Denmark's trade surplus declined sharply to DKK 2.9 billion in August of 2020 from DKK 8 billion in the same month a year earlier. This was the smallest trade surplus since April 2018, as exports dropped more than imports. Exports plunged 15.1 percent, dragged down by lower sales of machinery, excluding transport equipment (-10.3%); mineral fuels, lubricants and related materials (-41.3%); miscellaneous manufactured articles (-4.2%); live animals, food, beverages and tobacco (-3.8%); chemicals and related products (-12.1%) and vessels, aircraft etc (-78.3%). Meantime, imports fell at a softer 0.8 percent, due to lower purchases of manufactured goods classified chiefly by material (-4.3%); lubricants and related materials (-35.4%); machinery, excluding transport equipment (-7.5%) and vessels, aircraft etc (-9.2%). By contrast, imports rose for both chemicals and related products increase (8.7%) and miscellaneous manufactured articles (1.3%). source: Statistics Denmark

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 October of 2020.

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
2889.40 7544.90 10659.10 -7636.40 1960 - 2020 DKK Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-09 06:00 AM May DKK8.1B DKK6.7B DKK8.9B
2020-08-10 06:00 AM Jun DKK7.9B DKK7.7B DKK 7.5B
2020-09-08 06:00 AM Jul DKK7.5B DKK6.9B DKK8.5B
2020-10-09 06:00 AM Aug DKK2.9B DKK7.5B DKK8.0B
2020-11-09 07:00 AM Sep DKK2.9B DKK 6.2B
2020-12-09 07:00 AM Oct


News Stream
Danish Trade Surplus Smallest in Near 2-1/2 Years
Denmark's trade surplus declined sharply to DKK 2.9 billion in August of 2020 from DKK 8 billion in the same month a year earlier. This was the smallest trade surplus since April 2018, as exports dropped more than imports. Exports plunged 15.1 percent, dragged down by lower sales of machinery, excluding transport equipment (-10.3%); mineral fuels, lubricants and related materials (-41.3%); miscellaneous manufactured articles (-4.2%); live animals, food, beverages and tobacco (-3.8%); chemicals and related products (-12.1%) and vessels, aircraft etc (-78.3%). Meantime, imports fell at a softer 0.8 percent, due to lower purchases of manufactured goods classified chiefly by material (-4.3%); lubricants and related materials (-35.4%); machinery, excluding transport equipment (-7.5%) and vessels, aircraft etc (-9.2%). By contrast, imports rose for both chemicals and related products increase (8.7%) and miscellaneous manufactured articles (1.3%).
2020-10-09
Danish Trade Surplus Smallest in 3 Months
Denmark's trade surplus declined to DKK 7.5 billion in July of 2020 from DKK 8.7 billion in the same month a year earlier. This was the smallest trade surplus since April, as exports dropped more than imports. Exports fell 8.2 percent, dragged down by lower sales of machinery, excluding transport equipment (-18.4%); mineral fuels, lubricants and related materials (-34.2%); miscellaneous manufactured articles (-9.9%) and live animals, food, beverages and tobacco (-3.8%). By contrast, exports rose for chemicals and related products (7.4%); vessels, aircraft etc (60.1%). Meantime, imports fell at a softer 7.3 percent, due to lower purchases of manufactured goods classified chiefly by material (-6.9%); miscellaneous manufactured articles (-3.5%); lubricants and related materials (-43.6%); machinery, excluding transport equipment (-3.5%). Conversely, imports rose for chemicals and related products (2.0%), vessels, aircraft etc (22.9%).
2020-09-08
Danish Trade Surplus Largest in 3 Months
Denmark's trade surplus increased to DKK 7.9 billion in June of 2020 from DKK 6.7 billion in the same month a year earlier. This was the largest trade surplus since March, as exports fell less than imports. Exports dropped 2.3 percent, dragged down by lower sales of machinery, excluding transport equipment (-11%); mineral fuels, lubricants and related materials (-52.3%), vessels, aircraft etc (-71.9%), and miscellaneous manufactured articles (-6.4%). Conversely, exports rose for chemicals and related products (24.1%); live animals, food, beverages and tobacco (2.1%). Meantime, imports fell at a faster 5 percent, due to lower purchases of manufactured goods classified chiefly by material (-6%); miscellaneous manufactured articles (-7.3%); lubricants and related materials (-47%); vessels, aircraft etc (-57.6%). By contrast, imports increased for machinery, excluding transport equipment (0.3%); chemicals and related products (18.6%).
2020-08-10
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

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.