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. 2014-04-24

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 700.00 2013-11-15 693.00 828.00 154.00 692.02 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.


South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News