According to Statistics Denmark, exports continued the slightly increasing trend from 2025 in November. In the penultimate month of the year, Danish goods and services were sold for 179.9 billion kroner, when adjusted for seasonality and calculated in current prices. This corresponds to exports increasing by 0.7 percent in November.
Over the past three months, exports have increased by 1.0 percent despite the fact that the United States - our largest buyer of goods and services - bought 1.3 billion kroner less in November than in October. This is probably due to the increased basic tariff rate of 15 percent on goods from the EU, which was introduced by the USA on August 1.
- Part of the explanation is the new higher import tariffs, but it also plays a crucial role that growth in the US economy has slowed down and that the pharmaceutical industry's exports are affected by increased competition in the market for weight loss drugs, assesses Tore Stramer, chief economist at the Confederation of Danish Industry.
DI chief economist expects continued increase
Allan Sørensen, chief economist at the Confederation of Danish Industry, expects that total exports will continue to increase in the new year, but will also be challenged. This is due, among other things, to competition from China, the American customs wall and a Europe that is not yet in gear.
However, a survey among DI's members shows that 63 percent of the export companies in the interest organization's Business Panel expect increased turnover this year.
If you look at the balance of payments, which says something about the relationship between goods, services and income that flow into and out of Denmark, there is still a solid surplus.
There was a plus of 33.6 billion kroner in November. This is mainly due to goods that do not cross the Danish border, but are produced by Danish companies abroad and sold abroad.
/ritzau/
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
