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%). 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 December of 2020.
Balance of Trade in Denmark is expected to be 500.00 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 3800.00 DKK Million in 2021 and 5500.00 DKK Million in 2022, according to our econometric models.