Poland's exports will probably increase by around 9% y/y to EUR 168.9bn, while imports will rise by around 8% y/y to EUR 170.0bn, according to forecasts of the ministry of economy. Thus, the negative balance in the country's foreign trade will be minus EUR 0.6bn (vs. minus EUR 2.3bn in 2013).
However, the ministry stressed that these estimates may change, depending on the developments in the West-Russia trade conflict.
In H1 of 2014, exports increased by 5.4% y/y to EUR 80.02bn, while imports were up by 4.5% to EUR 80.20bn (in the entire 2013, they were up by 8.0% and up by 1.9%, respectively).
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