Foreign trade deficit at €989.7 mln

Poland exported goods worth €105.8 billion (PLN 441.50 billion, $144.92 billion) in January-August of 2014, according to data published by the Central Statistical Office (GUS) on Friday. Imports stood at €106.79 billion (PLN 445.63 billion, $146.26 billion). The resulting foreign trade deficit was €989.7 million (PLN 4.12 billion, $1.35 billion), GUS said. Compared to the corresponding period of 2013, exports grew by 6 percent and imports grew by 5 percent. Trade with EU countries stood for 76.7 percent of Poland’s exports and for 58.4 of imports. Trade with so-called CEE countries (Albania, Belarus, Moldova, Russia and Ukraine) stood for 7.6 percent of exports and 13 percent of imports. GUS also said that exports to Ukraine declined by 28.6 percent year-on-year in January-August 2014, while imports rose by 12.2 percent.