International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark
XTNTVA01DKM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
821,706,400.00
Year-over-Year Change
-5.09%
Date Range
1/1/1957 - 3/1/2024
Summary
The 'International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark' series measures Denmark's trade balance in goods, a key indicator of the country's international economic performance and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the difference between Denmark's exports and imports of merchandise goods, such as agricultural products, raw materials, and manufactured items. It provides insight into Denmark's trade dynamics and current account position within the global economy.
Methodology
The data is compiled by Statistics Denmark based on customs declarations and surveys of Danish businesses.
Historical Context
Policymakers and analysts use this trade balance metric to assess Denmark's economic health and external sector developments.
Key Facts
- Denmark has run a consistent trade surplus since the 1990s.
- Manufacturing exports are a key driver of Denmark's trade balance.
- Fluctuations in the trade balance can impact Denmark's GDP growth.
FAQs
Q: What does this economic trend measure?
A: This series measures Denmark's trade balance in goods, tracking the difference between the country's exports and imports of merchandise.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a crucial indicator of Denmark's international economic performance and competitiveness, providing insight into the country's trade dynamics and current account position.
Q: How is this data collected or calculated?
A: The data is compiled by Statistics Denmark based on customs declarations and surveys of Danish businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trade balance metric to assess Denmark's economic health and external sector developments.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by Statistics Denmark, with potential lags or revisions depending on the availability of source information.
Related Trends
Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Denmark
PITGCD02DKQ661N
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for Denmark
LREMTTFEDKA156S
Consumer Price Index: Education (COICOP 10): Total for Denmark
DNKCP100000GPM
National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Denmark
DNKGFCFQDSMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Denmark
LRHUADFEDKM156S
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Denmark
LFHUADMADKA647N
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark (XTNTVA01DKM667S), retrieved from FRED.