The Netherlands remains fifth trading partner of Poland after 4 months of 2020
Foreign trade turnover in January-April 2020 in current prices amounted to PLN 320.8 billion in exports and PLN 317.5 billion in imports. The positive balance was at the level of PLN 3.3 billion, in the same period last year it amounted to PLN 1.5 billion. Compared to the same period of 2019, both exports and imports decreased by 5.3% and 5.8% respectively.
In April data, a decrease was recorded in export by 26.0% and in import by 24.9% compared to April last year. The SITC commodity section (machinery and transport equipment), whose dynamics in April this year had a significant impact on the foreign trade decrease, fell by 40.6% in exports and by 38.0% in imports.
In the first four months of this year Polish export was directed mainly to Germany, Czech Republic, United Kingdom, France and the Netherlands, while imports was received from Germany, China, Russia, Italy and the Netherlands. Among the main trade partners of Poland there was a decrease in exports, the largest to Italy, and in imports – increase was noted only from South Korea and the United States. Turnover with Poland’s top ten trading partners accounted for 65.5% of exports (66.8% in the same period last year), and total imports - 63.7% (against 63.6% in January-April 2019).
In January-April 2020 the Netherlands is the fifth importing partner of Poland and also fifth exporting partner. Its share in exports from Poland decreased in comparison with the corresponding period of last year by 0.3 pp and amounted to 4.4%, and imports has increased by 0.2 pp and accounted for 3.8% of total import to Poland.
In exports, the largest increase concerned oils, fats, waxes, animal and vegetable (by 17.8%), beverages and tobacco (by 11.7%), food and live animals (by 7.2%) as well as chemicals and related products (by 5.2%), while the decrease was noted, among others in mineral fuels, oils and derivative materials (by 27.6%), transport machines and equipment (by 10.0%) and industrial goods classified mainly by raw material (by 7.3%).
In imports, the largest increase was recorded in oils, fats, waxes, animal and vegetable (by 28.4%), beverages and tobacco (by 8.3%), food and live animals (by 7.3%), and chemicals and related products (by 6.4%), while a decrease was observed, among others in goods and transactions not classified in the SITC (by 32.5%), in mineral fuels, oils and related materials (by 17.2%), in inedible raw materials except fuels (by 13.2%), transport machines and equipment (by 10.4%) and industrial goods classified mainly by raw material (by 7.6%).
Source: Central Statistical Office