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.


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Denmark Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
9665.50 7862.70 10659.10 -7636.40 1960 - 2019 DKK Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-09 06:00 AM Aug DKK8.4B DKK8.9B DKK 4.9B
2019-11-11 07:00 AM Sep DKK7.3B DKK7.9B DKK 6.6B
2019-12-09 07:00 AM Oct DKK7.3B DKK6.75B DKK 3.5B
2020-01-09 07:00 AM Nov DKK9.7B DKK7.9B DKK 5.5B
2020-02-10 07:00 AM Dec DKK9.7B DKK 1.7B


News Stream
2019-12-09
Danish Trade Surplus Widens in October
Danish’s trade surplus widened to DKK 7.3 billion in October 2019 from DKK 5.9 billion in the same month a year earlier. Exports increased 3.8 percent from a year earlier to DKK 65.9 billion, boosted by sales of chemicals & related products (32.3%); transport equipment (3.7%); and live animals, food, beverages & tobacco (7.8%). Conversely, sales dropped for manufactured goods classified chiefly by material (-16.9%); miscellaneous manufactured articles (-5%), and machinery (-0.4%). Imports went up 1.7 percent to DKK 58.6 billion, led by higher purchases of chemicals & related products (1.6%); machinery (2.5%); live animals, food, beverages & tobacco (4.8%); mineral fuels, lubricants & related material (3.8%); crude materials inedible except fuels (7.3%), and miscellaneous manufactured articles (3%). By contrast, sales fell for manufactured goods classified chiefly by material (-2.8%).

2019-11-11
Danish Trade Surplus Widens Sharply
Danish’s trade surplus increased sharply to DKK 7.3 billion in September 2019 from DKK 2.9 billion in the same month a year earlier, as exports rose 5.3 percent from a year earlier to DKK 61.5 billion, boosted by sales of chemicals & related products (35.2%); transport equipment (22.8%); crude materials inedible except fuels (17.5%); miscellaneous manufactured articles (3.6%); and live animals, food, beverages & tobacco (13.0%). Conversely, sales dropped for manufactured goods classified chiefly by material (-3.5%); machinery (-1.3%). Imports went up 7.6 percent to DKK 54.2 billion, led by higher purchases of chemicals & related products (10.9%); machinery (11.3%); and miscellaneous manufactured articles (9.5% ). By contrast, sales fell for live animals, food, beverages & tobacco (-1.3%); manufactured goods classified chiefly by material (-1.9%); mineral fuels, lubricants & related material (-6.0%); and crude materials inedible except fuels (-10.3%).

2019-10-09
Danish Trade Surplus Widens Sharply in August
Danish’s trade surplus widened sharply to DKK 8.4 billion in August 2019 from DKK 2.9 billion in the same month a year earlier, as exports increased 9 percent from a year earlier to DKK 61.1 billion, boosted by sales of machinery (23.6 pct); chemicals & related products (23.8 pct); transport equipment (4.6 pct); and live animals, food, beverages & tobacco (1.7 pct). Conversely, sales fell for crude materials inedible except fuels (-3.8 pct); miscellaneous manufactured articles (-3.9 pct); and manufactured goods classified chiefly by material (-4.8 pct). Imports fell 0.7 percent to DKK 52.7 billion, led by lower purchases of live animals, food, beverages & tobacco (-2.7 pct); chemicals & related products (-5.4 pct); manufactured goods classified chiefly by material (-4.3 pct); mineral fuels, lubricants & related material (-11.9 pct); and crude materials inedible except fuels (-20 pct). By contrast, sales rose for machinery (9.2 pct); and miscellaneous manufactured articles (1.7 pct).

2019-09-09
Danish Trade Surplus Widens in July
Danish’s trade surplus widened to DKK 9 billion in July 2019 from DKK 7.5 billion in the same month a year earlier. Exports increased 9.6 percent to DKK 61.9 billion, boosted by sales of machinery (23.6 pct); chemicals & related products (18.6 pct); transport equipment (15.6 pct); live animals, food, beverages & tobacco (8.5 pct); crude materials inedible except fuels (6.2 pct), and miscellaneous manufactured articles (3.1 pct). Meantime, imports rose 8.0 percent from a year earlier to DKK 52.9 billion, led by higher purchases of miscellaneous manufactured articles (8.5 pct); live animals, food, beverages & tobacco (7.3 pct); chemicals & related products (7.1 pct), and manufactured goods classified chiefly by material (0.5 pct).

2019-08-09
Danish Trade Surplus Widens in June
Danish’s trade surplus widened to DKK 7.2 billion in June 2019 from DKK 5.9 billion in the same month a year earlier. Exports decreased 2.7 percent to DKK 57.9 billion, dragged down by sales of machinery (-5.4 pct); transport equipment (-6.4 pct); crude materials inedible except fuels (-8.6 pct); miscellaneous manufactured articles (-6.2 pct), and live animals, food, beverages & tobacco (-3.6 pct). By contrast, sales of chemicals & related products increased (3.7 pct). Meantime, imports fell at a faster 5.5 percent from a year earlier to DKK 50.7 billion, led by lower purchases of manufactured goods classified chiefly by material (-7.5 pct); chemicals & related products (-6.7 pct); miscellaneous manufactured articles (-1.8 pct); and live animals, food, beverages & tobacco (-0.9 pct).

2019-07-09
Danish Posts Largest Trade Surplus in 2 Years
Danish’s trade surplus widened sharply to DKK 9 billion in May 2019 from DKK 3.7 billion in the same month a year earlier. This was the largest trade surplus since March 2017. Exports increased 9.9 percent to DKK 63.7 billion, driven by sales of chemicals & related products (33.1 pct); machinery (15.6 pct); transport equipment (7.1 pct); crude materials inedible except fuels (4.8 pct); miscellaneous manufactured articles (1.9 pct), and live animals, food, beverages & tobacco (0.3 pct). Meantime, imports rose at a softer 0.8 percent from a year earlier to DKK 54.6 billion, led by higher purchases of miscellaneous manufactured articles (6.8 pct); machinery (6.3 pct); transport equipment (5.0 pct); chemicals & related products (5.0 pct); live animals, food, beverages & tobacco (1.5 pct), and manufactured goods classified chiefly by material (0.3 pct).


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.

Denmark Trade Last Previous Highest Lowest Unit
Balance of Trade 9665.50 7862.70 10659.10 -7636.40 DKK Million [+]
Current Account 24155.00 27199.00 27199.00 -4967.00 DKK Million [+]
Current Account to GDP 6.10 8.00 8.90 -6.00 percent [+]
Imports 54550.60 58620.60 60715.30 915.00 DKK Million [+]
Exports 64216.10 66483.30 66483.30 771.00 DKK Million [+]
External Debt 507.00 571.00 176785.00 507.00 DKK Million [+]
Terms of Trade 103.00 102.00 109.00 96.00 points [+]
Capital Flows 50.00 50.00 4975.00 -706.00 DKK Million [+]
Gold Reserves 66.55 66.55 66.60 66.50 Tonnes [+]
Crude Oil Production 88.00 98.00 418.20 69.00 BBL/D/1K [+]
Terrorism Index 0.96 0.82 2.15 0.00 [+]
Weapons Sales 27.00 20.00 272.00 1.00 USD Million [+]
Foreign Direct Investment 699.80 726.30 726.30 402.30 DKK Billion [+]