Danish Trade Surplus Widens

Denmark’s seasonally adjusted trade surplus widened to DKK 35.3 billion in December 2025 from an upwardly revised DKK 31.6 billion in November. Exports rose 3.3% month-on-month to DKK 188.4 billion, driven by a 2.8% rise in goods exports and a 4% jump in services exports. Imports also increased by 1.5% to DKK 153.1 billion, supported by a 0.8% gain in goods imports and 2.3% rise in services imports. For full-year 2025, exports of goods and services increased by 3.4% to DKK 2,149 billion, while imports increased by 1.5% to DKK 1,805 billion. Denmark posted a full-year trade surplus of DKK 344.5 billion, up from DKK 299.7 billion in 2024.

Denmark’s seasonally adjusted trade surplus widened to DKK 28.8 billion in November 2025, from a downwardly revised DKK 27.6 billion in October. Exports grew 0.7% month-over-month to DKK 179.9 billion, led by a 2.8% rise in goods exports that more than offset a 2.4% decline in services exports. On the other hand, imports stalled at DKK 151.1 billion, with goods imports flat and services imports falling 0.1%. For the first eleven months of the year, Denmark posted a trade surplus of DKK 302.7 billion, up from DKK 292 billion over the same period in 2024.

Denmark’s seasonally adjusted trade surplus narrowed to DKK 28.1 billion in October 2025, from an upwardly revised DKK 34.1 billion in the previous month. Imports rose 0.8% month-on-month to DKK 150.2 billion, driven by a 1.9% increase in goods imports, which outweighed a 0.5% fall in services imports. Meanwhile, exports fell 2.6% to DKK 178.3 billion, as both goods (-3.8%) and services (-0.9%) exports declined. Considering the first ten months of the year, Denmark recorded a trade surplus of DKK 272.7 billion, up from DKK 264.9 billion in the same period of the previous year.