Denmark Trade Surplus Rises In April

Denmark’s trade surplus increased in April as exports fell at a slower rate than imports, a report from Statistics Denmark showed Tuesday.

The seasonally adjusted trade surplus, excluding ships and airplanes, rose to DKK 9.3 billion from DKK 8.9 billion in March.

Exports, excluding ships and airplanes, fell 5.6 percent in April, reversing the 8.4 percent increase in March. The declines in shipments of raw materials, food, beverages, tobacco, chemical and chemical products, manufactured goods, and finished goods, offset the growth in transportation and fuel and lubricants.

Dispatches to countries outside the European Union fell by 12.6 percent and exports to EU countries dropped by 0.5 percent. Exports to the U.S. dropped 29.4 percent and those to China declined by 9.3 percent. However, exports to the Netherlands jumped by 48.5 percent and that to Germany grew 11.5 percent.

Imports, excluding ships and airplanes, decreased 7.3 percent, following the 5.2 percent rise in March. Declines were recorded in all product groups.

Arrivals from countries outside the EU fell by 11.5 percent and imports from the EU declined by 5.5 percent. Imports from the US decreased 7.7 percent and that from China dropped by 43.1 percent. However, imports from Norway grew 10.2 percent.

A separate report from Statistics Denmark showed that the country’s seasonally adjusted current account surplus declined to DKK 6.1 billion in April from DKK 13.6 billion in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com

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