2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Denmark-Austria Trade: In 2022, Denmark exported $1.01B to Austria. The main products that Denmark exported to Austria were Packaged Medicaments ($96.4M), Cars ($37M), and Electric Generating Sets ($31.8M). Over the past 5 years the exports of Denmark to Austria have increased at an annualized rate of 5.79%, from $760M in 2017 to $1.01B in 2022.

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 2022, Austria exported $1.18B to Denmark. The main products that Austria exported to Denmark were Vaccines, blood, antisera, toxins and cultures ($86.3M), Electrical Transformers ($60.2M), and Electrical Control Boards ($35.3M). Over the past 5 years the exports of Austria to Denmark have increased at an annualized rate of 2.6%,  from $826M in 2017 to $1.18B in 2022.

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 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $1.01B to Austria. The main products exported from Denmark to Austria were Packaged Medicaments ($96.4M), Cars ($37M), and Electric Generating Sets ($31.8M). During the last 5 years the exports of Denmark to Austria have increased at an annualized rate of 5.79%, from $760M in 2017 to $1.01B in 2022.

In 2017, Austria exported $1.18B to Denmark. The main products exported from Austria to Denmark were Vaccines, blood, antisera, toxins and cultures ($86.3M), Electrical Transformers ($60.2M), and Electrical Control Boards ($35.3M). During the last 5 years the exports of Austria to Denmark have increased at an annualized rate of 2.6%, from $826M in 2022 to $1.18B in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Austria (Flag)

Denmark Exports

Austria Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Austria
Top Destination
Germany$57.7B

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 2022, countries that imported more from Denmark than Austria included Sweden ($11.6B), Norway ($6.53B), and Netherlands ($7.26B).

In 2022, countries that imported more from Austria than Denmark included Germany ($57.7B), Italy ($13.6B), and Switzerland ($11.2B).

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

Comparative Advantage Denmark - Austria

Flow
Scale

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

During 2022, Denmark had a large net trade with Austria in the exports of Machines ($322M), Chemical Products ($175M), and Textiles ($129M).

During 2017, Austria had a large net trade with Denmark in the exports of Machines ($345M), Metals ($217M), and Chemical Products ($174M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Austria (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

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

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