Domestic
23:25 24 January 2021
Post by: WBJ

Exports of agri-food products.up by 7% y/y to €31.3 bln in I-XI’20

Exports of agri-food products.up by 7% y/y to €31.3 bln in I-XI’20
Source: Photo by philippe collard on Unsplash

The value of agri-food exports increased by 7 percent y/y to €31.3 billion in January-November last year, according to the calculations of the National Center for Agricultural Support (KOWR) based on the data of the Ministry of Finance. Deliveries to the EU countries generated €25 billion (increase by 5 percent), which accounted for 80 percent of the total revenues obtained from the export of agri-food products.

The increase in exports was mainly influenced by very good results of foreign sales in the first quarter of 2020 and in the period from June to November 2020. The weakening of the zloty against the EU currency and the US dollar contributed to the increase in exports, which in turn favored the competitiveness price of Polish agri-food products on the international market. At the same time, the import of agri-food products amounted to €20.4 billion and was 4.8 percent higher than in the previous year, 

The growth rate of exports exceeded the growth rate of imports, as a result, the positive trade balance increased by 11.1 percent compared to the same period of 2019, reaching €10.8 billion, the report also said.

Germany remained Poland's main trading partner – exports to this country amounted to €7.8 billion and were 11 percent higher than in the corresponding period of 2019. Important recipients of Polish agri-food products were also: Great Britain (€2.8 billion), The Netherlands (€1.8 billion), France (€1.7 billion), Italy (€1.6 billion), and the Czech Republic (€1.4 billion).

(money.pl

kowr
exports
agri-food

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