17:38 1 August 2021
Post by: WBJ

Poland to be 22nd largest exporter in the world, as of 2020: PFR

Poland to be 22nd largest exporter in the world, as of 2020: PFR
Source: Photo by Paul Teysen on Unsplash

In 2020, Poland was the 22nd largest exporter in the world, Polish Development Fund wrote on Twitter on Friday, referring to  Central Statistical Office (GUS) data on trade turnover in 2020.

"Compared to 2001, our country moved up ten places in this ranking. In terms of exports, we have overtaken such large economies as Brazil, Saudi Arabia, and Turkey," we read on Twitter.

As reported by the GUS, the value of exports in current prices in 2020 amounted to PLN 1062.5 billion, and imports – PLN 1015.4 billion, the positive balance was at the level of PLN 47.2 billion.

The GUS reminded that in 2019 the balance amounted to PLN 5.1 billion, and compared to this year, exports in 2020 increased by 3.8 percent, while imports decreased by 0.3 percent.

The most important trade partner of Poland in 2020, both in terms of import and export, was Germany.

The largest group of goods, both in terms of import and export, are machinery, equipment, and transport equipment, with shares exceeding 36 percent.

The largest increase in exports was recorded for oils, fats, waxes, beverages, and tobacco, chemicals, and related products, as well as for food and animals.



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