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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
DenmarkDenmark Balance of Trade fell to 31.2K in August 2026
FMPMonthlyReleased October 2026
Denmark Balance of Trade fell to 31.2K in August 2026, released October 2026, down 7.7K from July's 38.9K reading. The reading missed the 36.2K consensus by 5.0K. Year-over-year, the indicator is up 9K. Over the past 3 months, Balance of Trade averaged 34.6K, vs 31.83K in the prior 3-month window. The reading is in the 58th percentile of the trailing 24-month range.
Latest Release
31.2
Actual
36.2
Consensus
38.9
Previous
Median Absolute Error
±7.2 thousand
across last 12 releases
Last Call
Oct 2026
Predicted: 38.75
Actual: 31.2
Error: +7.55
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Balance of Trade (Denmark) was reported at 31 thousand in October 2026. This missed the market consensus of 36 thousand by 5 thousand. The reading fell from the previous value of 39 thousand. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 32 thousand, ranging from 28 thousand to 41 thousand across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 33 thousand, up from the prior three at 32 thousand. Volatility over the past year (σ 4 thousand) is lower than the prior year (σ 8 thousand). In October readings over the past 3 years, Balance of Trade has averaged 27 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). 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 November 9, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Aug 2026): actual 31.2 K, consensus 36.2 K. Prior reading (Jul 2026): 40.5 K. Before that (Jun 2026): 28.7 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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.51) — a useful reference for crypto-focused traders.
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