Polish exports grow 9.1% y/y in October

Poland's October 2023 exports surged by 9.1% month-on-month and 2.7% year-on-year, reaching €30.016 billion, driven by the continuation of strong export activity from September. Analysts from the National Chamber of Commerce project a notable increase in growth compared to the previous year.

However, challenges in sustaining the earlier high export pace are anticipated due to differing inflationary processes, with this year's costs lower and demand softer. The report suggests a visible weakening trend in export dynamics, which might persist until early 2024. Factors like disruptions in supply chains and a strengthened dollar are expected to impact export competitiveness positively in 2024. The National Chamber of Commerce projects a 5.2% rise in exports to €338.7 billion in 2023 and an 11.3% increase to 376.9 billion euros in 2024.

Source: obserwatorfinansowy.pl