After five months of 2015. Value of Polish exports amounted to 301.7 billion zł, and imports 289.7 billion zł , which means a positive balance in foreign trade amounting to 12 billion zł – according to data from the Central Statistical Office. In the same period a year ago, we had a deficit of 3 billion zł. Polish trade did not harm even a deep crisis exports to Russia, which contracted by 31.4 percent.
“In comparison with the same period last year, exports increased by 6, 4 per cent., while imports increased by 1.1 per cent. ” – Written in the message GUS. The Office reported that the value of exports reached exactly 301 billion zł 719.1 million, and imports 289 billion 761.6 million zł.
Developed countries absorb the Polish export
“The negative balance was noted in developing countries – of minus 42 bln 945.9 mln zł and countries of Central and Eastern Europe – minus 10 billion 356.2 million zł. The positive balance was achieved in trade with developed countries 65 billion zł 259.6 million, including a balance with EU countries reached 65 billion 719.4 million zł “- reads the CSO.
According to the office share of developed countries in total exports was 85.8 per cent. (Including EU 79.4 per cent.), In imports – 66.8 percent. (Including the EU 60 per cent.) To 84.2 percent respectively. (Including EU 77.1 per cent.) And 65.6 percent. (Including EU 58.9 per cent.) In the same period last year. Year.
The Central Statistical Office reported that Germany’s share in exports increased compared with January – May 2014. By 0.6 pct. and was 27 per cent., and imports increased by 1.1 percentage points. to 22.8 per cent. The positive balance in trade with Germany amounted to 15 billion 124.1 million zł to 12 billion zł 567 million in the same period last year. Year.
More and smaller export east
Russia’s share in exports decreased compared to the same period last year by 1.5 percentage points. and was 2.7 per cent., in imports was lower by 4 percentage points. and constituted 7.4 percent. The deficit in trade with Russia amounted to 13 billion zł 89.7 million to a deficit of 20 billion zł 612.1 million last year.
“After five months of 2015. Ukraine occupied eighteenth place on the list of our trade partners in exports and the twenty-fourth – in imports (in the same period last year., respectively fifteenth and twenty-first place). The turnover with Ukraine exports declined by 13.3 per cent. in gold, and in imports by 27 per cent. of gold compared with January – May last year, “- said the CSO.
The participation of Ukraine in the turnover decreased compared to the same period last year by 0.3 percentage points. and it amounted to 1.5 percent. in exports and 0.8 percent. in imports. The positive balance amounted to 2 billion 49.8 million zł to 1 billion zł 844.6 million the year before.
“In the period January – May this year. Among major trading partners saw an increase in Polish exports to the Netherlands, Spain, Czech Republic , Great Britain, Italy, Germany, Hungary, France and Sweden, and imports – from China, the United States, Czech Republic, Germany, France, Great Britain and Belgium. The drop in exports was recorded in trade with Russia, and imports – from Russia, Italy and the Netherlands “- written.
The CSO data shows that the turnover with the first ten of our trading partners accounted for 66 percent. of total exports and 66.1 per cent. of total imports (compared with 65.2 per cent. and 67 per cent. the year before).
“Strong blow of Russia”
– This is how powerful blow to Polish exports got from Russia, CSO data show for the first five months of 2015. The decline in exports of 31.4 percent. directly reflects the collapse of the ruble at the end of 2014. and the beginning of 2015. embargo, but also a lot of internal problems in Russia, which reduce the absorption of the market and hurt our exporters – says Radoslaw Jarema Akcenta payment institution serving foreign exchange transactions exporters and importers.
As an expert argues, “embargo itself is a big challenge, but Polish exports block parallel to other phenomena resulting from the economic conflict between Russia and the EU.” – The Russian economy is shrinking (down by 1.9 per cent. In the first quarter of 2015.), And Russian society becomes poorer, so even if the exporter does not include the Polish embargo, it still has the less chance that they will find demand for their goods – says Jarema.
Radoslaw Jarema stresses that in Russia prevailed fashion on economic patriotism and dial by domestic consumers and companies products or services. – In total, these factors fall of the ruble was the proverbial nail in the coffin – says Jarema.
– Despite the fact that the Russian market has become much less absorbent, the Polish exporters listen to the any information on the possibility of returning to his highlights expert. – Unfortunately, in spite suggested by Dmitry Medvedev in late May. the possibility of partial lifting of the embargo later this year, the stalemate in relations with the EU and the West, bodes rather maintain the status quo in the long run. This presages that the share of Russia in total Polish exports will continue to decline.
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