Denmark balance of trade

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Denmark balance of trade: 20075.8 (-7.53%)
Last Update: May 31, 2024

Denmark balance of trade closed down 20075.8 as of May 31, 2024 from 21711.1 from the previous month and 18777.9 from last year.


Denmark balance of trade Analytics & Data




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Denmark balance of trade

DateValues
2024-05-31 20075.8
2024-04-30 21711.1
2024-03-31 19789.4
2024-02-29 25028.3
2024-01-31 21164.8
2023-12-31 25449.5
2023-11-30 22572.2
2023-10-31 13881.1
2023-09-30 10175.5
2023-08-31 15793.1
2023-07-31 17426.4
2023-06-30 19684.1
2023-05-31 18777.9
2023-04-30 23897.3
2023-03-31 24100.7
2023-02-28 24573
2023-01-31 28443
2022-12-31 31464
2022-11-30 11777
2022-10-31 23568
2022-09-30 29090
2022-08-31 32160
2022-07-31 34412
2022-06-30 27300

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Denmark balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradedk.balanceoftrade20075.821711.1-87UPUP422024-05-31

Denmark balance of trade Factors

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Denmark balance of trade Historical Data

The MacroVar database offers free access to historical data for the Denmark balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Denmark balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Denmark balance of trade

Denmark's balance of trade refers to the difference between the value of its exports and imports of goods and services. A positive balance of trade occurs when a country exports more than it imports, resulting in a surplus. Conversely, a negative balance of trade occurs when a country imports more than it exports, resulting in a deficit. Denmark has historically maintained a positive balance of trade, as it is a major exporter of goods such as pharmaceuticals, machinery, and food products. This surplus has helped to boost the country's economy and contribute to its overall prosperity. Additionally, Denmark's strong trade relationships with other countries have helped to diversify its export markets and mitigate potential risks associated with fluctuations in global demand.

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