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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade3.0×positions ÷ goods, both directions
Financial positions, both directions28.9USD bn
Goods, both directions9.5USD 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 → ItalyItaly → Denmarkother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 4.5 / 5.00510Bank claims · quarterly · USD bnQ2 2026 · 0.2 / 0.4011Portfolio holdings · half-yearly · USD bnDec 2025 · 10.7 / 7.601020Direct investment · annual · USD bn2024 · 1.7 / 8.30510Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 3.0×0.0×2.5×5.0×20062008201020122014201620182020202220242026
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 → Italy

Aug 2025–Jul 2026

exports of Denmark to Italy, 12 months

Exports, 12 months4.5USD bnreported
1.40importer’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 Italy → Denmark

Aug 2025–Jul 2026

exports of Italy to Denmark, 12 months

Exports, 12 months5.0USD bnreported
1.00importer’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 → Italy

Q2 2026

loans and deposits of banks in Denmark on residents of Italy

Position0.2USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

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

Italy → Denmark

Q2 2026

loans and deposits of banks in Italy on residents of Denmark

Position0.4USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

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

Denmark → Italy

Q4 2025

securities issued in Italy held by investors in Denmark

Total10.7USD bn
Equity4.1USD bn
Debt securities6.6USD bn
Sources

Holder to issuer, Q4 2025.

Italy → Denmark

Q4 2025

securities issued in Denmark held by investors in Italy

Total7.6USD bn
Equity2.0USD bn
Debt securities5.6USD bn
Sources

Holder to issuer, Q4 2025.

Denmark → Italy

2024

position of investors in Denmark in Italy

Position1.7USD bn
Reportthe host’s
Sources

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

Italy → Denmark

2024

position of investors in Italy in Denmark

Position8.3USD bn
Reportthe host’s
Sources

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