Denmark Sept. Trade Surplus Shrinks, Current Account Surplus Widens
(RTTNews) - Monday, the Statistics Denmark announced that the total trade surplus stood at DKK 3.4 billion in September, down from DKK 3.9 billion surplus in the previous month.
Exports dropped 21.2% year-on-year to DKK 40.2 billion in September, while imports fell 23.1% to DKK 36.8 billion.
On a monthly basis, exports and imports decreased by 4.5% and 3.8%, respectively in September.
The trade surplus, excluding ships, etc..amounted to DKK 4.6 billion in September, down from DKK 5.2 billion surplus in August. Exports dropped a seasonally adjusted 4.4% month-on-month to DKK 40.1 billion in September, while imports decreased 3.4% to DKK 35.5 billion. On an annual basis, exports decreased 20.8% in September, while imports dropped 22.5%.
Separately, the statistical office said, the current account deficit amounted to DKK 8.4 billion in September, up from DKK 6.6 billion surplus in the previous month. The current account surplus was DKK 8.8 billion a year ago.
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