EUR 15.6 bn trade deficit for Poland in first 10 months of 2022: stats office

Poland had a foreign trade deficit of around EUR 15.6 billion in the first 10 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 October totaled EUR 283.7 billion, while imports were worth EUR 299.3 billion, the state-run Statistics Poland (GUS) agency said.

Foreign trade turnover in January - October 2022 in exports at current prices amounted to PLN 1,321.7 bn (increase by 23.3% YoY), while in imports - PLN 1,394.4 bn (increase by 31.0% YoY).https://t.co/eNcYyEl5Df#StatisticsPoland #statistics #ForeignTrade #import #exports pic.twitter.com/ZW7vduCTNK

— Statistics Poland (@StatPoland) December 15, 2022

It added that Poland's exports during this period increased by 23.3 percent in zloty terms at current prices compared with the first 10 months of 2021, while imports grew by 31 percent year on year.

Poland’s largest export markets in the first 10 months of this year were Germany, the Czech Republic and France, while Germany, China and Italy were the country’s largest import markets, data showed.

Handel zagraniczny. Ekspert: udało się zmniejszyć znaczenie Rosji w polskim imporcie https://t.co/2pIdXCrsYq

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) December 15, 2022

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, polskieradio24.pl