Danish Trade Surplus Narrows in January

Denmark’s seasonally adjusted trade surplus narrowed to DKK 31.2 billion in January 2026 from a downwardly revised DKK 35.2 billion in the previous month. Exports fell 5.9% month-on-month to DKK 176.8 billion, due to declines in both goods (-6.5%) and services (-5.0%) exports. Imports dropped 4.7% to DKK 145.6 billion, reflecting lower imports of goods (-2.9%) and services (-6.7%). Over the past three months, total exports rose 0.9%, while imports decreased 0.5%.

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.