Exports reach new heights in July

Danish exports reached 202.7 billion kroner in July after seasonal adjustment, setting a record for a single month. The latest figures mark a sharp turnaround after declining exports in January and February.

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Exports have come through 2026 well despite global uncertainty and rising inflation worldwide.

Exports have risen 6.4% overall in recent months, with growth spread across both goods and services. Goods exports increased 4.5%, while services exports grew 3.3%.

The figures are encouraging despite global uncertainty and rising inflation worldwide, said Allan Sørensen, chief economist at the Confederation of Danish Industry. He said exports began the year with a major fall in sales to the United States and China, but sales increased through the summer.

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Exports began the year with a major decline in sales to the United States and China, but sales increased through the summer and into the summer months.

Shipping has played a particularly important role in the recent performance. Kristian Skriver, head of macroeconomics at the Danish Chamber of Commerce, said shipping and rising freight rates had driven the “enormous export growth” of the past three months. Shipping alone accounted for about two-thirds of the increase during that period.

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It is shipping and rising freight rates that have secured the enormous export growth of the past three months.