International
14:39 8 October 2019
Post by: WBJ

Poland joins the 25 largest exporters in the world in 2018

Poland joins the 25 largest exporters in the world in 2018
source: Piqsels

Poland joined the group of the 25 largest exporters in the world in 2018, and exports remain the development lever of the Polish economy, according to Bank Pekao's analysis. Over the past dozen or so years, the ratio of Polish exports to GDP increased by over 20 percentage points to 55 percent in 2018. The foreign trade surplus has been in the last three years at the level of PLN 70-80 billion.


“Nearly half of the value of our exports has been earned by less than 11,000 companies with foreign capital. As many as two-thirds of the top exporters in our country are local subsidiaries of major global concerns. At the same time, 27 percent of the total value added in Polish exports is generated abroad – it's more than just the average for developed countries, but also for most developing economies,” the release reads.


(ISBnews)

poland
bank pekao
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