We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » November 18, 2009
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Car Industry Exports Plunge
November 18, 2009   
Article's tools:

The Polish automotive industry has been hit by declining exports. The value of car components sold abroad fell in the first seven months of this year, with a particular slump in exports of diesel engines. Compared with last year, the only segment to see exports growing was cars exported to EU member states, but the increase was minimal, at 0.5 percent.

According to market analysts AutomotiveSuppliers.pl, in July the Polish automotive sector exported products worth a total of 1.29 billion euros, which was 21.5 percent less than in July 2008 and 11.8 percent less than in June this year. In total, automotive exports were worth 9.06 billion euros after the first seven months of this year, which was 24 percent less than in the same period of last year. Germany continues to be the largest buyer of cars and parts from Polish factories. Between January and July, Germany accounted for 30.6 percent of foreign sales of the Polish car industry, worth 2.77 billion euros. The second largest market is Italy at 20 percent, followed by France at 7.1 percent. Polish exports to all three countries declined. Among the top 10 buyers, Poland only managed higher exports to the Czech Republic, but that country only accounts for 5.8 percent of total Polish automotive exports.

Polish exports comprise cars, car parts and accessories. Car sales were worth 4.03 billion euros, which was 6.2 percent less than the year before. Exports of car parts, in turn, plunged 35.7 percent and the third largest group of exported products, diesel engines, plummeted by 40 percent to 1.11 billion euros.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE