Poland Balance of Trade

Poland recorded a trade deficit of 1116.90 EUR Million in March of 2013. Balance of Trade in Poland is reported by the CSO, Poland. Historically, from 2000 until 2013, Poland Balance of Trade averaged -710.0 EUR Million reaching an all time high of 602.0 EUR Million in February of 2013 and a record low of -2066.0 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 includes a chart with historical data for Poland Balance of Trade.

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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.










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