Poland's foreign trade gap widens 14% in Jan-Aug 2011.

By bne IntelliNews October 13, 2011
Poland's foreign trade gap widened by 14% y/y to EUR 9.1bn in the first eight months of 2011, the statistics office said. In monthly terms, the gap widened by 11%. Denominated in US dollars, Poland's eight-month trade deficit expanded to USD 12.7bn from USD 10.6bn a year ago, as exports rose by 21.7% y/y to USD 124.8bn and imports moved up 21.6% y/y to USD 137.5bn. Poland's trade with developing countries and CEE produced a shortfall of EUR12.6bn and EUR6.4bn, respectively. Surplus was registered in the trade with developed countries (EUR9.9bn), including the EU (EUR11.3bn). Trade with developed countries accounted for 84.6% of the country's exports and for 66.7% of its imports.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    8 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    6 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    19 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    23 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    28 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    21 days ago

Reports

Dismiss