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Danish exports lose more grounds


 




Monday, 18 July 2011
Denmark is also one of those small countries that must export or die given their very small in economy but as the Danish economy continues to crimple, it exports also continues to weaken further.
Danish Newspaper, Jyllands-Posten reports on the issue pointing to a new statistics from the EU statistical office Eurostat which show that Denmark in May lost grounds in the export arena compared to the overall share of EU exports in the world.


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Danish exports shrank by 1.8 percent to 2.4 percent of all the 27 EU countries' exports out of EU territory.
It is a continuation of a trend that has been going on since Europe began to move up from the bottom of the crisis.
Looking for example on German exports, it has grown by 24 percent since early 2009, while Danish exports have risen by 12 percent. One explanation is that we do not have such a firm hold of the big growth markets like China, while there is so much growth in the countries that Denmark exports most, namely the EU countries,” says economist Mira Lie Nielsen from the Danish Chamber of Commerce.
By Scancomark.se Team


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