PH Records 3-Digit Growth in Exports to Denmark 

COPENHAGEN, 10 December 2021 – Export of goods from the Philippines to Denmark grew by 205% year-on-year (YOY) in September 2021. Philippine exports in September 2021 jumped up to USD 130.2B from USD 42.7B in the same month last year, preliminary data from the Philippine Statistics Authority and the Department of Trade and Industry showed. 

Philippine Ambassador to Denmark Leo Herrera-Lim noted that this was the third consecutive year of positive YOY growth. 

“Our latest export growth rate shows a solid growth with a performance even stronger than pre-pandemic levels. Total exports in 2018, before the establishment of the Philippine Embassy in Denmark, was USD 43.3B. Now, it is significantly higher by more than 300%,” Ambassador Herrera-Lim said. 

The export of the catamaran ferry built by Austal Philippines is the top export product in 2021, comprising 49.9% of all exports. Out of all the top export products, hearing aids had the highest growth at 727.6%. This was followed by semiconductor devices at 169.4%. 

Ambassador Herrera-Lim shared that the increase in exports indicate stronger bilateral trade relations between the Philippines and Denmark. He mentioned that the Embassy is tirelessly working to attract more investments to the Philippines. He also stated that the Embassy is pushing for more market opportunities to further boost exports for the country, particularly, in ship-building and manufacturing.

“As we continually enhance our trade cooperation with Denmark, we are confident that we will see a sustained improvement in our exports for the coming years,” said the Ambassador. END

For more information, visit https://copenhagenpe.dfa.gov.ph/ or https://www.facebook.com/PHinDenmark/.