Denmark's current account deficit stood at 0.026 billion in February, narrowing from DKK 3.9 billion deficit in January, the Statistics Denmark said Wednesday. A year ago, there current account surplus was DKK 0.77 billion.

In a separate report, the statistical office said the trade surplus, excluding ships, stood at DKK 1.8 billion in February, down from a surplus of DKK 2.9 billion in January.

Exports, excluding ships, dropped a seasonally adjusted 17.4% year-on-year to DKK 41.6 million, while the corresponding imports fell 13.44% to DKK 39.8 billion.

Month-on-month, exports fell a seasonally adjusted 2.9%, while imports declined 0.4% in February.

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