Poland’s export to Spain grows by 27pct in Q1
May 22, 2014
Poland has recently been in the upward trend in terms of trade relations with Spain as sales of Polish goods to Spain increased by 27% year on year in Q1 to note EUR 182 mln trade surplus at the end of Q1, the president of Polish-Spanish trade chamber Stefan Assanowicz says.
Only half a year ago, Poland recorded a deficit in trade with Spain.
Though the structure of exports to Spain is not yet known, two reasons are mentioned in the context of sales increase to this country. The first one is geographical reorientation due to the Russian-Ukrainian crisis - Polish producers are increasingly willing to pave the way to new markets. The other one is that Spanish people are more inclined to buy cheaper products from Poland at the time of economic crisis.