Danish Trade Surplus Widens in March

Denmark’s seasonally adjusted trade surplus widened to DKK 33.8 billion in March 2026 from an upwardly revised DKK 25.2 billion in the previous month. Exports increased 8.1% month-on-month to DKK 189.6 billion, reflecting increases in both goods (8.5%) and services (7.5%). Meanwhile, imports rose at a slower 3.7% pace to DKK 155.7 billion, supported by higher purchases of goods (4.3%) and services (3.0%). For the first quarter of 2026, total exports fell 0.9%, while imports stood at 0%.

Denmark’s seasonally adjusted trade surplus narrowed to DKK 22.2 billion in February 2026 from a downwardly revised DKK 29.4 billion in the previous month, marking the lowest surplus since May 2025. Exports declined 3.7% month-on-month to DKK 167.9 billion, reflecting contractions in both goods (-3.1%) and services (-4.6%). Total exports of goods and services to the US stood at DKK 25 billion, down DKK 0.7 billion from January. Exports of goods decreased by DKK 1 billion to DKK 17 billion, while services exports rose by DKK 0.3 billion to DKK 8 billion. Meanwhile, imports edged up 0.5% to DKK 145.7 billion, supported by higher imports in services (2.2%), even as goods imports declined (-1%). Over the past three months, exports fell 2.6%, while imports decreased 1.1%.

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%.