Few companies account for a very large part of Danish exports

in Particular, the pharmaceutical industry seems to contribute large to the surplus on the Danish balance of payments. Five of Denmark's largest companies st

Few companies account for a very large part of Danish exports

in Particular, the pharmaceutical industry seems to contribute large to the surplus on the Danish balance of payments.

Five of Denmark's largest companies stands almost alone for the whole of the Danish surplus on the balance of payments.

according to an analysis from Statistics Denmark, which has looked at how the Danish industrial enterprises contributes to the current account surplus.

the balance of Payments covers the difference in the trade of goods and services with foreign countries. If there is a surplus on the balance of payments, it will say that exports out of Denmark has been greater than imports.

Overall, contributed all of the Danish industrial enterprises in 2018 with 297 billion kroner to the Danish betalingsoverskud.

Out of the amount came 145 billion alone from five companies. It corresponded roughly to the overall surplus on the Danish balance of payments, which went on to 158 billion crowns.

- Statistic Denmark does not publish what it is for corporations. They mention not which industries the companies are working within, says Morten Granzau Nielsen, vice president of the Danish Industry.

Together with colleagues in the country's largest business organization is that in other contexts have been looked at, which Danish companies in particular have a large global presence.

In this context, he mentions the pharmaceutical industry as one of the industries, there are very present globally.

- We also have a number of companies such as Grundfos, Danfoss and Vestas, which is really big globally, and which, in principle, can be among some of the five companies.

- But we do not know with certainty, says Morten Granzau Nielsen.

He believes that there is reason to rejoice that there are some Danish companies that are so big and so global that they can play in the fight against big international companies.

- But it does make us, of course, also quite vulnerable, in the event that the companies are being hit by the headwind, or if they begin to place more of their business in other places than in Denmark, he says.

According to Statistics Denmark, one part of the industrivirksomhedernes contribution to the current account surplus from exports of goods, of which an increasing part never crosses the Danish border, because the goods produced abroad.

/ritzau/

Updated Date: 29 November 2019, 19:00

You need to login to comment.

Please register or login.

RELATED NEWS