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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
DenmarkDenmark Balance of Trade climbed to 33.8K in March 2026
FMPMonthlyReleased May 2026
Denmark Balance of Trade climbed to 33.8K in March 2026, released May 2026, up 8.6K from February's 25.2K reading. The print exceeded the 26.2K consensus by 7.6K. The print is running well above the 12-month average of 28.62K. Over the past 3 months, Balance of Trade averaged 26.7K, vs 30.73K in the prior 3-month window. The reading is in the 77th percentile of the trailing 24-month range.
Latest Release
33.8
Actual
26.2
Consensus
25.2
Previous
Median Absolute Error
±7.22 thousand
across last 12 releases
Last Call
May 2026
Predicted: 26.2
Actual: 33.8
Error: -7.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.56 | INDEX | Bullish S&P 500 | → View |
| DAX | ▲ Direct | +0.41 | INDEX | Bullish DAX | → View |
| FTSE 100 | ▲ Direct | +0.41 | INDEX | Bullish FTSE 100 | → View |
| XAU/USD | ▲ Direct | +0.40 | COMMODITIES | Bullish XAU | → View |
| Euro STOXX 50 | ▲ Direct | +0.39 | INDEX | Bullish Euro STOXX 50 | → 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 34 thousand in May 2026. This beat the market consensus of 26 thousand by 8 thousand. The reading rose from the previous value of 25 thousand. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 29 thousand, ranging from 22 thousand to 35 thousand across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 33 thousand, up from the prior three at 30 thousand. Volatility over the past year (σ 5 thousand) is lower than the prior year (σ 8 thousand). In May readings over the past 3 years, Balance of Trade has averaged 26 thousand.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 7 thousand.
WHAT TO WATCH NEXT
The next release is scheduled for June 9, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Mar 2026): actual 33.8 K, consensus 26.2 K. Prior reading (Feb 2026): 22.2 K. Before that (Jan 2026): 31.2 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish 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=0.56) — a useful reference for index-focused traders.