Exports up 12% y/y in February - KIG

Polish exports increased by 12% YoY to EUR 27.03 billion in February 2023 (and by 3.5% MoM), according to estimates by the Polish Chamber of Commerce (KIG). The Chamber estimates that in 2022, exports increased by 21.6% to EUR 320.6 billion, and will increase by 14.5% YoY to EUR 367 billion in 2023, and by 12.6% YoY to EUR 413.1 billion in 2024. The weaker economic activity in February, due to the gradual restocking of goods depleted in December, resulted in a modest growth in sales, but the annual sales growth will improve to 12% from 10.8% last year. The weaker Polish currency against the euro and the dollar in February could impact the export growth rate in the future. However, factors such as orders in the industrial sector and disruptions in supply chains favor Polish exporters.

Source: ISBnews