Poland's exports in Jan-Oct 2023 rise 1.2% YoY, imports fall 7.9% YoY

The balance of trade remained positive at PLN 48.6 billion, while in the same period of last year, it was negative and amounted to PLN 78.8 billion.

Exports expressed in US dollars during the period amounted to $318.0 billion—a rise of 4.1 per cent YoY, while imports were worth $306.6 billion—a decrease of 5.3 per cent YoY. The positive trade balance reached $11.4 billion, while in the same period last year, it was negative at $18.1 billion.

Exports expressed in euros during the period were worth €293.5 billion—an increase of 2.5 per cent YoY, while imports amounted to €283 billion—a decrease of 6.7 per cent YoY. The positive trade balance reached €10.6 billion compared to a negative balance of €16.9 billion in the same period last year.

Poland had the largest share—86.6 per cent—in total exports to developed countries during the period, of which exports to the European Union (EU) comprised 74.8 per cent. In imports, it had a 65.7-per cent share, of which imports from the EU comprised 53.9 per cent, an official release said.

The smallest share was observed with the countries of Central and Eastern Europe, total exports to which amounted to 5.1 per cent, and imports from which 2.3 per cent compared to 4.6 per cent and 6.7 per cent in same period last year respectively.

A negative trade balance was observed with developing countries: minus PLN 303.8 billion (minus $71.6 billion, minus €66.1 billion).

Fibre2Fashion News Desk (DS)