Export up 19.4% y/y, import up 35.9% y/y in December 2021
01:55
Exports of goods from Poland increased by 19.4 percent y/y to €24.11 billion in December 2021, while imports increased by 35.9 percent y/y to €26.64 billion, according to data presented by the National Bank of Poland (NBP). Throughout 2021, exports of goods increased by 19.3 percent y/y and amounted to €281.59 billion, while imports increased by 26.1 percent y/y to €281.86 billion.
The balance of trade in goods was negative and amounted to €2.53 billion against €242 million of the negative balance a month earlier.
"In December 2021, the estimated value of exports of goods amounted to PLN 111.3 billion, and of imports to PLN 123 billion. This means an increase of 23.1 percent and 40.1 percent, respectively, compared to the corresponding month of 2020. The high dynamics of turnover are shaped by an upward trend in transaction prices, which is indicated by the highest increases in the value of exports and imports in the categories including fuels and supply goods. In exports, the value of such items as electricity and coke increased the most, as well as computers, road tractors, and buses. At the same time, the dynamics of exports were adversely affected by declines in sales of passenger cars and automotive parts, including electric batteries. Compared to the previous months, the dynamics of exports of durable consumer goods also decreased,” the central bank commented.
