Trade surplus for Poland in Q1 2020: stats office

Poland had a foreign trade surplus of around EUR 900 million in the first three months of this year, the country’s Central Statistical Office (GUS) reported on Thursday.

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The country’s exports from the beginning of January to the end of March totaled EUR 59.9 billion, while imports were worth EUR 59 billion, the state-run statistics agency said.

Poland’s largest export markets during this period were Germany, the Czech Republic and Britain, while Germany, China and Russia were the country’s largest import markets.

Foreign trade turnover in Jan.-March. 2020 according to #exports at current prices amounted to PLN 254.9 bn (increase by 0.6% YoY), while #imports amounted to PLN 251.4 bn (decrease by 0.4% YoY).https://t.co/T7kLnfiaiO#StatisticsPoland #statistics #ForeignTrade #Poland pic.twitter.com/LDrWflegsH

— Statistics Poland (@StatPoland) May 14, 2020

Poland in mid-March temporarily closed its borders to non-residents in a move to curb the spread of the coronavirus and has extended the restriction four times since then.

The country’s borders stay open to the movement of goods.

Poland ended last year with a foreign trade surplus of EUR 1.8 billion, according to the Central Statistical Office.

The country’s exports totaled EUR 235.8 billion in 2019 as a whole, while imports were worth EUR 234 billion.

(gs)

Source: PAP, stat.gov.pl