Denmark’s trade surplus increased in March as exports rose at a faster rate than imports, a report from Statistics Denmark showed Monday.
The seasonally adjusted trade surplus, excluding ships and airplanes, rose to DKK 8.5 billion from DKK 6.8 billion in February.
Exports, excluding ships and airplanes, increased 7.1 percent from the previous month, reversing the 0.4 percent decline in February. Shipments of raw materials, food, beverages, tobacco, chemical and chemical products, and finished goods each recorded a double-digit growth.
Dispatches to countries outside the European Union grew by 15.4 percent, while exports to EU countries rose by 1.9 percent. Exports to the US jumped 19.1 percent and those to China surged by 52 percent.
Imports, excluding ships and airplanes, increased 4.6 percent month-on-month in March, following the 3.3 percent rise in February. Imports of fuel and lubricants grew 11.5 percent and that of chemicals and chemical products rose 7.4 percent.
Arrivals from countries outside the EU increased by 6 percent, while imports from EU rose by 4.1 percent. Imports from the US jumped 20.7 percent and that from China accelerated by 20.9 percent.
A separate report from Statistics Denmark showed that the country’s seasonally adjusted current account surplus rose to DKK 12.4 billion in March from DKK 11.9 billion in the previous month.
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