Poland is the 24th largest export economy in the world and the 23rd most complex economy. Poland exported $212B, making it the 24th largest exporter in the world. Poland imported $223B, making it the 18th largest importer in the world.
Most of Poland’s imports are capital goods required for manufacturing purposes and industrial retooling. Since the imports are not for direct consumer consumption, trade deficit should be regarded as positive. The main import partners for Poland are Germany, Italy, Hungary, Russia, France, Turkey, Austria, Kazakhstan and China.
Imports in Poland increased to 19607 EUR Million in May from 19132 EUR Million in April of 2019. Imports in Poland averaged 10332.70 EUR Million from 2000 until 2019, reaching an all time high of 21153 EUR Million in October of 2018 and a record low of 3418 EUR Million in January of 2000.
Imports in Poland is expected to be 18650.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Poland to stand at 18100.00 in 12 months time. In the long-term, the Poland Imports is projected to trend around 17500.00 EUR Million in 2020.
Most of Poland’s imports are capital goods needed for industrial retooling and for manufacturing inputs: machinery and transport equipment, intermediate manufactured goods, chemicals, minerals, fuels and lubricants. In 2017, Poland’s main import partners were: Germany (23 percent of total imports); China (12 percent); Russia (7 percent); Italy (5 percent); France, the Netherlands and Czech Republic (4 percent each); the US and Belgium (3 percent each); and the UK (2 percent).
Exports in Poland increased to 19703 EUR Million in May from 19411 EUR Million in April of 2019. Exports in Poland averaged 9750.27 EUR Million from 2000 until 2019, reaching an all time high of 20686 EUR Million in October of 2018 and a record low of 2499 EUR Million in January of 2000.
Exports in Poland is expected to be 18170.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Poland to stand at 18700.00 in 12 months time. In the long-term, the Poland Exports is projected to trend around 17800.00 EUR Million in 2020.
From the beginning of the past decade, Poland’s foreign trade turnover increased almost ten-fold. Poland is a net exporter of processed fruit and vegetables, meat, and dairy products. Poland is also an exporter of electromechanical products (42% of total export): vehicles, aircraft and vessels. In 2017, main export partners were: Germany (27 percent of total exports); Czech Republic, the UK and France (6 percent each); Italy (5 percent); the Netherlands (4 percent); and Russia, Sweden, Spain and the US (3 percent each).
