GUS: foreign trade on the rise in Q1

In the first quarter of 2017, Poland increased its exports by 8.9 percent, while imports grew by 12 percent y/y, according to the Central Statistical Office (GUS). Exports amounted to PLN 212.15 billion, while imports totaled PLN 210.57 billion. Trade surplus amounted to PLN 1.58 billion.

Of those exports, PLN 58.39 billion worth of goods and services were sold to Germany, followed by UK (PLN 13.75 billion), and Czechia (PLN 13.57 billion). Furthermore, Poland imported PLN 47.69 billion worth of products from Germany, PLN 26.02 billion from China and PLN14.32 billion from Russia, GUS data showed.

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