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%.
Related Articles
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Poland’s BGK to begin operations in Ukraine under new cooperation deal
Polish state development bank BGK will launch operations in Ukraine following the signing of a cooperation agreement between the two countries’ economic ministries, reported Ukraine Business News. ... ... more
Ukraine’s NovaPay launches European app for financial services with Polish partner
Ukrainian financial services group NovaPay has launched a European version of its mobile application, aimed at Ukrainians and EU residents, in partnership with Polish payment institution Quicko, ... more