‘We are heading towards a record trade surplus by the end of the year’: PFR
18:39
The negative export dynamics will only persist for a few months, and by the end of the year, we may have a record-high trade surplus, according to economist Michał Kolasa from the Polish Development Fund (PFR).
"May 2023 was the first month since May 2020 in which Poland's annual export of goods recorded negative dynamics. The export in the fifth month of the year amounted to €28.6 billion, which was 2.6 percent lower than the same month last year. However, in the cumulative view, Poland's export of goods after May was 5.8 percent higher than the period from January to May 2022," the Polish Development Fund in its monthly publication on Polish foreign trade, stated.
According to Kolasa, there is no need to worry that the negative export dynamics will lead to a return to deficits in foreign trade; mainly because it should only persist for a few months.
