Poland booked a EUR 2.9-billion trade surplus in January-March, the Polish Economic Institute (PIE) said on May 18 citing data from the Central Statistical Office (GUS).
PIE wrote that the surplus was partly due to a nearly 16% rise in export prices and an only 11% rise in import prices. The institute noted that export prices rose the most in the food and beverages segment, while import prices were kept down owing to falling fuel prices.
PIE also wrote that in Q1 Germany was Poland’s chief foreign trade partner, but imports fell by 0.9%, to 20%. The share of second trade partner, China, fell by 1%, to 13.5%. (PAP/Business World Magazine)
