EUR 12 bn trade deficit for Poland in first seven months of 2022: stats office

Poland had a foreign trade deficit of around EUR 12 billion in the first seven months of this year, the country’s statistics office reported on Thursday.

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Poland’s exports from the beginning of January to the end of July totaled EUR 193.7 billion, while imports were worth EUR 205.7 billion, the state-run Statistics Poland (GUS) agency said.

Foreign trade in goods turnover in January-July 2022 amounted to PLN 893.1 billion in exports at current prices (up 21.2% YoY) and PLN 948.3 billion in imports (up 31.5% YoY).https://t.co/Oxo5JrKr5I#StatisticsPoland #statistics #foreign trade #import #exports pic.twitter.com/3CyetEGClc

— Statistics Poland (@StatPoland) September 15, 2022

It added that Poland's exports during this period increased by 21.2 percent in zloty terms at current prices compared with the first seven months of 2021, while imports grew by 31.5 percent year on year.

Poland’s largest export markets in the first seven months of this year were Germany, the Czech Republic and France, while Germany, China and Russia were the country’s largest import markets, data showed.

Poland ended last year with a foreign trade deficit of around EUR 1.5 billion, according to Statistics Poland.

Poland’s exports totaled EUR 288.1 billion in 2021 as a whole, while imports were worth EUR 289.6 billion.

(gs)

Source: PAP, stat.gov.pl