Denmark's trade surplus widened to DKK 9.7 billion in November 2019 from DKK 6.4 billion in the same month a year earlier. This was the largest trade surplus since July 2016, as exports increased 2.8 percent, boosted by sales of vessels, aircraft (512.8 percent); chemicals & related products (16.1 percent); machinery (4.2 percent); and live animals, food, beverages & tobacco (3.7 percent). Conversely, sales dropped for mineral fuels, lubricants & related material (-40.4 percent); crude materials inedible, except fuels (-7.4 percent); and miscellaneous manufactured articles (-5.4 percent). Imports fell 2.7 percent, due to purchases of chemicals & related products (-6 percent); manufactured goods (-12 percent); live animals, food, beverages & tobacco (-2.5 percent); and transport equipment (-5.9 percent). By contrast, imports went up for machinery (0.4 percent); mineral fuels, lubricants & related materials (13 percent); and crude materials, inedible, except fuels (13.3 percent).
Balance of Trade in Denmark averaged 1846.65 DKK Million from 1960 until 2019, 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. source: Statistics Denmark
Balance of Trade in Denmark is expected to be 2800.00 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 800.00 in 12 months time. In the long-term, the Denmark Balance of Trade is projected to trend around 3500.00 DKK Million in 2020, according to our econometric models.