FX.co ★ Denmark’s Trade Surplus Narrows to 31.2B in January 2026

Denmark’s trade surplus declined at the start of the year, with the balance narrowing to 31.2B in January 2026, down from 35.3B recorded in December 2025. The latest figures indicate a moderation in Denmark’s external position after a stronger year-end performance.

The shift suggests either softer export activity, stronger import demand, or a combination of both compared with the previous month, though specific drivers were not disclosed in the data provided. The January 2026 reading nonetheless remains firmly in surplus territory, underscoring Denmark’s continued strength in foreign trade.

The updated trade balance data, released on 11 March 2026, will be closely watched by market participants and policymakers as they assess the momentum of Denmark’s external sector heading further into 2026.