Poland Balance of Trade

Poland recorded a trade surplus of 179 EUR Million in February of 2014. Balance of Trade in Poland is reported by the Central Statistical Office of Poland (GUS). Balance of Trade in Poland averaged -643.09 EUR Million from 2000 until 2014, reaching an all time high of 660 EUR Million in September of 2013 and a record low of -2066 EUR Million in December of 2008. From the beginning of the past decade, Poland’s foreign trade turnover increased almost ten-fold. Poland exports processed fruit and vegetables, meat, dairy products, electromechanical products, vehicles, aircraft and vessels. Most of Poland's imports are capital goods needed for industrial retooling and for manufacturing inputs like machinery and transport equipment, chemicals, minerals, fuels and lubricants. European Union is by far its largest trading partner accounting for about 79% of exports and 64% of imports. This page provides - Poland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
179.00 426.00 660.00 -2066.00 -11.87 | 2014/03 2000 - 2014 EUR Million Monthly


Poland Balance of Trade

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-17 01:00 PM Poland
Balance of Trade
Nov 2013 € 7M € 68M (R) € 101.1M
2014-02-12 01:00 PM Poland
Balance of Trade
Dec 2013 € -232M € 7M € 193.6M
2014-03-12 01:15 PM Poland
Balance of Trade
Jan 2014 € 176.4M € -232M € 62.3M
2014-04-11 01:00 PM Poland
Balance of Trade
Feb 2014 € 179M € 426M (R) € 462.5M
2014-05-15 01:00 PM Poland
Balance of Trade
Mar 2014 € 179M € -11.9M

Trade Last Previous Highest Lowest Forecast Unit
External Debt 379279.00 2013-12-31 376557.00 379279.00 59532.45 383232.92 2014-03-31 USD Million [+]
Foreign Direct Investment 178256.70 2012-12-31 157151.10 178256.70 9228.20 193249.64 2013-12-31 EUR Million [+]
Remittances 693.00 2013-08-15 685.00 828.00 154.00 692.02 2013-12-31 EUR Million [+]
Terms of Trade 96.20 2013-12-15 106.60 112.30 90.60 100.37 2014-01-31 Index Points [+]
Current Account to GDP -1.30 2013-12-31 -3.70 5.30 -15.70 -1.18 2014-12-31 Percent [+]
Balance of Trade 179.00 2014-02-28 426.00 660.00 -2066.00 -11.87 2014-03-31 EUR Million [+]
Exports 12773.00 2014-02-28 13517.00 15145.00 2499.00 13440.20 2014-03-31 EUR Million [+]
Imports 12594.00 2014-02-28 13091.00 14886.00 3418.00 13789.70 2014-03-31 EUR Million [+]
Current Account -572.00 2014-02-15 -825.00 569.00 -3367.00 -816.19 2014-03-31 EUR Million [+]

Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


Poland Unemployment Rate at 13.9%  
In February of 2014, Polish jobless rate slowed marginally to 13.9 percent from 14 percent in January. It is the first decline in six months.
Polish GDP Growth Revised Up to 0.6%  
In the fourth quarter of 2013, Poland’s economic growth was revised upwards to 0.6 percent on a quarter-on-quarter basis, up from an earlier estimate of 0.5 percent, but down from 0.7 percent in the previous three-month period.
Polish Unemployment Rate Rises in January  
In January of 2014, Poland’s jobless rate rose for the third straight month to 14 percent from 13.4 percent recorded in December last year. A year earlier, unemployment was recorded at 14.2 percent.
Polish Economy Expands Less Than Forecast in Q4  
Poland's GDP grew 0.5 percent from the previous quarter in the last three months of 2013, down from 0.7 percent in the third quarter as consumer spending recovery was lower than expected.
Poland Unemployment Rises to 7-Month High in December  
In December of 2013, Polish jobless rate rose to 13.4 percent from 13.2 percent recorded in November. It is the highest jobless rate since May of 2013.
Polish Unemployment Rate Rises in November  
In November of 2013, Polish jobless rate increased to 13.2 percent after remaining steady at 13 percent in the previous three months, mainly due to seasonal effects. Last year, November’s unemployment was recorded at 12.9 percent.
Polish GDP Growth Confirmed at 0.6% QoQ in Q3  
In the third quarter of 2013, Poland's economy expanded 0.6 percent over the previous three-month period, up from 0.4 percent in the June quarter. The figures match the initial estimate released earlier November and show that the economy accelerated for the third straight quarter.
Poland Unemployment Rate Unchanged in October  
In October, Polish jobless rate remained unchanged at 13 percent for the third consecutive month, after falling in the previous nine months. Youth unemployment continued to fall when compared with the previous year.
Polish Economy Rebounds in Q3  
Poland's GDP expanded by 0.6 percent quarter-to-quarter from July to September compared to 0.4 percent growth in the previous three month period, according to a flash estimate published by statistics office GUS.
Polish Unemployment Rate Steady at 13% in September  
In September of 2013, Poland's unemployment rate remained unchanged at 13 percent, after falling in the previous nine months.


Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.

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