2023
Flag  
GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 125 / 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 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP PC GROWTH
14%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Switzerland-Denmark Trade: In 2023, Switzerland exported $846M to Denmark. The main products that Switzerland exported to Denmark were Vaccines, blood, antisera, toxins and cultures ($87.1M), Packaged Medicaments ($84.3M), and Polycarboxylic Acids ($57.9M). Over the past 5 years the exports of Switzerland to Denmark have increased at an annualized rate of 2.73%, from $740M in 2018 to $846M in 2023.

In 2019, Switzerland exported services to Denmark worth $303M, with Financial services ($70.2M), Computer and information services ($56.6M), and Royalties and license fees ($55.2M) being the largest in terms of value.

Denmark-Switzerland Trade: In 2023, Denmark exported $1.48B to Switzerland. The main products that Denmark exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($378M), Packaged Medicaments ($183M), and Oxygen Amino Compounds ($41.3M). Over the past 5 years the exports of Denmark to Switzerland have increased at an annualized rate of 12.8%,  from $808M in 2018 to $1.48B in 2023.

In 2020, Denmark exported services to Switzerland worth $3.17B, with Transportation ($1.8B), Other business services ($864M), and Royalties and license fees ($204M) being the largest in terms of value.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). 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, Switzerland exported $846M to Denmark. The main products exported from Switzerland to Denmark were Vaccines, blood, antisera, toxins and cultures ($87.1M), Packaged Medicaments ($84.3M), and Polycarboxylic Acids ($57.9M). During the last 5 years the exports of Switzerland to Denmark have increased at an annualized rate of 2.73%, from $740M in 2018 to $846M in 2023.

In 2018, Denmark exported $1.48B to Switzerland. The main products exported from Denmark to Switzerland were Vaccines, blood, antisera, toxins and cultures ($378M), Packaged Medicaments ($183M), and Oxygen Amino Compounds ($41.3M). During the last 5 years the exports of Denmark to Switzerland have increased at an annualized rate of 12.8%, from $808M in 2023 to $1.48B in 2018.

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

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

Latest Data

Trade between Switzerland (Flag) and Denmark (Flag)

Switzerland Exports

Denmark Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Denmark
Top Destination
Germany$14.8B

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

In 2023, countries that imported more from Switzerland than Denmark included China ($47.7B), Germany ($53.8B), and United States ($45.1B).

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

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

Comparative Advantage Switzerland - Denmark

Flow
Scale

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

During 2023, Switzerland had a large net trade with Denmark in the exports of Chemical Products ($269M), Machines ($250M), and Instruments ($133M).

During 2018, Denmark had a large net trade with Switzerland in the exports of Chemical Products ($667M), Machines ($233M), and Instruments ($107M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Denmark+$78MPackaged Medicaments
Top Product Potential Denmark Switzerland+$135MPackaged 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 2019, Switzerland exported services to Denmark worth $303M, with Financial services ($70.2M), Computer and information services ($56.6M), and Royalties and license fees ($55.2M) being the largest in terms of value.

In 2020, Denmark exported services to Switzerland worth $3.17B, with Transportation ($1.8B), Other business services ($864M), and Royalties and license fees ($204M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland (Flag) to Denmark (Flag) (2019)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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