German imports at a two-year low

Poland's neighbor, Germany, has posted its biggest drop in imports in the last two years in October. Reuters reported that October imports were very low compared to a high result in the previous month. A 3.1 percent decline in imports was recorded on the month. Exports also fell by 0.5 percent on the month. Experts claim that the reason for slowed imports and exports is a fall in oil prices. German exports outside of Europe have increased moreso than inside Europe, according to data unadjusted for seasonal variables. Germany is Poland's main trade partner accounting for about 23 percent of Polish exports. Trade volumes between the countries reached €78 billion in 2013.