Export insurer KUKE sees Poland's exports growth at 9.3% in 2014, 11.9% in 2015

By bne IntelliNews June 4, 2014

Poland's exports will probably increase by 9.3% y/y to EUR 170.5bn in 2014 and by further 11.9% to EUR 190.8bn, according to estimates of Export Credit Insurance Corporation (KUKE), based on data concerning the condition of Poland's economy in April, as well as taking into account the demand for services of concerning export insurance. A month earlier, it projected this year's exports growth at 9.1% y/y and at 12.2% in 2015.

In zloty terms, exports are expected to increase by 7.3% to PLN 702.8bn in 2014 and by further 8.7% to PLN 763.6bn in 2015.

It estimates that in April of 2014 alone, Polish exports increased by 2.8% y/y to EUR 13.67bn (but was down by 3.5% on the month), while calculated in the Polish zloty, it was up by 3.9% on the year to PLN 57.23bn (and down by 3.8% m/m).

KUKE stresses that the Russian-Ukrainian crisis may lead to a significant regress of exports to these countries, but it hopes that part of shipments from Poland may be redirected to other destinations.

However, it also points to seasonal factors (Easter) limiting economic activities this April and stresses that already May should see exports growth closer to 10% y/y.

 

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Play Communications' Warsaw IPO price sets value at over PLN4bn

Play Communications, owner of second biggest Polish mobile operator P4, has set the price of its upcoming initial public offering (IPO) at PLN36 (€8.5) per share, putting the value ... more

Poland moves closer to buying Patriot missiles from US

Poland and the US have signed a memorandum that may pave the way to Warsaw buying Patriot surface-to-air missile interception systems from US company Raytheon, the Polish defence ministry said on ... more

Dismiss