Denmark is the 38th largest export economy in the world and the 19th most complex economy. Denmark exported $83.2B, making it the 38th largest exporter in the world. Denmark imported $84.4B, making it the 36th largest importer in the world. European Union has provided its approval to a plan that has been brought about in order to rescue Danish exporters from aftereffects of global financial crises. As per this plan insurance cover would be provided in case of export credit.
Imports to Denmark fell 5.5 percent from a year earlier to DKK 50.7 billion in June 2019, led by lower purchases of manufactured goods classified chiefly by material (-7.5 pct); chemicals & related products (-6.7 pct); miscellaneous manufactured articles (-1.8 pct); and live animals, food, beverages & tobacco (-0.9 pct). Conversely, purchases increased for both machinery (2.6 pct) and transport equipment (1.0 pct). Imports in Denmark averaged 20348.75 DKK Million from 1960 until 2019, reaching an all time high of 60685.70 DKK Million in April of 2018 and a record low of 915 DKK Million in September of 1960.
Imports in Denmark is expected to be 51800.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Denmark to stand at 54800.00 in 12 months time. In the long-term, the Denmark Imports is projected to trend around 54500.00 DKK Million in 2020
Denmark imported mainly: machinery (22 percent of total imports); miscellaneous manufactured articles (18 percent); manufactured goods classified chiefly by material (14 percent); live animals, food, beverages and tobacco (13 percent); chemicals and related products (13 percent); transport equipment (9 percent); and mineral fuels, lubricants and related materials (6 percent). Main import partners were: Germany (23 percent of total imports), Sweden (12 percent), the Netherlands and China (8 percent each), the UK (4 percent), France and Norway (3 percent each)
Exports from Denmark decreased 2.7 percent year-on-year to DKK 57.9 billion in June 2019, dragged down by sales of machinery (-5.4 pct); transport equipment (-6.4 pct); crude materials inedible except fuels -8.6 pct); miscellaneous manufactured articles (-6.2 pct), and live animals, food, beverages & tobacco (-3.6 pct). By contrast, sales of chemicals & related products increased (3.7 pct). Exports in Denmark averaged 22143.28 DKK Million from 1960 until 2019, reaching an all time high of 64126.50 DKK Million in March of 2017 and a record low of 771 DKK Million in May of 1961.
Exports in Denmark is expected to be 58400.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Denmark to stand at 63200.00 in 12 months time. In the long-term, the Denmark Exports is projected to trend around 58000.00 DKK Million in 2020
Denmark’s principal exports were: machinery (23 percent of total exports); chemicals and related products (21 percent); live animals, food, beverages and tobacco (19 percent); miscellaneous manufactured articles (16 percent); manufactured goods classified chiefly by material (9 percent); and mineral fuels, lubricants and related materials (5 percent). Danish major export partners were Germany (16 percent of total imports), Sweden (10 percent), the UK, the Netherlands and France (8 percent each), Norway (6 percent), the US (5 percent), and China and Russia (4 percent each).
