EUR 12.9 bn trade deficit for Poland in first eight months of 2022: stats office

Poland had a foreign trade deficit of around EUR 12.9 billion in the first eight months of this year, the country’s statistics office reported on Friday.

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Poland’s exports from the beginning of January to the end of August totaled EUR 221.2 billion, while imports were worth EUR 234.1 billion, the state-run Statistics Poland (GUS) agency said.

Foreign trade in goods turnover in January-August 2022 amounted to PLN 1 024,3 billion in exports at current prices (up 22.2% YoY) and PLN 1 083.7 billion in imports (up 30.9% YoY).https://t.co/MWcKXsRKkC#StatisticsPoland #statistics #foreigntrade #import #exports pic.twitter.com/3gjAq5iUV7

— Statistics Poland (@StatPoland) October 14, 2022

It added that Poland's exports during this period increased by 22.2 percent in zloty terms at current prices compared with the first eight months of 2021, while imports grew by 30.9 percent year on year.

Poland’s largest export markets in the first eight 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