Export growth makes gains on imports though trade deficit still growing

The Central Statistical Office (GUS) says between January and May this year Polish exports increased 12.3% compared to last year totaling $12.3 billion, whereas imports increased only 9.8% to $19.5 billion. Despite the growth in exports however Poland still has a trade deficit which grew from $6.8 billion to $7.2 billion. A trade deficit is observed with all of Poland's trading partners. Traditionally the highest deficit in trade is observed with European Union (EU) countries. Among the main Polish trading partners higher than average exports could be seen in trade with countries such as Sweden, Belgium, the U.K., France and the U.S. As far as imports are concerned a higher than average level was observed with Russia, the U.S. and China. (Rzeczpospolita, page B2) A.D.