Danish exports have been weak and had dropped 3.7 percent in the first quarter of 2016 on a year-on-year basis. Very weak trade growth globally in 2015 was one of the reasons for weak exports in Denmark.
The nation’s shipping exports declined significantly, whereas other services exports grew in 2015. Exports of Danish goods have also been subdued, partly because of considerable slowdown of energy exports in the beginning of 2016, said Danske Bank in a research report.
In the second half of last year, Danish manufactured goods’ exports were weak; however, they seem to be rebounding again. Actually, global trade has been performing weakly as compared to the global economic growth. Earlier, 1 percent of economic global growth would stimulate global trade by further 2 percent.
In recent years, trade-heavy European economies have been growing quite slowly; therefore, global trade might recover as the European economies gather some momentum in the future, according to Danske Bank. Danish exports are thus likely to recover slightly.
