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%). source: Statistics Denmark
Balance of Trade in Denmark averaged 1895.55 DKK Million from 1960 until 2020, 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. Denmark Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Balance of Trade in Denmark is expected to be 6200.00 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 9500.00 in 12 months time. In the long-term, the Denmark Balance of Trade is projected to trend around 3500.00 DKK Million in 2021 and 5500.00 DKK Million in 2022, according to our econometric models.