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The Warsaw Voice » Business » January 30, 2008
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Exports Up, Imports Up
January 30, 2008 By A.R.    
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Poland's exports continue to grow fast, but imports are growing even faster, the latest statistics show. In the first 10 months of last year, Polish businesses exported 83 billion euros worth of goods and services, 14.2 percent more than in the same period of 2006. Imports increased by 16.4 percent to 96.2 billion euros.

Poland's trade with Russia picked up. Between the start of January and the end of October last year, Poland's exports to Russia increased by 26.3 percent to over 3.8 billion euros. At the same time, imports from Russia grew by only 2.5 percent. As a result, Poland's deficit in trade with Russia shrank to 4.5 billion euros, from 5.1 billion euros in the first 10 months of 2006.

Exports to other European Union countries grew at a slower rate than in previous years. They totaled 65.5 billion euros, rising by 13.3 percent, down from a rise of 23.5 percent in the same period of 2006.

Exports to developing countries totaled 4.8 billion euros, increasing by 10 percent, 7 percentage points less than in January-October 2006. At the same time, imports from developing countries grew by 26.7 percent to 17.7 billion euros. As a result, Poland's deficit in trade with these countries widened by 3.3 billion euros to 12.9 billion euros.
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