The value of Polish exports accounted for 46.1 percent of gross domestic product in 2012, the Ministry of Economy said in a report. In 2011, exports amounted to 45.1 percent of the GDP, while in 2001 they amounted to only 27 percent.
Poland's exports continue to grow, and in 2012 amounted to 46.1 percent of the country's GDP
Poland is slowly catching up with other export-oriented countries, like Germany, where in 2012 exports amounted to some 52 percent of GDP (a 2 percent increase compared to the previous year).
Still, other CEE countries remain much more export-driven than Poland. Czech exports value stood for 78 percent of its GDP last year. In Hungary and Slovakia the share of exports in GDP was even higher and amounted to a staggering 93 and 89 percent respectively (data for 2011).
The ministry also said that in 2012 exports grew by 4.9 percent year-on-year, while imports increased by only 1 percent. This translated into a better trade balance. Food exports grew the most, by 17.5 percent, the report said.
According to NBP estimates, exports of goods from Poland amounted to €146.6 billion last year, which is an increase of 4.6 percent year-on-year. Imports fell by 1.1 percent to €151.9 billion in the same period. Poland’s foreign trade deficit was reduced by €5.3 billion in in 2012, to €10.6 billion, the ministry said. “It is worth observing that last year’s deficit was lower by over €15.6 billion (or about 60 percent) compared to that in 2008, when it was at a record-high level of €26.2 billion,” the report reads.
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