Halt to export growth
The month of April showed a pronounced decline in Danish exports even though the preceding month offered major increases. Denmark has problems catching up with the exports that have been lost since the start of the recession in the autumn of 2008, and the reason is undoubtedly a poorer competitiveness, according to DI.
Danish exports decreased considerably in April after an extraordinary increase in March. The goods exports fell by 11 percent from March thru April, according to a new release from Statistics Denmark. The general tendency, however, is still weak advances in Danish exports but less pronounced than the March statistics indicated.
DI Economic Adviser Allan Sørensen is in no doubt about the reason why Danish exports, in particular, have problems getting back into gear:
“Our competitiveness has been reduced over a number of years. The consequence is now that it is harder to win the favour of other countries and the coveted export orders. We are losing market share and it can turn out to be very difficult to win back,” he says