Export grows 3.7% in Jan-Aug, import drops 5.7% y/y

In January-July 2023, Poland's exports increased by 3.7% y/y to €232.4 billion, while imports decreased by 5.7% y/y to €223.5 billion, according to the Central Statistical Office (GUS). The positive trade balance reached €8.9 billion, contrasting with the previous year's deficit of €13 billion in the same period.

In terms of US dollars, exports amounted to $252.3 billion, showing a 3.5% increase, while imports dropped by 5.9% to $242.6 billion. The positive balance in the US dollar stood at $9.7 billion, a significant improvement from the previous year's deficit of $14.2 billion.

Source: ISBnews