Despite the EC’s support for alternative means of transport, road transport has been increasing its share in the total structure of transport, says PwC in a report “Transport of the Future. Prospects for the development of road transport in Poland in 2020-2030”. In 2016, road transport’s...
According to Eurostat data, the volume of industrial production of basic pharmaceutical products and preparations in the European Union in 2019 increased y/y. The highest y/y growth rate was recorded in May — 15.8 per cent.
Despite the slowdown in the external environment of the Polish economy, in the Q1’19 the rate of growth of Polish exports remained high. Mainly due to goods which have only recently been included in Polish exports.
Last year, 14 per cent of Lithuania's exports went to Russia, the largest share among the country's other importers. Latvia is Lithuania's second biggest trade partner, followed by Poland and Germany.
“The best income is earned at the beginning of a product’s origin, the medium, i.e. production, is the least attractive. Poland is right in the middle,” said Michał Gradzewicz, PhD, and Jakub Mućk, PhD.
In the conditions of weakening international trade, the increase in sales to Germany proved to have a positive impact on the growth of Polish exports in 2018. This was largely due to factors not related to demand.
In recent years, the participation of Polish enterprises in international value chains has been high, and a rising proportion of value added generated in Poland is being used in other countries’ exports.
The downturn in the automotive market has contributed to a slowdown in the European economy. This is affecting the German car industry and its suppliers, mainly from Central and Southeast Europe (CSE).