Danish Exports have overall declined over the last year due to the pandemic but new figures from Statistic Denmark show that exports are increasing for the second month in a row driven by higher sales to China and the United States.
Exports of goods and services increased by exactly 0.9 percent from January and it is especially the figures for exports that are one of many economic key figures closely followed by economists and politicians to measure the Danish economy.
According to Chief economist Jeppe Juul Borre at Arbejdernes Landsbank, the figures describe a positive progress. To local media BT, he says “Exports have started well in 2021 despite a period marked by high infection rates and partial closures in many of our trading countries.”
The business organization Dansk Industri notes that exports in the past year with closures and restrictions have fallen by DKK 117 billion. It is especially the export of services – including airlines and travel agencies – that is affected.