Poland records over €3.6 bln trade surplus

In January-December 2015, the value of Polish exports reached €178.7 billion, an increase of 7.8 percent year-on-year, and imports reached a total value of €175  billion, an increase of 3.9 percent y/y, the Central Statistical Office (GUS) informed. The trade surplus amounted to around €3.678 billion, whereas in the same period in 2014, the trade deficit stood at €265.8 million. The positive trade balance is a result of surplus recorded with developed countries, especially with EU economies. Among the top biggest trade partners, Poland recorded the highest growth in exports with Spain (16.4 percent y/y), the Netherlands (14.4 percent y/y) and the UK (14.4 percent y/y). At the same time, Polish trade still had a deficit in trading with developing countries, totaling over €27 billion.