Grant Thornton: Polish exports to grow by 36% by 2020, Americas more important

Throughout last 25 years volume of Polish exports increased by 2069 percent (real growth, including the American dollar inflation), in next five years it is to rise by 35.6 percent, averagely 5.2 percent per year, Grant Thornton estimated in a report. Polish firms will sale more outside Europe, and less to the EU. Polish product were sold in 218 countries in 2014, according to data by GUS cited by Grant Thronton in the report. As the exports will increase in total by 35.6 percent, Polish exports to the US will grow most significantly in terms of particular countries, by 67.4 percent. However, what is worth noticing, sales of Polish products to both Americas will record an important growth, the share in the entire exports will reach 4.2 percent in 2020 (in 2015 is to stand at 3.5 percent), the report also reads. The biggest decline will be noted in share of exports to the EU, which will correspond to 72.7 percent, 4.4 percent less than in 2015.