Poland's foreign trade deficit for 2012 was €9.7 billion, the Central Statistical Office has announced. Polish exports amounted to €141.9 billion, up by 3.8 percent year-on-year, while imports stood at €151.7 billion, down by 0.6 percent y/y.

Polish exports to countries such as Russia, Ukraine, the UK, Slovakia, the Netherlands, the Czech Republic, Germany and France were higher than in 2011. Imports rose from Russia, the US, South Korea, China, the Netherlands and the Czech Republic.

Trade turnover with the 10 biggest partners amounted to 66.8 and 68.3 percent of export and import respectively. The trade deficit was recorded in transactions with developing countries and was worth €18.3 billion. However, trade relations with developed countries brought Poland a €19.2 billion surplus.

Poland A.M.