Denmark has a very modern and efficient market economy. It features a high dependence on foreign trade, a high-tech agricultural industry, and high standards of living. Though agriculture forms the base for economy in Denmark, manufacturing and services have also gained importance. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus. The leading industries include food processing (especially meat and dairy goods) and shipbuilding. Main exports are industrial products, followed by agricultural products chiefly livestock-based products such as cheese, pork, and other meats.
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