The Danish trade surplus rose to DKK 1.6 billion in December 2018 from DKK 0.6 billion in the same month a year earlier, as exports fell less than imports. Exports decreased 1.2 percent from a year earlier to DKK 49.8 billion, mainly due to lower sales of transport equipment (-10.1%); live animals, food, beverages & tobacco (-7.3%). On the other hand exports increased for: mineral fuels, lubricants & related materials (6.1%); chemicals & related products (5.0%); vessels, aircraft (25.5%), and machinery (47.6%). Meantime, imports declined at a faster 3.1 percent to DKK 48.3 billion, led by decreases in purchases of crude materials, inedible, except fuels (-12.3 percent); live animals, food, beverages and tobacco (-3.1 percent), and manufactured goods classified chiefly by material (-3.0 percent). Balance of Trade in Denmark averaged 1756.97 DKK Million from 1960 until 2018, reaching an all time high of 10659.10 DKK Million in October of 2013 and a record low of -7636 DKK Million in April of 2018.
Balance of Trade in Denmark is expected to be 1461.00 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 3210.00 in 12 months time. In the long-term, the Denmark Balance of Trade is projected to trend around 1566.00 DKK Million in 2020, according to our econometric models.