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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Denmark and France, each channel at its own period. Left, Denmark to France; right, France to Denmark.

Finance to trade

positions ÷ goods, both directions
Finance to trade12×positions ÷ goods, both directions
Financial positions, both directions105USD bn
Goods, both directions8.8USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceDenmark → FranceFrance → Denmarkother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 4.0 / 4.80510Bank claims · quarterly · USD bnQ2 2026 · 10.1 / 16.502550Portfolio holdings · half-yearly · USD bnDec 2025 · 37.6 / 25.102550Direct investment · annual · USD bn2024 · 7.6 / 8.201020Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 12×0.0×13×25×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Denmark → France

Aug 2025–Jul 2026

exports of Denmark to France, 12 months

Exports, 12 months4.0USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods France → Denmark

Aug 2025–Jul 2026

exports of France to Denmark, 12 months

Exports, 12 months4.8USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Denmark → France

Q2 2026

loans and deposits of banks in Denmark on residents of France

Position10.1USD bn
Flow in the quarter−0.5USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

France → Denmark

Q2 2026

loans and deposits of banks in France on residents of Denmark

Position16.5USD bn
Flow in the quarter+0.9USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Denmark → France

Q4 2025

securities issued in France held by investors in Denmark

Total37.6USD bn
Equity18.7USD bn
Debt securities18.9USD bn
Sources

Holder to issuer, Q4 2025.

France → Denmark

Q4 2025

securities issued in Denmark held by investors in France

Total25.1USD bn
Equity8.2USD bn
Debt securities16.9USD bn
Sources

Holder to issuer, Q4 2025.

Denmark → France

2024

position of investors in Denmark in France

Position7.6USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

France → Denmark

2024

position of investors in France in Denmark

Position8.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.