2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.11B in 2023.

In 2018, 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 2023 to $867M in 2018.

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

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

Latest Data

Trade between Austria (Flag) and Denmark (Flag)

Austria Exports

Denmark Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Denmark
Top Destination
Germany$14.8B

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

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

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

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

Comparative Advantage Austria - Denmark

Flow
Scale

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

During 2023, Austria had a large net trade with Denmark in the exports of Machines ($309M), Metals ($183M), and Chemical Products ($153M).

During 2018, Denmark had a large net trade with Austria in the exports of Machines ($231M), Chemical Products ($214M), and Transportation ($58.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Denmark+$25.7MPackaged Medicaments
Top Product Potential Denmark Austria+$58MPackaged 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

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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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