The United States is now the largest export market for Denmark.
In the first three quarters of this year, the United States purchased Danish goods and services for 119.21 bn. DKK.According to the Confederation of Danish Industry, there has been a strong growth in exports over the past year where Danish companies have increased sales by more than 30%. The major reasons are the increases in the pharmaceutical industry and in machinery and transport equipment.
In addition to this, the US dollar has strengthened nicely this year, raising the exchange rate for the Danish companies.
Germany has historically been Denmark’s largest export market, however, recently Germany has had low growth and declining industrial production. The declining production has had consequences for Danish subcontractors.
The fact that the world’s largest economy is the largest purchaser of Danish exports is a huge achievement which not only contributes to Denmark’s GDP and employment, but is also an important seal of approval of Danish quality that can hugely benefit Danish companies and transatlantic relations in trade.
A strong relationship build on trade
Danish export is not only important for the individual company, but also for Danish society in general. Denmark’s small, open economy is heavily dependent on being able to generate exports abroad. Export and trade means both higher GDP and a higher employment rate. Danish export supports a wide range of jobs, and the Danish labour market as a whole therefore benefits from the increasing export.
A recent publication made by the Confederation of Danish Industry and the Embassy of Denmark, shows the strong economic bonds between the two countries.
In 2019, more than 123,000 jobs in the U.S. currently exist because of U.S. trade with Denmark either directly by Danish companies or by the American export of goods and services to Denmark. The three states with the largest imports from Denmark are Indiana, New Jersey and California.
California, Texas and North Carolina are the states that export the most to Denmark.
Source: Statistics Denmark and Denmark in the U.S. – Creating jobs & investments, 2019 by Published by Confederation of Danish Industry and Embassy of Denmark in the U.S.
On November 8, the American-Danish Young Professionals and Study Abroad in Scandinavia (DIS) invited American university students to a pre-departure reception at the Embassy.
The reception was held for students who are going to Denmark for a semester in the spring 2020. It was an excellent opportunity for the students to meet each other and ask questions about Denmark.
The event was a great success with speeches from representatives of the Embassy, ADYP and DIS, as well as alumni from DIS who entertained with fun facts about Denmark and what to expect during their exchange program.
On September 17, the American-Danish Young Professionals (ADYP), Swedish-American Chamber of Commerce (SACC) Norwegian-American Chamber of Commerce (NACC) and British American Business Association hosted the first event after the summer holiday focusing on innovations in Biotech and Science.
At the event, Founder & Executive Director at Sounds Affects Mona Jhaveri gave a presentation of Sound Affects as an innovative crowdfunding platform. Sound Affects supports entrepreneurs who are working on promising cancer solutions but have difficulties attracting institutional funding. Sound Affects have collaborated with musical artists in order to make public awareness of a funding gap and raise money for innovators that help prevent, screen and detect cancer. A very engaged audience made it a truly insightful experience with a great discussion of the difficulties and the potentials of the platform.
After the presentation, the all the Young Professionals had a networking session to socialize, exchange ideas, and share common interests.
On September 5, H.E. Lone Wisborg, Ambassador to the US, hosted a dinner for all the members of the American-Danish Business Council. The Ambassador, alongside with Co-chair, Steve Williams, greeted all guests welcome and the evening began with a drink reception where ADBC members had the opportunity to meet each other, not least the Ambassador. The ADBC had the pleasure of meeting new members of our network – welcome to all. After the reception, guests were seated in the dining room and dinner, made by the Embassy’s chef team, was served. During the dinner, H.E. Lone Wisborg, evaluated on her first month as Ambassador to the US where she provided a briefing on the Embassy’s focus in relation to bilateral trade and political affairs, as well as how the new Danish governments perceives the tasks in front of them. Moreover, Co-Chair Steve Williams gave his remarks on the benefits of the network and its ability generate value for the members when we stand together.
Thank you to all who attended this delightful evening.
Last Tuesday on July 9th, H.E. Ambassador Lone Wisborg had the pleasure of hosting a lovely evening reception together with the Ripon Society. Some of the many guests attending included multiple Congressmen and congressional staffers along with American and Danish companies from the Ripon Society as well as the American-Danish Business Council.
With an upcoming inspirational trip to Denmark later this year for approx. 300 congressional- and company representatives, including 29 Congressmen, the evening signified the great relationship between the United States and Denmark as we further develop lasting ties, creating economic opportunities and synergies across the Atlantic.
Ambassador Wisborg opened the evening by welcoming everyone to the residence and expressed her gratitude for their company. Next, Rep. Gregory Walden held a great speech stressing the excitement of their upcoming visit to Denmark, followed by Rep. Tom Reed who presented a gift of appreciation to Ambassador Wisborg.
Thank you to the many members of the ADBC who participated in making this evening one to remember.
On July 2, the American-Danish Young Professionals (ADYP), Swedish-American Chamber of Commerce (SACC) and Norwegian-American Chamber of Commerce (NACC) held an after-hours event focusing on Scandinavian businesses in the green transition. It examined what Scandinavian companies are doing to combat climate change and lead the way towards a greener future using renewable technology.
The Danish Wind Energy Advisory was represented by James Glennie CFA, who is Senior Commercial Advisor on Offshore Wind in the Ministry of Foreign Affairs of Denmark. He gave a presentation on Danish offshore technology, including trends and perspectives for the wind sector, to the audience of nearly one hundred young professionals with an interest in American and Danish relations. A very engaged audience made it a truly insightful experience.
After the presentation, ADYP had a networking session on the rooftop of the venue giving people the opportunity to socialize, exchange ideas, share common interests and grow professionally.
On June 3, the Embassy of Denmark in collaboration with the ADBC hosted the annual Danish Constitution Day event at the residence of H.E. Ms. Lone Wisborg, Ambassador to the US.
The Danish Constitution Day commemorates the anniversary of the signing of the Danish Constitution on June 5th 1849, which established Denmark as a constitutional monarchy, and honors the constitution of 1953 which was adopted on the same date.
Again this year, the beautiful residence gardens were setting the scene for this festive evening that honored our brave veterans and celebrated the long standing and close cooperation between the U.S. and Denmark. With over 750 guests attending, Ambassador Wisborg made the opening remarks followed by a heartfelt speech by Secretary of Veterans Affairs, Robert Wilkie. Finally, Chairman of Danish Wounded Warriors and Master Sergeant, Jacob Panton Kristiansen took stage and emphasized our nation’s appreciation of the great service of American and Danish veterans.
Many thanks to the members of ADBC for your support and for attending this delightful evening. A special thank you to Coloplast, Novo Nordisk, Leo Pharma, General Dynamics, Systematic, Terma and Lockheed Martin, who supported the event with additional sponsorships.
On May 23rd, the American-Danish Young Professionals hosted an after hour networking event centered around Brexit and its implications at Peterson Institute for International Economics (PIIE). ADYP had a guest speaker in the name of Mr. Jacob Funk Kirkegaard who is a Senior Fellow at PIIE and does research on British politics and Brexit. Mr. Kirkegaard explained the different possible outcomes of the Brexit negotiations and its implications, specifically from an American perspective. It was clear that the outcome might become more dire than was initial thought.
Before joining the Institute, Mr. Kirkegaard worked with the Danish Ministry of Defense, the United Nations in Iraq, and in the private financial sector. He is a graduate of the Danish Army’s Special School of Intelligence and Linguistics with the rank of first lieutenant; the University of Aarhus in Aarhus, Denmark; the Columbia University in New York; and received his PhD from Johns Hopkins University, School of Advanced International Studies.
After the presentation, ADYP had a networking session giving people the opportunity to socialize, exchange ideas, share common interests and grow professionally.
A special thanks to Peterson Institute for International Economics for letting American-Danish Young Professionals use their venue to further increase American-Danish relations.
On April 30, the American-Danish Young Professionals hosted a Young Professionals event with focus on Scandinavian Innovation and Design. The venue was the offices of Axis Communications in Arlington and it was organized in collaboration with the Swedish-American Chamber of Commerce and the Norwegian-American Chamber of Commerce.
At the event, Andrew Dunn, President for Mobile Guarding Division Securitas North America, joined us to discuss how the Swedish company Securitas is leading innovations in the Digital Transformation of Protection. His presentation was followed by, Tim Macheneud, Head of BoConcept, Washington D.C, who spoke about the philosophy and methods that the Danish global furniture retailer utilizes to keep being innovative with their design.
The evening ended with a networking session at the rooftop giving people the opportunity to socialize, exchange ideas, share common interests and grow professionally.
On Thursday, April 4Th, the Danish Embassy and the American-Danish Business Council hosted a beautiful spring reception at the residence to say goodbye to departing Ambassador, H.E. Lars G. Lose as well as his wife Mrs. Roenberg, whilst inviting our new Ambassador, H.E. Lone Dencker Wisborg, officially welcome to the US and Washington DC.
With more than 300 guests attending, the residence was filled with close friends of Denmark from all over the US where signature drinks named by various Danish footprints in the US, were served along with delicious Danish cuisines.
Among the many guests was Congressman Hoyer who provided a wonderful speech and a heartfelt appreciation and gratitude of the great work former Ambassador Mr. Lose has been carrying out the past years here in the US. H.E. Lone Wisborg were of cause also welcomed dearly by Congressman Hoyer, whom pointed out expectations of a great continual cooperation going forward.