Danish Current Account Narrows in January

Denmark’s seasonally adjusted current account surplus narrowed to DKK 35.4 billion in January 2026 from a downwardly revised DKK 39.7 billion in the previous month. The goods account surplus decreased to DKK 26.8 billion from DKK 31.8 billion, weighed down by a 6.5% drop in exports. At the same time, the primary income surplus shrank to DKK 6.9 billion to DKK 8 billion in December 2025. In contrast, the services account surplus widened to DKK 4.4 billion from DKK 3.4 billion, while the secondary income deficit also narrowed, declining to DKK 0.6 billion from DKK 1.5 billion.

Denmark’s seasonally adjusted current account surplus widened to DKK 40 billion in December 2025 from an upwardly revised DKK 35.8 billion in November. This marked the largest surplus on record, as the goods account surplus increased to DKK 33.2 billion from DKK 30.7 billion, supported by a 2.8% rise in exports. At the same time, the services account surplus expanded to DKK 2.1 billion from DKK 0.9 billion, while the primary income surplus grew to DKK 8.1 billion from DKK 7.4 billion. Meanwhile, the secondary income deficit widened slightly to DKK 3.4 billion from DKK 3.2 billion. For the full year, Denmark posted a current account surplus of DKK 390.6 billion, up from DKK 356.9 billion in the corresponding period last year.

Denmark’s seasonally adjusted current account surplus widened to DKK 33.6 billion in November 2025 from a downwardly revised DKK 31.8 billion in October. The goods account surplus increased to DKK 28.2 billion from DKK 25.2 billion, as exports rose 2.8%, while imports recorded a flat reading. Additionally, the primary income surplus expanded to DKK 7.7 billion from DKK 7.2 billion in the previous month. On the other hand, the services account surplus decreased to DKK 0.7 billion from DKK 2.4 billion, while the secondary income deficit remained steady at DKK 3 billion, unchanged from October. In the January to November period, Denmark posted a current account surplus of DKK 341.1 billion, slightly down from DKK 341.6 billion in the corresponding period last year.