Polish exports at current prices drop 2.5% YoY to $156.6 bn in Jan-May

The trade surplus was PLN 18.1 billion during the five months, while it was PLN 24.1 billion during the corresponding period last year.

Exports expressed in US dollars amounted to $156.6 billion—a decrease of 2.5 per cent YoY, while imports were worth $152.1 billion—a drop of 1.9 per cent YoY. The trade surplus was $4.6 billion, while in the same period of 2023, it amounted to $5.6 billion.

Exports expressed in euro amounted to €144.6 billion—a decrease of 2.9 per cent YoY, while imports amounted to €140.5 billion—a fall of 2.3 per cent. The trade surplus was €4.2 billion compared to the a surplus of €5.1 billion in the same period last year.

Poland had the largest share (86.3 per cent) in total exports with developed countries during the period, of which exports to the European Union (EU) comprised 73.8 per cent. In imports from developed nations, Poland’s share was 66.5 per cent, of which those from the EU comprised 54.5 per cent.

However, the smallest share was observed with the countries of Central and Eastern Europe, exports to where comprised 5.2 per cent of the total exports; the share of imports from that zone was 2.1 per cent of the total.

A trade deficit of PLN 137.9 billion ($34.4 billion, or $31.8 billion) was recorded with developing countries, while a surplus of PLN 136.4 billion ($34.1 billion, or €31.5 billion) was noted with developed countries.

ALCHEMPro News Desk (DS)