PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Foreign trade deficit at €9.1bn in January-September


2010-11-11



The total value of exports of goods in the first nine months of the year amounted to €85.9bn, while imports totalled €95bn, according to preliminary data from the Central Statistical Office (GUS). This translates into nominal increases of 20.4% y-o-y and 21.1% y-o-y, respectively. As a result, the country’s foreign trade deficit widened by almost 29% y-o-y to €9.1bn.

Poland’s trade balance with developed countries and especially with the countries of the European Union improved substantially over this period, showing surpluses of €9.3bn and €11.5bn. At the same time, there was a marked deterioration in the balance with developing countries, which showed a deficit of €14bn, and a sharp widening of the deficit with the countries of Southern and Eastern Europe, which amounted to €4.4bn.

Of Poland’s main trading partners, the highest increase (by 38.6% y-o-y) was noted in exports to Russia, followed by Spain (29% y-o-y), Sweden (28.3% y-o-y) and Hungary (27.7% y-o-y). By contrast, exports to Italy rose by 4% y-o-y.

Imports from Russia rose at by far the highest rate in the nine months to September (up by 47.8% y-o-y), followed by the United States (34.6% y-o-y) and China (27.3% y-o-y). On the other hand, imports from Italy were 0.2% lower than in the same period a year ago.

By way of comparison, in 2009 as a whole the trade deficit amounted to €9.3bn, i.e. approximately 3% of GDP.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.