After August, Poland still records a surplus in foreign trade, but in recent months these readings have deteriorated significantly, according to data published by the Central Statistical Office (GUS).
surplus trade in goods foreign trade After August 2021, it reached 1.8 billion euros – GUS reported on Friday. However, as Pekao Bank economists note, Since May, imports have been growing much faster than exports. Previously released data showed that Poland in August had a deficit of 1.7 billion euros due to the current account deficit with foreign countries.
According to data from the Central Statistical Office of Poland, The share of the largest eurozone countries – Germany, Italy, France and Spain in Polish exports – has grown, and the share of economies outside the European Union has decreased – the USA, Russia and Great BritainWhich definitely left the EU on January 31, 2020. The share of Germany in Polish exports after August 2021 increased to 28.8%, France to 5.8% and Italy to 4.7%. Meanwhile, Germany and China have the largest share of imports, and Russia climbed to third place, as we import expensive energy resources.
“Music specialist. Pop culture trailblazer. Problem solver. Internet advocate.”
