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Economy

Construction of the Great Belt Bridge in Denmark (completed 1997) and the Øresund Bridge -Tunnel (completed 1999), linking Denmark with Sweden, provided a highway and railroad connection between Sweden and the Danish mainland (the Jutland Peninsula, precisely the Zealand). The undersea tunnel of the Øresund Bridge-Tunnel provides for navigation of large ships into and out of the Baltic Sea. The Baltic Sea is the main trade route for the export of Russian petroleum. Many of the countries neighboring the Baltic Sea have been concerned about this since a major oil leak in a seagoing tanker would be disastrous for the Baltic—given the slow exchange of water. The tourism industry surrounding the Baltic Sea is naturally concerned about oil pollution.

Much shipbuilding is carried out in the shipyards around the Baltic Sea. The largest shipyards are at Gdańsk, Gdynia, and Szczecin, Poland; Kiel, Germany; Karlskrona and Malmö, Sweden; Rauma, Turku, and Helsinki, Finland; Riga, Ventspils, and Liepāja, Latvia; Klaipėda, Lithuania; and Saint Petersburg, Russia.

There are several cargo and passenger ferries that operate on the Baltic Sea, such as Scandlines, Silja Line, Polferries, the Viking Line, Tallink, and Superfast Ferries.

Construction of the Fehmarn Belt Fixed Link between Denmark and Germany is due to finish in 2029. It will be a three-bore tunnel carrying four motorway lanes and two rail tracks.

Through the development of offshore wind power the Baltic Sea is expected to become a major source of energy for countries in the region. According to the Marienborg Declaration, signed in 2022, all EU Baltic Sea states have announced their intentions to have 19.6 gigawatts of offshore wind in operation by 2030.