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    Analyses: How big are Danish exports and who are our main trading partners?

    In recent decades it has become more common to produce goods across national borders. Increasing globalisation challenges our understanding of what a country's exports encompass and what different statistical measures of exports show., Previously, different export statistics provided a fairly similar picture of Denmark’s exports and trading partners. However, an increasing proportion of Danish exported goods never crosses Danish borders, and that has resulted in increasing differences across the various export statistics. This analysis describes Danish exports and trading partners, based on the different export statistics., Main conclusions:, Danish exports in goods are largest when measured in Denmark’s balance of payments, where the sale of goods that have never crossed Danish borders are included as exports. Today, around a sixth of the total Danish export of goods takes place outside of Danish borders., Only goods which have crossed the Danish border are classified as exports in the international trade in goods statistics which implies that the export of goods appears lower here than in the balance of payments., Exports appear lowest when measured by Danish value added, as these calculations discount the value of the imports included in the production of the exported goods and services. Estimates from an Input-Output model in Statistics Denmark suggest that imported contents in exported goods and services constitute nearly half of the total value. , Regardless of the type of export statistics, Germany is Denmark’s most important export market., On the basis of goods which cross the Danish border, the US is Denmark’s sixth largest export market. When goods sold outside Denmark’s border are taken into account, the US is Denmark’s third largest export market., Looking at the final markets for the part of exports resulting from production in Denmark the US is the second largest export market as measured by Danish value added according to estimates in an OECD international Input-Output model., Get as pdf, How big are Danish exports and who are our main trading partners?, Colophone, How big are Danish exports and who are our main trading partners?, Subject group: Economy, Released: 5 March 2018 08:00, No. 2018:4, ISSN pdf: 2446-0354, Contact:, Mads Møller Liedig, Telephone: +45 40 12 97 72

    Analysis

    Analyses: The global organisation of industrial groups has an impact on the measurement of Danish production and income

    The way in which Danish enterprises choose to organise their production and sales in the global economy impacts whether it is reflected as domestic production and value added (GDP) or only as income (GNI) in the national accounts. When Danish enterprises sell products abroad, the activities are included in Danish GDP, whereas income based on sales via subsidiaries abroad is only included in GNI. In this way, the choice of sales channel impacts the statistics on Danish production and income., This analysis describes the global set-up of Danish industrial groups and their impact on the Danish economy. Focus is on the close correlation between Danish exports and in-come from subsidiaries abroad. The analysis is an extension of a Statistics Denmark analysis from 2016 dealing with goods exports outside Denmark by Danish manufactu¬ring enterprises. Income data from the central bank of Denmark, Nationalbanken, has allowed us to further document the importance of the industrial groups to the Danish economy., Main conclusions:, The industrial groups are important to the Danish economy; they export goods and services produced in Denmark or abroad and receive income from subsidiaries abroad. , In 2016, Danish industrial groups’ sale abroad of goods not crossing the Danish border accounted for almost a third of their total sale of goods abroad of DKK 524 billion., The income from subsidiaries of DKK 42.1 billion accounts for approximately one third of total earnings from Danish industrial groups’ manufacturing activities abroad. These ear-nings could have been counted as exports had the group chosen a different role for the production taking place in subsidiaries abroad., In 2016, the industrial groups’ activities abroad accounted for approximately 6 per cent of the Danish gross national income (GNI) and approximately 4 per cent of the gross domestic product (GDP).,  , This is a translation of an analysis previously published in Danish 1 October 2018. See the analysis , here., Get as pdf, The global organisation of industrial groups has an impact on the measurement of Danish production and income, Colophone, The global organisation of industrial groups has an impact on the measurement of Danish production and income, Subject group: Economy, Released: 27 May 2019 08:00, No. 2019:7, ISSN pdf: 2446-0354, Contact:, Mads Møller Liedig, Telephone: +45 40 12 97 72

    Analysis