Exports to Russia down by 7.7% y/y

Poland’s exports to Russia declined by 7.7 percent year-on-year to USD 5 billion in the first half of 2014, Deputy Prime Minister and Economy Minister Janusz Piechociński said, quoting preliminary data from the ministry. In January-May 2014 exports to Russia had dropped by about 6.7 percent y/y. Data from statistics office GUS show that it January-May 2014 Polish-Russian trade amounted to USD 14.7 billion, with exports at USD 3.97 billion and imports at USD 10.73 billion.