The Danish trade balance recorded a DKK 7.8 billion surplus in April 2019, swinging from a DKK 7.8 billion gap in the same month a year earlier. Exports increased 10 percent to DKK 58.2 billion, driven by sales of machinery (21,9 pct); chemicals & related products (14.2 pct), and live animals, food, beverages & tobacco (5.3 pct). By contrast, sales fell for: miscellaneous manufactured articles (-1.2 pct); crude materials inedible except fuels (-9.5 pct), and transport equipment (-7 pct). Meantime, imports went down 10 percent from a year earlier to DKK 50.3 billion, led by lower purchases of transport equipment (-9.7 pct); manufactured goods classified chiefly by material (-2.0 pct), and live animals, food, beverages & tobacco (-0.6 pct). Meanwhile, purchases increased for: machinery (8.9 pct); miscellaneous manufactured articles (4.0 pct), and chemicals & related products (0.7 pct). Balance of Trade in Denmark averaged 1776.19 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 -7805 DKK Million in April of 2018.
Balance of Trade in Denmark is expected to be 7400.00 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 2800.00 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.