Polish foreign trade balance up tenfold in 2020

In 2020, there was a 10-fold increase in the balance of trade in Poland's foreign trade, according to Robert Tomanek, Deputy Minister of Labor and Technology Development. The Economy and Development Committee adopted the information of the ministry on activities for the development of Polish exports and strengthening the role of the Polish economy on foreign markets. The data presented, inter alia, shows that despite the pandemic, last year there was a 10-fold increase in the balance of trade in Polish foreign trade. The balance calculated in PLN increased to PLN 54 billion, while in 2019 it was about PLN 5 billion.

The Ministry's data show that in 2020, exports calculated in euro amounted to approx. €237 billion and were 0.3 percent lower than the year before.

"This is one of the better results in the European Union," Tomasz Salomon, the deputy head of the department of trade and international cooperation, MRPiT, said.

He added that at that time Germany recorded a decline in exports by 9 percent, the Netherlands by 7 percent, France by 16 percent, and Italy by 10 percent. Moreover, as he noted, Poland strengthened its position on the German market, becoming the largest supplier of goods to the local market.

Deputy Minister Tomanek pointed out that as part of supporting Polish exports and building strong domestic brands, MRPiT supports Polish entrepreneurs in various promotional activities.

"We chose 12 industries with both export and image potential to build a strong and recognizable brand of the Polish economy. Entrepreneurs participating in promotion programs may receive support under the Go to Brand project," he said.

(PAP)