Trade Balance of Goods in Denmark: Overview from 2017 to 2023

Denmark experienced a fluctuating yet predominantly positive trade balance from 2017 to 2023. The surplus reached 12,892.3 million USD in 2019, reflecting strong exports in pharmaceuticals, machinery, and food products. However, the trade balance declined significantly to 3,452.5 million USD in 2022, likely impacted by rising energy import costs during the European energy crisis.

By 2023, Denmark’s surplus rebounded to 9,978.0 million USD, supported by recovery in key export sectors and declining energy prices. The data highlights Denmark's resilience in maintaining a positive trade balance through its diversified and high-value export portfolio, despite external economic pressures.