Food exports rise, but imports even more

The value of Polish food exports reached €11.6 billion in the first half of 2016, up 1.1 percent from a year ago. Imports, however, rose by 4.6 percent, reaching €8.1 billion. For the first time in many years, imports grew at a brisker pace than exports, said Andrzej Kowalski, head of the Institute of Agricultural and Food Economics (IERiGŻ).

Kowalski noted that foreign trade figures depend to a large extent on exchange rates – the zloty has weakened this year vis-a-vis the euro and dollar. Other factors also influence foreign trade, including the economic situation on world markets. Food prices have fallen worldwide.

According to Kowalski, on the basis of data from the first half of 2016, one can see some negative trends. Due to the faster tempo of import growth compared to exports, the surplus decreased by 3.6 percent to €3.4 billion from €3.7 billion in the first half of 2015, Kowalski said in an interview with PAP.

Pin It