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Denmark trade surplus grows in Nov.

Denmark trade surplus grows in Nov.

COPENHAGEN: Denmark’s foreign trade surplus increased in November, as exports rose and imports fell, figures from Statistics Denmark showed.
The seasonally adjusted trade surplus, excluding ship and airplanes, rose to DKK 5.7 billion from DKK 4.4 billion in October.
Exports climbed at a faster pace of 1.0 percent month-over-month in November, following a 0.4 percent rise in the prior month.
At the same time, imports dropped 1.6 percent in November, reversing a 1.7 percent spike a month earlier.
Shipments to Netherlands grew the most by 15.0 percent in November, followed by Italy with 9.6 percent gain. Imports from the United Kingdom plunged 13.6 percent and arrivals from EU edged down by 0.1 percent.
On an annual basis, exports slid 0.2 percent in November, while imports went up by 2.1 percent.
In a separate report, the statistical office announced that country’s current account surplus rose to DKK 11.9 billion in November from DKK 10.1 billion in the preceding month.