Poland's foreign trade reported a deficit of EUR 183.8mn in January-June of 2014 compared to a deficit of EUR 819.3mn in the same period of a year earlier (and vs. EUR 2.0bn gap in the entire 2013), according to the data of national stats office GUS.
In January-June 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).
In USD terms, the six-month foreign trade deficit was USD 241.1mn vs. gap of USD 1,106.9mn a year before, with exports up by 10.0% to USD 110.06bn and imports up by 9.1% to USD 110.30bn.
Germany's share in Poland's exports rose by 0.8pps y/y to 25.9%, while its share in imports was unchanged on the year at 21.6% of the total. At the same time, Russia's share in Polish exports fell by 0.8pps y/y to 4.4% of the total, while this country's share in imports was down by also 0,.8pps y/y to 11.5%.
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