After a sharp drop in trade in 2009 (-18.5%), the overall volume of trade between France and Denmark recorded an 8.3% increase in 2010 from €4.58 billion in 2009 to €4.96 billion in 2010.
Our bilateral trade deficit nearly doubled in 2010 (€354.2 million) compared to 2009. France is now Denmark’s 8th largest supplier behind Germany, Sweden, China, the Netherlands, the UK, Norway, and Italy, and its 7th largest customer behind Germany, Sweden, the UK, the United States, Norway, and the Netherlands. The French market share dropped from 4.8% in 2005 to 3.8% in 2010, down nearly 20%.
Bilateral flows are characterized mainly by trade in industrial goods, which represent nearly 80% of the total, mainly high-tech products. Three major sectors account for nearly 46% of trade: pharmaceuticals, chemicals, perfumes and cosmetics, and capital mechanical/electrical/electronic equipment.
French exports to Denmark totaled €2.3 billion in 2010, an increase of 4.7% compared to 2009. Our export performance is at levels comparable to those of our major European competitors, with the exception of Sweden and the UK. In terms of sectors, transport equipment is our number one surplus (18% of our exports in 2010). Automotive sector exports, hard hit by the crisis in 2009 (-75%), rebounded strongly in 2010 (+129%), and now represent over 10% of our exports.
French imports from Denmark totaled €2.66 billion in 2010, an increase of 11.6% compared to 2009. They are dominated by our purchases of industrial products and mechanical equipment, electrical equipment, electronics, and computers, which represent our primary deficit with Denmark.
France is ranked 6th among countries receiving Danish direct investment. 250 Danish companies are present in France, employing 58,000 people. Nearly 120 subsidiaries of French companies employ 13,000 people in Denmark. French companies have participated in most major road infrastructure projects in Denmark (Great Belt Fixed Link, Øresund Fixed Link) as well as major projects in the energy and transport sectors and they are very interested in the many upcoming projects in the transport sector.
Updated on 06.06.12
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