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After closure and drastic decline: Sales abroad are slowly rising again

Denmark

Denmark’s exports of goods increase for the second month in a row, new figures show.

During the summer, the wheels have gradually started to roll again when it comes to Denmark’s imports and exports of goods.

This is the figures from Statistics Denmark for June.

– Exports of goods rose 2.2 percent in June, and imports rose 3.1 percent, the statistics office writes.

Not out of the crisis yet

Although exports of goods have been rising in the last two months, trade with foreign countries has fallen by 6.9 per cent in the last three months compared with the first three months of this year, the figures show.

According to chief economist at Danske Bank Las Olsen, the figures must be seen in the light of the fact that it is especially exports to EU countries such as Germany and the United Kingdom that have been hit hard.

– Many Danish companies are subcontractors to, for example, the car industry, which has been hit hard by shutdowns, but now it is quietly moving forward again, reads a comment from the chief economist.

Søren V. Kristensen, chief economist at Sydbank, is also concerned about the Danish industrial export companies.

– Here we are to a greater extent dependent on the other economies getting back in gear. In many cases, these will be economies that have so far not escaped as graciously through the crisis as the Danish economy. It can prolong the crisis significantly for industry and export companies compared to other parts of the economy, says Søren V. Kristensen.

READ FULL STORY HERE:

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