From January to July 2012, the value of Polish exports amounted to E80.5 billion – 3% higher than the same period a year earlier, according to data from the Central Statistical Office. Data in złoty show that the value of exports rebounded by 11% year-on-year, although in US dollars, exports fell 4%. Imports in złoty grew 6.3%, but when denominated in euros and dollars, imports fell over the period. Poland had a negative trade balance when calculated in all three currencies.