Exports to emerging markets rose by 12.9% reaching €23.5 billion, increasing at a faster rate than to developed markets (an increase by 4.5% to €104 billion). Imports from developed markets recorded an increase by 1.2% to €84.3 billion, while imports from the emerging markets declined by 1.9% were estimated at €44.3 billion.
Among the major recipients of Polish goods in the EU, the highest increase of exports was marked by Sweden (increase by 8.7%), Slovakia (increase by 7.8%), Hungary (increase by 11%), Belgium (increase by 12.6%) and Spain (increase by 10.9%). Exports to Poland’s main trading partner – Germany – increased only by 4.4%. (to about €31.9 billion).
Among the emerging markets that recorded the fastest increase of exports (total increase by 17.7% to €10.6 billion) were: UAE with an impressive 68% increase, Republic of Korea with 36% increase and China with 14% increase. Across the sectors, exports of agri-food products recorded the fastest rise by 11.5% to €16.4 billion. Chemical products with an increase by 7.9% (to €18.3 billion) was in second place.
Source: Polish Information and Foreign Investment Agency
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