Exports increased by 25.8% in June, and imports jumped by 31.5%

Exports of goods from Poland increased by 25.8% annually to  28.1 billion euros in June 2022, while imports increased by 31.5% to 28.9 billion euros, the National Bank of Poland (NBP) data showed. The balance of trade in goods was negative and amounted to 849 million euros against 1.2 billion of the negative balance a month earlier.

The high nominal dynamics of commodity turnover results mostly from strong increases in transaction prices, both in terms of exports and imports. The increase in the value of exports was also driven by a large increase in sales to Ukraine, mainly fuels and used cars. In June, Ukraine moved to seventh place among the main recipients of goods from Poland, the central bank noted.

(ISB News)