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.

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