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Denmark trade surplus rises in February

Staff writer |
Denmark's merchandise trade surplus increased in February from the previous month, as exports grew faster than imports, figures from Statistics Denmark showed.

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The external trade surplus, excluding ships and aircraft, rose to a seasonally adjusted DKK 8.7 billion from DKK 7 billion in January. Exports grew 4.9 percent month-on-month, driven by higher demand for oil from the U.S. and the U.K. In January, exports increased 1.4 percent.

Imports rose 1.9 percent, following a 2.7 percent slump in January.

Separately, the statistical office announced that the current account surplus widened to DKK 9.5 billion from DKK 7.9 billion in January. A year ago, the surplus was DKK 6.4 billion.


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