, the top exports of Sweden to Denmark were Refined Petroleum (SEK1.19B), Electricity (SEK841M), Cars (SEK797M), Computers (SEK481M), and Video Displays (SEK247M). In March 2024 the top imports of Sweden from Denmark were Refined Petroleum (SEK888M), Packaged Medicaments (SEK658M), Petroleum Gas (SEK471M), Cheese (SEK282M), and Computers (SEK278M).

Growth In March 2024, the decrease in Sweden's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (SEK-108M or -72.3%), Insulated Wire (SEK-93.6M or -50.5%), and Other Plastic Products (SEK-89M or -57.1%). In March 2024, the decrease in Sweden's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Petroleum Gas (SEK-57.2M or -10.8%), Seats (SEK-43.2M or -49.4%), and Vaccines, blood, antisera, toxins and cultures (SEK-35.3M or -62.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)SEK-2.25B(-19.7%)
IMPORT GROWTH (March 2023 - March 2024)SEK-1.02B(-9.94%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Denmark and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $10.4B to Denmark. The main products exported from Sweden to Denmark were Electricity ($1.37B), Broadcasting Equipment ($1.09B), and Refined Petroleum ($1.01B). During the last 5 years the exports of Sweden to Denmark have increased at an annualized rate of 15.4%, from $5.07B in 2017 to $10.4B in 2022.

In 2017, Denmark exported $10.9B to Sweden. The main products exported from Denmark to Sweden were Refined Petroleum ($948M), Petroleum Gas ($566M), and Packaged Medicaments ($541M). During the last 22 years the exports of Denmark to Sweden have increased at an annualized rate of 19.3%, from $4.52B in 1995 to $10.9B in 2017.

Exports from Sweden (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Sweden than Denmark included Norway ($18.7B), Finland ($13.4B), and Belgium ($7.35B).

In 2022, countries that imported more from Denmark than Sweden included Greenland ($587M), Panama ($381M), and Serbia ($482M).

Difference in imports from Denmark (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Denmark

Flow
Scale

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

During 2022, Sweden had a large net trade with Denmark in the exports of Machines ($4.13B), Mineral Products ($2.53B), and Transportation ($1.27B).

During 2017, Denmark had a large net trade with Sweden in the exports of Machines ($2.15B), Mineral Products ($1.78B), and Chemical Products ($1.56B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Denmark+$30.8MPackaged Medicaments
Top Product Potential Denmark Sweden+$28.8MCars

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

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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Denmark (Flag) (2022)

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