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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade–positions ÷ goods, both directions
Financial positions, both directions99.6USD bn
Goods, both directions–Below the backbone of 1,500 flows

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.

SinceFinland → DenmarkDenmark → Finlandother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnApr 2026 · – / 2.3035Bank claims · quarterly · USD bnQ2 2026 · 18.1 / 30.9050100Portfolio holdings · half-yearly · USD bnDec 2025 · 24.8 / 15.202550Direct investment · annual · USD bn2024 · 7.6 / 3.00510Finance to trade · quarterly, positions both ways ÷ goods both waysQ4 2025 · 36×0.0×25×50×20062008201020122014201620182020202220242026
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 Finland → Denmark

Aug 2025–Jul 2026

exports of Finland to Denmark, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
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 Denmark → Finland

Aug 2025–Jul 2026

exports of Denmark to Finland, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
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.

Finland → Denmark

Q2 2026

loans and deposits of banks in Finland on residents of Denmark

Position18.1USD bn
Flow in the quarter+2.2USD bnas published by the BIS
Sources

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

Denmark → Finland

Q2 2026

loans and deposits of banks in Denmark on residents of Finland

Position30.9USD bn
Flow in the quarter+17.5USD bnas published by the BIS
Sources

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

Finland → Denmark

Q4 2025

securities issued in Denmark held by investors in Finland

Total24.8USD bn
Equity8.4USD bn
Debt securities16.5USD bn
Sources

Holder to issuer, Q4 2025.

Denmark → Finland

Q4 2025

securities issued in Finland held by investors in Denmark

Total15.2USD bn
Equity9.1USD bn
Debt securities6.1USD bn
Sources

Holder to issuer, Q4 2025.

Finland → Denmark

2024

position of investors in Finland in Denmark

Position7.6USD bn
Reportthe host’s
Sources

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

Denmark → Finland

2024

position of investors in Denmark in Finland

Position3.0USD bn
Reportthe host’s
Sources

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