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Denmark Oct. Trade Surplus Narrows

Wednesday, the Statistics Denmark announced that the seasonally adjusted trade surplus stood at DKK 3.6 billion in October, down from DKK 6 billion surplus in the previous month.

Exports dropped 16% year-on-year to DKK 40.5 billion in October, while imports fell 21% to DKK 36.9 billion.

On a monthly basis, exports dropped 1.3% and imports increased 5.3% in October.

Meanwhile, the trade surplus, excluding ships, etc..amounted to DKK 6.9 billion in October, down from DKK 7.2 billion surplus in September. On a monthly basis, exports and imports decreased by 1.2% and 0.6%, respectively in October. Year-on-year, exports decreased 15.8% in October, while imports dropped 26.9%.

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