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Polish export doubled during the last five years!
( 14 / February / 2006 )
In 2005 Polish companies exported USD 89.3 billion worth of goods. Exceptionally strong Polish zloty did not slow down the export growth, but also allowed entrepreneurs to buy modern technologies abroad for very favorable prices.
Most recent Central Statistical Office (GUS) data paints a very optimistic picture – Poland is selling more and more products to foreign countries. Polish companies conquer new markets, participate in trade fairs and are more persuasive in attracting foreign clients. During the last five years the value of Polish export doubled from EUR 34.4 billion in 2000 to EUR 71.4 in 2005.
Source: Central Statistical Office (GUS)
Exporters constantly look for ways to lower the costs and improve the quality at the same time. Currently, thanks to the strong Polish zloty, they are able to buy most modern technologies at very favorable prices. According to the National Bank of Poland (NBP) the value of import in companies’ costs was highest in history.
In 2005 Polish companies exported goods worth USD 89.3 billion. Value of Polish export rises rapidly: during 2005 it increased by 21.1% (in USD) in comparison to year 2004.
Main directions of Polish exports in 2005
| arket | mln PLN | mln USD | mln EUR | % |
| Developed countries | 241,399.5 | 74,753.1 | 59,700.7 | 83.6 |
| value of EU | 222,964.0 | 69,035.4 | 55,149.1 | 77.2 |
| value of the Euro zone | 156,495.0 | 48,484.5 | 38,702.0 | 54.2 |
| Central Eastern Europe | 28,907.0 | 8,921.4 | 7,152.1 | 10.0 |
| Developing countries | 18,375.8 | 5,672.4 | 4,541.0 | 6.4 |
| Total | 288,682.3 | 89,346.9 | 71,393.8 | 100.0 |
Source: Central Statistical Office (GUS )
Foreign turnover in 2005 concentrated on trade exchange with developed countries, this share in export was 83.6%. Trade exchange with EU constituted 77.2% of Polish export and 65.6% of the total import value. Germany remains Poland’s most important economic partner. Its share in the total value of Polish export was 28.2% and it amounted to 24.7% in import in 2005.
Polish export is based on several key industry sectors. Export of food products increased by 20% from January to September 2005, in comparison to 2004. At the same time, due to foreign investments and international production cooperation, the car industry increased its export by 21%. Furniture, automotive parts, ships and plastic goods are also important in Polish export. Sales of coal and coke during first three quarters of 2005 brought in slightly more than 3% of the total export value.
Among major trade partners of Poland, highest dynamics of trade turnover was observed in export to Russia, Czech Republic, Great Britain Ukraine and France and in import - from Russia, China, and Belgium.
Percentage structure
of Polish export in 2005
| Percentage structure | ||
| 2004 | 2005 | |
| 1. Germany | 30.2 | 28.2 |
| 2. France | 6.1 | 6.2 |
| 3. Italy | 6.1 | 6.1 |
| 4. Great Britain | 5.4 | 5.6 |
| 5. Czech Republic | 4.3 | 4.5 |
| 6. Russia | 3.7 | 4.4 |
| 7. Netherlands | 4.3 | 4.2 |
| 8. Sweden | 3.5 | 3.1 |
| 9. Belgium | 3.2 | 3.0 |
| 10. Ukraine | 2.8 | 2.9 |
Source: Central Statistical Office (GUS)