Polish exports remain profitable - NBP

Polish export profitability remained high in Q1 2023, according to a report by the National Bank of Poland. The average declared threshold exchange rate for export profitability by companies was 8.5% higher than the market rate for the euro and 9.5% for the dollar. Consequently, the percentage of companies reporting unprofitable exports and the share of unprofitable exports in total exports remained low.

The report also noted a historically low percentage of companies identifying the exchange rate as a development barrier (4% compared to 5% in Q4 2022). This reduction may be due to the favorable strengthening of the euro against the dollar for non-financial Polish companies, resulting in increased profitability of euro-denominated exports and dollar-denominated imports, NBP stated.

Source: Strefainwestorow.pl