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The Warsaw Voice » Business » February 14, 2018
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Export sales record growing
February 14, 2018   
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Poland sported a small trade surplus in 2017, its third consecutive annual surplus with export sales growing at their fastest pace since 2010, stats office GUS data show.
Polish firms are both reaping benefits of strong economic conditions in the euro zone and Germany in particular and regain eastern markets, the daily Dziennik Gazeta Prawna says in an analysis.
Polish exporters have been unaffected by any strengthening of the Polish zloty, data also suggest, a conclusion backed by corporate sentiment surveys.
The zloty could yet gain towards the export pain threshold, Pekao bank economist Marcin Mrowiec suggests. But imports gained momentum towards the end of the year, possibly due to higher imports of investment goods, BZ WBK economist Piotr Bielski told the daily Parkiet. That trend should hold in 2018, leading to a trade deficit for the year, ING BSK analyst Jakub Rybacki adds.
Contribution of net exports to GDP will likely be negative at 0.2 pps for the year, Credit Agricole believes. Pekao's Mrowiec tells Dziennik Gazeta Prawna, however, that the trade surplus has a good structural element.
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