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2023
Flag → Flag
Exports $14.4BRnk 3 / 216
2023
Flag → Flag
Top Product $1.08BBroadcasting Equipment
2023
Flag → Flag
Exports $11.2BRnk 3 / 217
2023
Flag → Flag
Top Product $1.09BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

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.

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.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK10B and imported SEK10.4B from Denmark, resulting in a negative trade balance of SEK345M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-646M (-6.06%) from SEK10.7B to SEK10B, while imports increased by SEK1.04B (11.2%) from SEK9.31B to SEK10.4B.

Trade In October 2024, the top exports of Sweden to Denmark were Refined Petroleum (SEK1.19B), Electricity (SEK841M), Cars (SEK797M), Computers (SEK481M), and Video Displays (SEK247M). In October 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 October 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 October 2024, the increase in Sweden's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Refined Petroleum (SEK317M or 55.6%), Cheese (SEK107M or 61.2%), and Cleaning Products (SEK45.8M or 252%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-646M(-6.06%)
IMPORT GROWTH (October 2023 - October 2024)SEK1.04B(11.2%)

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 2023, 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 2018 to $14.4B in 2023.

In 2018, 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 2023 to $11.2B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Denmark
Top DestinationGermany$14.8B

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

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

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

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 2023, Sweden had a large net trade with Denmark in the exports of Machines ($4.37B), Mineral Products ($1.72B), and Transportation ($1.52B).

During 2018, Denmark had a large net trade with Sweden in the exports of Machines ($1.99B), Chemical Products ($1.85B), and Mineral Products ($1.61B).

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) (2023)

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