Polish exports to Germany increased by 11%. y/y and amounted to EUR 16 billion in January-February 2023.
Germany’s share in exports decreased by 0.1 percentage point compared to the corresponding period of the previous year. and amounted to 28 percent, and in imports it fell by 0.4 percentage points. and accounted for 20.8 percent. The positive balance amounted to PLN 24.1 billion (USD 5.6 billion, EUR 5.2 billion) against PLN 14.8 billion (USD 3.7 billion, EUR 3.2 billion) in the same period of 2022, the Central Bank of Poland informed on Friday. Statistical Office.
“The largest trade in goods in imports by country of dispatch was recorded by Poland with developed countries – PLN 186.6 billion, including PLN 168.9 billion from the EU, compared to PLN 172.5 billion, including PLN 159.5 billion from the EU in the same period of 2022.
Turnover with the top ten of our business partners accounted for 66.8 percent. exports (64.8 percent in the same period of 2022), and total imports – 62.2 percent. (compared to 59.7 percent in January-February 2022), the Central Statistical Office also reported.
German daily: Economic miracle in Poland
“Whoever talks about the ‘Polish economy’ today means an economic miracle, a successful systemic change from a planned economy and scarcity to a social market economy,” Lars Gutheil, director of the Polish-German Chamber of Commerce and Industry (AHK) in Warsaw, recently pointed out in an interview with the German newspaper “Die Tageszeitung”.
The daily describes the growing importance of such economic centers in Poland as Wrocław, Poznań and Kraków. He describes the capital of Lesser Poland as the Polish Silicon Valley, and Warsaw as a “Polish city of boom”.
“TAZ” reminds that in 2020 Poland was promoted to the fifth most important trading partner of Germany in the world – which went largely unnoticed by the public opinion. Poland and Germany also set a new trade record of over EUR 167 billion.
