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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
DenmarkDenmark Balance of Trade climbed to 28.7K in June 2026
FMPMonthlyReleased August 2026
Denmark Balance of Trade climbed to 28.7K in June 2026, released August 2026, up 2.9K from May's 25.8K reading. The reading matched the 29K consensus. Balance of Trade has now declined for 4 consecutive months. Over the past 3 months, Balance of Trade averaged 30.85K, vs 29.07K in the prior 3-month window. The reading is in the 40th percentile of the trailing 24-month range.
Latest Release
28.7
Actual
29
Consensus
25.8
Previous
Median Absolute Error
±6.29 thousand
across last 12 releases
Last Call
Aug 2026
Predicted: 29.8
Actual: 28.7
Error: +1.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.44 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.38 | COMMODITIES | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.32 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.31 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Denmark) was reported at 29 thousand in August 2026. This missed the market consensus of 29 thousand by 0 thousand. The reading rose from the previous value of 26 thousand. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 30 thousand, ranging from 22 thousand to 35 thousand across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 30 thousand, down from the prior three at 33 thousand. Volatility over the past year (σ 3 thousand) is lower than the prior year (σ 7 thousand). In August readings over the past 3 years, Balance of Trade has averaged 25 thousand.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 6 thousand.
WHAT TO WATCH NEXT
The next release is scheduled for September 8, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Balance of Trade - DK
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About Balance of Trade — Denmark
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 28.7 K, consensus 29 K. Prior reading (May 2026): 28.9 K. Before that (Apr 2026): 32.8 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.44) — a useful reference for index-focused traders.
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Economic Calendar - DK Events
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DK | GDP Growth Rate QoQ | 1.5 | 0.2 | 1.00 | Low | |
| 06:00 | DK | GDP Growth Rate YoY | 6.2 | 4.6 | 6.05 | Low | |
| Friday, August 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | DK | Consumer Confidence | -14.7 | -16 | -16.20 | Low | |
| 06:00 | DK | Business Confidence | 99.2 | 98 | 95.00 | Low | |