Denmark’s seasonally adjusted goods and services trade surplus narrowed to DKK 23.4 billion in May 2025 from a downwardly revised DKK 27.2 billion in the previous month. This marked the lowest surplus since May 2024, as exports fell by 0.8% month-on-month to DKK 172.9 billion, weighed down by the decline in goods exports (-1.2%) and services exports (-0.1%). On the other hand, imports rose by 1.7% to DKK 149.6 billion, supported by the increase in goods imports (2.7%) and services imports (0.6%). For the first five months of the year, the country posted a DKK 121.5 billion surplus, widening from DKK 103.1 billion in the same period of 2024.