Denmark's goods and services trade surplus narrowed to a seasonally adjusted DKK 9.7 billion in December 2020, down DKK 1.9 billion from a marginally revised DKK 11.6 billion in the previous month. It was the smallest trade surplus since August, as exports fell 1.6 percent from a month earlier while imports rose 0.2 percent. Considering 2020 full year, the trade surplus plunged to DKK 140.2 billion from DKK 171.6 billion in 2019, amid the coronavirus pandemic. source: Statistics Denmark

Balance of Trade in Denmark averaged 3071.84 DKK Million from 1960 until 2020, reaching an all time high of 19743 DKK Million in October of 2019 and a record low of -2969 DKK Million in December of 1985. 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 March of 2021.

Balance of Trade in Denmark is expected to be 9100.00 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 3500.00 in 12 months time. In the long-term, the Denmark Balance of Trade is projected to trend around 14600.00 DKK Million in 2022 and 16600.00 DKK Million in 2023, according to our econometric models.

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Denmark Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
9670.00 11589.00 19743.00 -2969.00 1960 - 2020 DKK Million Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 07:00 AM Sep DKK8.9B DKK2.2B DKK 6.2B
2020-12-09 07:00 AM Oct DKK4.4B DKK8.4B DKK 7.0B
2021-01-11 07:00 AM Nov DKK11.7B DKK9.8B
2021-02-08 07:00 AM Dec DKK9.7B DKK11.6B DKK12B
2021-03-11 07:00 AM Jan DKK9.7B
2021-04-09 06:00 AM Feb
2021-05-10 06:00 AM Mar DKK 9.1B
2021-06-09 06:00 AM Apr


News Stream
Danish Trade Surplus Smallest in 4 Months
Denmark's goods and services trade surplus narrowed to a seasonally adjusted DKK 9.7 billion in December 2020, down DKK 1.9 billion from a marginally revised DKK 11.6 billion in the previous month. It was the smallest trade surplus since August, as exports fell 1.6 percent from a month earlier while imports rose 0.2 percent. Considering 2020 full year, the trade surplus plunged to DKK 140.2 billion from DKK 171.6 billion in 2019, amid the coronavirus pandemic.
2021-02-08
Danish Trade Surplus Narrows in October
Denmark's trade surplus declined to DKK 4.4 billion in October of 2020 from DKK 7.3 billion in the same month a year earlier. Exports fell 11.3 percent, dragged by lower sales of chemicals and related products (-25.8%); machinery, excluding transport equipment (-8.8%); mineral fuels, lubricants and related materials (-28.8%); live animals, food, beverages and tobacco (-8.1%) and vessels, aircraft etc (-1.9%). Meanwhile, sales of miscellaneous manufactured articles edged up (0.1%). Meantime, imports dropped at a softer 7.7 percent, due to lower purchases of mineral fuels, lubricants and related materials (-38.6%); vessels, aircraft etc (-66.3%); manufactured goods classified chiefly by material (-4.5%); machinery, excluding transport equipment (-2.4%); chemicals and related products increase (-0.2%). By contrast, imports rose for miscellaneous manufactured articles (4.8%).
2020-12-09
Danish Trade Surplus Largest in 10 Months
Denmark's trade surplus increased to DKK 8.9 billion in September of 2020 from DKK 8.0 billion in the same month a year earlier. This was the largest trade surplus since November last year, as exports rose while imports fell. Exports were up 1.1 percent, driven by higher sales of miscellaneous manufactured articles (4.7%); chemicals and related products (11.1%). Conversely, sales declined for machinery, excluding transport equipment (-4.4%); mineral fuels, lubricants and related materials (-4.4%); live animals, food, beverages and tobacco (-3.1%) and vessels, aircraft etc (-26.1%). Meantime, imports fell 0.3 percent, due to lower purchases of mineral fuels, lubricants and related materials (-44.0%); vessels, aircraft etc (-7.1%).By contrast, imports rose for manufactured goods classified chiefly by material (7.4%); machinery, excluding transport equipment (1.6%); chemicals and related products increase (14.2%) and miscellaneous manufactured articles (4.8%).
2020-11-09
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

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.