Danish Export Sector Rose in 2017
- Written by: Bridgewest
- Posted: 2017-10-12
Exports play a big role in the Danish economy which is why the government is considering expanding export activities. Moreover, the most recent analyses indicate a bright future for Danish companies in the trading industry which could increase their activities of 5.2% by the end of the year. Next year also looks good with a projected growth of 4.5%. Our law firm in Denmark can assist foreign entrepreneurs who want to start export business in this country.
Employment in Denmark depends on exports
Which is why the government is keen on seeing this industry succeed. According to the Foreign Ministry, exports will increase by 5.2% by the end of 2017, meaning a 32 billion kroner surplus to the Danish Gross Domestic Product (GDP), while the 4.5% growth of 2018 will bring 29 billion kroner to the economy.
The good results expected to be registered by Danish companies weigh high on the employment levels and the welfare of the population, as every fourth job depends on the export sector.
By the end of the year, export to European countries like Germany, Norway and Sweden and the US and China outside the European borders are expected to increase the most. Next year, the Netherlands is also forecast to contribute significantly to this growth.
Our lawyers in Denmark can assist with the registration of a trading company.
Denmark stakes on double energy exports
Denmark is a world leader in energy technology and with the new Paris Agreement into place, energy exports are expected to double starting with next year. In order to encourage companies, the government has already presented an export strategy which will help companies in Denmark.
The new strategy was developed under the umbrella of the existing Energy Law and will offer new solutions to Danish businesses interested in exporting energy.
If energy technology accounted for 70 billion kroner at the end of 2015, by the end of 2030, the government hopes to double this amount through this new strategy. Part of the strategy implies new export agreements with Germany, the UK, China, Mexico and the United States among other states. An extension of the State of Green support scheme is also on the government’s table.
For information on the Energy Law, please feel free to contact our Danish lawyers.