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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Sweden and Denmark, each channel at its own period. Left, Sweden to Denmark; right, Denmark to Sweden.

Finance to trade

positions ÷ goods, both directions
Finance to trade6.2×positions ÷ goods, both directions
Financial positions, both directions196USD bn
Goods, both directions31.4USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceSweden → DenmarkDenmark → Swedenother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 16.7 / 14.801020Bank claims · quarterly · USD bnQ2 2026 · 36.0 / 39.3050100Portfolio holdings · half-yearly · USD bnDec 2025 · 37.9 / 37.902550Direct investment · annual · USD bn2024 · 26.7 / 17.802550Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 6.3×0.0×10×20×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Sweden → Denmark

Aug 2025–Jul 2026

exports of Sweden to Denmark, 12 months

Exports, 12 months16.7USD bnreported
1.06importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Denmark → Sweden

Aug 2025–Jul 2026

exports of Denmark to Sweden, 12 months

Exports, 12 months14.7USD bnreported
1.11importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Sweden → Denmark

Q2 2026

loans and deposits of banks in Sweden on residents of Denmark

Position36.0USD bn
Flow in the quarter+2.1USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Denmark → Sweden

Q2 2026

loans and deposits of banks in Denmark on residents of Sweden

Position39.3USD bn
Flow in the quarter−6.6USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Sweden → Denmark

Q4 2025

securities issued in Denmark held by investors in Sweden

Total37.9USD bn
Equity17.4USD bn
Debt securities20.5USD bn
Sources

Holder to issuer, Q4 2025.

Denmark → Sweden

Q4 2025

securities issued in Sweden held by investors in Denmark

Total37.9USD bn
Equity13.1USD bn
Debt securities24.8USD bn
Sources

Holder to issuer, Q4 2025.

Sweden → Denmark

2024

position of investors in Sweden in Denmark

Position26.7USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Denmark → Sweden

2024

position of investors in Denmark in Sweden

Position17.8USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.