Sunday, May 19th, 2013
Today's weather     
Polish foreign trade on the rise

15th January 2013
Bookmark and Share


Polish companies exported goods worth nearly zł.553 billion while the import was worth zł.588 billion, Central Statistical Office reported.

According to the report, between January and November 2012 year-over-year, export and import increased by 8.1 percent and 3.2 percent respectively. "Polish foreign trade will still be increasing in 2013, however at the beginning of the year, the import will fall because of less demand", Piotr Bujak of Nordea Bank told WBJ. "Polish export will be positive", he added. The debit balance of Polish trade decreased by zł.24 billion - from zł.58 billion in 2011 to zl.34 billion in 2012.

The country's biggest trade partner Germany marked a slight drop in import by 0.9 percent to 25.3 percent, and 1.1 percent to 21.3 percent in import. Mr Bujak explained that Polish export is strongly depended on German export, since Germany re-exports goods previously imported from Poland.

Among Polish crucial export partners the trade rose with Czech Republic, France, Germany, the Netherlands, Russia, Slovakia, Sweden, the UK and Ukraine. Poland also imported more goods from China, Czech Republic, Republic of Korea, the Netherlands, Russia and the United States.


MM


From Warsaw Business Journal


Advertisement
Stratfor on Geopolitics
Commemorating Europe Day, EU faces key challenges
BY Stratfor Global Intelligence
On Thursday the European Union celebrated Europe Day, the annual commemoration of the proposal made in 1950 by then-French Foreign Minister Robert ... READ MORE
The business of politics
Deputy PM cries out for attention
BY Remi Adekoya
“If my ideas are not adhered to, I will quit. I don't intend to be a deputy prime minister for show,” ... READ MORE
Our partners