GUS: trade surplus at over €2 bln in Q1, exports to Russia inches down

In January-March 2013, the value of Polish exports reached €42.45 billion, an increase of 5.2 percent year-on-year and imports value reached €40.4 billion, a decrease of 1 percent y/y, the Central Statistical Office (GUS) informed. The trade surplus amounted to around €2.05 billion, whereas in the same period in 2013, the trade deficit stood at €437.7 million. The value of Polish exports to Germany grew by 8.8 percent, totaling €11.66 billion, the value of imports from Poland's largest trade partner increased by 4.4 percent, and amounted to €9.3 billion. Therefore, the trade surplus stood at over €2 billion. What is important, the value of Polish exports to Russia fell by 32 percent and amounted to 1.17€ billion, in the American dollars, it decreased by 42.4 percent y/y and totaled $1.35 billion.