Denmark's trade surplus decreased to DKK 8.1 billion in May of 2020 from DKK 9.3 billion in the same month a year earlier. Exports dropped 16.7 percent, dragged down by lower sales of chemicals and related products (-4.8 percent); machinery, excluding transport equipment (-16.1 percent); live animals, food, beverages and tobacco (-10.7 percent) and miscellaneous manufactured articles (-21.2 percent). Meantime, imports fell at a faster 17.3 percent, due to lower purchases of machinery, excluding transport equipment (-4.5 percent); manufactured goods classified chiefly by material (-9.5 percent); miscellaneous manufactured articles (-19.3 percent); chemicals and related products (-6.3 percent) and live animals, food, beverages and tobacco (-17.8 percent).

Balance of Trade in Denmark averaged 1895.55 DKK Million from 1960 until 2020, reaching an all time high of 10659.10 DKK Million in October of 2013 and a record low of -7636.40 DKK Million in April of 2018. This page provides - Denmark Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Denmark Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Denmark

Balance of Trade in Denmark is expected to be 6200.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Denmark to stand at 9500.00 in 12 months time. In the long-term, the Denmark Balance of Trade is projected to trend around 3500.00 DKK Million in 2021 and 5500.00 DKK Million in 2022, according to our econometric models.

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Denmark Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
8059.10 6669.50 10659.10 -7636.40 1960 - 2020 DKK Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-08 06:00 AM Feb DKK7.1B DKK8.3B DKK4.8B
2020-05-11 06:00 AM Mar DKK9.3B DKK6.8B DKK -3B
2020-06-09 06:00 AM Apr DKK7.7B DKK8.3B DKK8.2B
2020-07-09 06:00 AM May DKK8.1B DKK6.7B DKK8.9B
2020-08-10 06:00 AM Jun DKK8.1B DKK 7.5B
2020-09-08 06:00 AM Jul
2020-10-09 06:00 AM Aug
2020-11-09 07:00 AM Sep DKK 6.2B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Danish Trade Surplus Narrows in May
Denmark's trade surplus decreased to DKK 8.1 billion in May of 2020 from DKK 9.3 billion in the same month a year earlier. Exports dropped 16.7 percent, dragged down by lower sales of chemicals and related products (-4.8 percent); machinery, excluding transport equipment (-16.1 percent); live animals, food, beverages and tobacco (-10.7 percent) and miscellaneous manufactured articles (-21.2 percent). Meantime, imports fell at a faster 17.3 percent, due to lower purchases of machinery, excluding transport equipment (-4.5 percent); manufactured goods classified chiefly by material (-9.5 percent); miscellaneous manufactured articles (-19.3 percent); chemicals and related products (-6.3 percent) and live animals, food, beverages and tobacco (-17.8 percent).
2020-07-09
Danish Trade Surplus Narrows Slightly in April
Denmark's trade surplus declined slightly to DKK 7.70 billion in April 2020 from DKK 7.73 billion in the same month a year earlier. Exports fell 13.5 percent, dragged by sales of live animals, food, beverages & tobacco (-6.8 pct); machinery (-16.3 pct); mineral fuels, lubricants & related material (-75.3 pct); miscellaneous manufactured articles (-28.2 pct); and vessels, aircraft (-99.7 pct).Conversely, sales increased for chemicals & related products (14.2 pct). Imports dropped 15.5 percent, due to purchases of crude materials, inedible, except fuels (-11 pct); live animals, food, beverages & tobacco (-20.1 pct); mineral fuels, lubricants & related material (-58.2 pct); vessels, aircraft (-53.3 pct); transport equipment (-59.9 pct), and miscellaneous manufactured articles (-14.7 pct). By contrast, acquisitions were up for machinery (3 pct); chemicals & related products (2 pct).
2020-06-09
Danish Trade Surplus Largest in 4 Months
Denmark's trade surplus increased to DKK 9.3 billion in March 2020 from DKK 5 billion in the same month a year earlier. It was the largest trade surplus since last November, as exports rose while imports fell. Exports went up 1.7 percent, boosted by sales of chemicals & related products (38.1 pct); live animals, food, beverages & tobacco (8.5 pct). Conversely, sales fell for machinery (-7.5 pct); mineral fuels, lubricants & related material (-60.4 pct); miscellaneous manufactured articles (-10.4 pct); and vessels, aircraft (-76.8 pct). Imports dropped 5.8 percent, due to purchases of crude materials, inedible, except fuels (-22.5 pct); live animals, food, beverages & tobacco (-9.6 pct); mineral fuels, lubricants & related material (-31.6 pct); vessels, aircraft (-88.9 pct); transport equipment (-12.2 pct), and miscellaneous manufactured articles (-3.8 pct). By contrast, acquisitions were up for machinery (3.3 pct); chemicals & related products (10 pct).
2020-05-11
Danish Trade Surplus Widens in February
Denmark's trade surplus increased to DKK 7.1 billion in February 2020 from DKK 4.2 billion in the same month a year earlier. Exports rose 5.1 percent, boosted by sales of chemicals & related products (29.4 pct); live animals, food, beverages & tobacco (11.8 pct). Conversely, sales fell for machinery (-6.7 pct); mineral fuels, lubricants & related material (-3.9 pct); miscellaneous manufactured articles (-0.2 pct); and vessels, aircraft (-2.8 pct). Imports edged down 0.1 percent, due to purchases of crude materials, inedible, except fuels (-14.2 pct); live animals, food, beverages & tobacco (-4.0 pct); vessels, aircraft (-9.6 pct), and transport equipment (-0.5 pct). By contrast, acquisitions were up for machinery (1.4 pct); mineral fuels, lubricants & related material (11.3 pct); chemicals & related products (7.6 pct), and miscellaneous manufactured articles (0.3 pct).
2020-04-08

Denmark Balance of Trade
Denmark has been reporting consistent trade surpluses since 1988. Denmark is self-sufficient in energy producing oil, natural gas, wind and bio energy. Its principal exports are machinery, chemicals and food products. Denmark imports mainly machinery and equipment, raw materials and semi manufactures for industry, foodstuffs and chemicals. In 2017, the largest trade surpluses were recorded with the US, the UK, Norway, France and Russia, while the biggest trade deficits were recorded with Germany, the Netherlands, China and Sweden.