KIG expects an 18.1% y/y increase in exports in 2021
20:26
Polish exports increased by 13.5 percent y/y to €26.76 billion in November 2021 (up by 7.1 percent m/m), according to the estimates of the Polish Chamber of Commerce (KIG). Throughout 2021, exports will increase by 18.1 percent y/y to €278.8 billion, and in 2022 – by a further 13.1 percent y/y to €315.3 billion. The export results for the entire year 2021 should turn out to be much better than it was calculated at the beginning of the year, the KIG reported.
The KIG indicated that in November the zloty weakened against the euro by 1.2 percent to 4.6508 and at the same time it turned out to be 3.3 percent weaker than a year ago (in October the zloty was 1.2 percent weaker than a year ago). Therefore, the valuation of the zloty remained weak.
When analyzing export orders in 2021, the KIG indicated that compared to 20219, export orders in June were 27.3 percent higher, in July – by 21.9 percent, in August – by 25.3 percent, in September – by 11,4 percent, in October – by 17.4 percent, and in November – by 46.7 percent.
