2021 to be time of Polish exporters

Almost PLN 48 billion of the excess value of exports over imports of goods, according to the latest available data on a twelve-month basis, is a record that proves that Polish entrepreneurs did not allow the coronavirus to paralyze their development and aspirations.

Due to the pandemic, the past year was marked by the risk of insolvency of foreign business partners, sudden fluctuations in exchange rates, and, finally, restrictions on personal contacts - so important in international trade. It will probably be no different for a large part of the new 2021 that has just started.

“In the last few quarters, Polish entrepreneurs quickly adapted to the new rules of the game on the market. You could say: as usual. The widely discussed data of the National Bank of Poland on the surplus of foreign trade showed the strength of domestic entrepreneurs. For the first time in history, monthly exports exceeded PLN 100 billion. And what is perhaps less effective, but much more important: the surplus of exports over imports in the trade of goods amounted to twelve-month terms (i.e. from November 2019 to October 2020), equivalent to 2.1 percent. GDP and still growing. All this despite the recession in many countries,” Jakub Łancucki, Managing Director of Ebury Polska, stressed.

Ebury serves nearly 50,000 exporters and importers from around the world, including almost 2,000 Polish entrepreneurs - exporters and importers. The activity of 24 branches, located in several dozen countries in Asia, North America, Australia, and Europe (including the Branch in Warsaw) provides a glimpse at the global perspective of international trade but also allows you to see the local diversity.

(WBJ)