GUS: Exports up by over 7 percent y/y

In January-August, the trade balance amounted to €2.2 billion, €300 million more than in the corresponding period last year, the Central Statistics Office (GUS) reported. Polish exports were worth €115.6 billion, thus it recorded a 7.2 percent growth on a yearly basis. The imports totaled €113.4 billion, an increase of 3.3 percent y/y. The Export Credit Insurance Corporation (KUKE) predicts that exports will rise by 12.2 percent and will total €176.6 billion in 2015.