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Pricing

2022
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Exports $14.6BRnk 4 / 217
2022
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Top Product $1.37BElectricity
2022
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Exports $11.6BRnk 3 / 218
2022
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Top Product $948MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 1.01Rnk 23 / 124
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 In 2022, Sweden exported $14.6B to Denmark. The main products that Sweden exported to Denmark are Electricity ($1.37B), Broadcasting Equipment ($1.09B), and Refined Petroleum ($1.01B). During the last 27 years the exports of Sweden to Denmark have increased at an annualized rate of 4%, from $5.07B in 1995 to $14.6B 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 In 2022, Denmark exported $11.6B to Sweden. The main products that Denmark exported to Sweden were Refined Petroleum ($948M), Petroleum Gas ($566M), and Packaged Medicaments ($541M). During the last 27 years the exports of Denmark to Sweden have increased at an annualized rate of 3.55%, from $4.52B in 1995 to $11.6B 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 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK8.9B and imported SEK9.29B from Denmark, resulting in a negative trade balance of SEK393M. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-1.69B (-15.9%) from SEK10.6B to SEK8.9B, while imports decreased by SEK-727M (-7.26%) from SEK10B to SEK9.29B.

Trade In December 2023, the top exports of Sweden to Denmark were Refined Petroleum (SEK1.19B), Electricity (SEK841M), Cars (SEK797M), Computers (SEK481M), and Video Displays (SEK247M). In December 2023 the top imports of Sweden from Denmark were Refined Petroleum (SEK888M), Packaged Medicaments (SEK658M), Petroleum Gas (SEK471M), Cheese (SEK282M), and Computers (SEK278M).

Growth In December 2023, 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 December 2023, 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 (December 2022 - December 2023)SEK-1.69B(-15.9%)
IMPORT GROWTH (December 2022 - December 2023)SEK-727M(-7.26%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $14.6B 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 27 years the exports of Sweden to Denmark have increased at an annualized rate of 4%, from $5.07B in 1995 to $14.6B in 2022.

In 2022, Denmark exported $11.6B to Sweden. The main products exported from Denmark to Sweden were Refined Petroleum ($948M), Petroleum Gas ($566M), and Packaged Medicaments ($541M). During the last 27 years the exports of Denmark to Sweden have increased at an annualized rate of 3.55%, from $4.52B in 1995 to $11.6B in 2022.

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 2021, countries that imported more from Sweden than Denmark were Norway ($18.7B), Finland ($13.4B), and Belgium ($7.35B).

In 2021, countries that imported more from Denmark than Sweden were 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 2022, Denmark had a large net trade with Sweden in the exports of Machines ($2.15B), Mineral Products ($1.78B), and Chemical Products ($1.56B).

Service Trade

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)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Sweden.

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

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