Exports increased by 5.8 percent in Q1- Q3 2016 – GUS

During the first three quarters of 2016, Poland increased its trade surplus by 1.2 percent, y/y, according the Central Statistical Office (GUS). Exports from Poland grew by  5.8 percent (PLN 586.32 billion), while imports rose by 3.9 percent to  PLN 568.37 billion. Of those exports, 27 percent went to Germany, which is Poland’s largest trading partner. Exports to Russia, which is Poland’s 8th largest partner fell to 2.8 percent. The surplus was fueled mainly by an increase in exports to Germany, Sweden and Spain. Poland saw its exports to Russia, the UK and the Netherlands decrease slightly in comparison to the same period in 2015.