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). Balance of Trade in Denmark averaged 1812.39 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 -7490 DKK Million in April of 2018.
Balance of Trade in Denmark is expected to be 6600.00 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 8400.00 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.