Economy
20:24 14 October 2021
Post by: WBJ

For the second time this year, Poland has a negative trade balance

For the second time this year, Poland has a negative trade balance
Sojrce: Photo by CHUTTERSNAP on Unsplash

Exports of goods from Poland increased by 19.37 percent y/y to €21.77 billion in August 2021, while imports increased by 32.9 percent y/y to €23.19 billion, according to data presented by the National Bank of Poland (NBP).

The balance of trade in goods was negative and amounted to €1.41 billion against €761 million of the negative balance a month earlier.

"In August 2021, the estimated value of exports of goods amounted to PLN 99.5 billion, and imports to PLN 106.0 billion. Two working days more than in August last year had a major impact on the high dynamics of trade in goods in August 2021. From May this year, a faster increase in the value of imports than exports is observed," the central bank commented.

"In August 2021, a deficit of PLN 6.5 billion was recorded for the second time this year. This means that the balance of trade in goods deteriorated by PLN 9.9 billion over the year. The deterioration of this balance was mainly caused by an increase in imports fuels and raw materials resulting from the increase in their prices," it was also reported.

(ISBnews


poland
nbp
trade balance

More News

lifestyle

LifeStyle
3 days ago

TikTok is growing the fastest in our region of Europe

LifeStyle
7 days ago

Titanic joins the LEGO family

LifeStyle
14 days ago

'Hate speech differs in intention from expressing one's own opinions': Edyta Herbuś

LifeStyle
23 days ago

Zdrowa Krowa restaurant to open in Fuzja in Łódź

Book of Lists

Book of Lists
10 months ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
1 year ago

25th jubilee edition of Book of Lists – project start

advertisement