Denmark Trade Surplus Narrows in May

Denmark’s seasonally adjusted trade surplus narrowed to DKK 28.9 billion in May 2026 from a downwardly revised DKK 29.2 billion in April. Exports ticked up to 1.3% month-over-month to DKK 189.3 billion, as a 5.8% increase in services exports more than offset a 1.6% decline in goods exports. Imports climbed 1.8% to DKK 160.4 billion, driven by a 5.7% rise in goods imports despite a 2.5% decrease in services imports. For the January-May of 2026, Denmark recorded a trade surplus of DKK 144.4 billion, up from DKK 124.4 billion over the same period in the previous year.

Denmark’s seasonally adjusted trade surplus widened to DKK 32.8 billion in April 2026 from a downwardly revised DKK 31.4 billion in March. Exports edged up 0.4% month-over-month to DKK 188.9 billion, led by a 3.3% rise in services exports more than offset a 1.5% decline in goods exports. Meanwhile, imports fell 0.4% to DKK 156.1 billion, reflecting a 1.7% drop in goods imports despite a 1.0% rise in services imports. For the first four months of 2026, Denmark recorded a trade surplus of DKK 114.9 billion, up from DKK 100.1 billion over the same period in the previous year.

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%.