KUKE: Exports up by 10% y/y in December

Polish exports grew by 10 percent year-on-year to €11.60 billion in December 2013, according to estimates from the Export Credit Insurance Corporation (KUKE) quoted by ISBnews. Compared to November, the figure fell by 14.7 percent. When calculated in złoty, exports grew by 6.7 percent y/y and by 3.2 percent m/m to zł.59.28 billion. Full-year data provided by KUKE show that in 2013 Polish exports grew by 4.4 percent y/y to €155 billion. The value in złoty increased by 4.8 percent to zł.650.77 billion. In the last few months domestic demand has increased, thus toning down export growth, the corporation said. Another downward factor was the complicated situation in trade with CEE partners, especially Russia. The KUKE expects that exports in December 2013 – February 2014 will grow by 3 percent in eurp and by 4.4 percent when calculated in złoty. /kw/jb