22:03 18 September 2024
Polish exports rise amid German slump
Poland's share of global exports has reached its highest level in history, despite the German recession. While around 28% of Polish exports go to Germany, Poland’s economy continues to grow independently. Recent data shows Poland’s GDP grew 1% quarter-on-quarter, while Germany stagnated.
Polish industry has become less reliant on Germany, with exports increasingly diversified by sector and geography. In 2023, Poland's global export share rose to 1.6%, driven by strong sales to non-EU countries, which increased by 7%.
Additionally, foreign direct investment in Poland remains robust, with growing sectors like battery production benefiting from the shift towards electromobility, even as German industry struggles to adapt. Poland's industrial output is now 17% higher than pre-pandemic levels.
Source: money.pl
