A significant slowdown in the Polish trade growth in services has been already observed by the end of 2019. The Q4’19 results have been one of the weakest recorded since the end of the global financial crisis The current crisis in the global economy will certainly deepen this trend.
The increase in the volume of Polish foreign trade is accompanied by growing disparities in the geographical structure of exports and imports. A significant part of Polish exports to EU countries is made up of products imported from the third countries.
At the end of 2018, the value of foreign direct investments (FDI) carried out by Polish companies amounted to USD28.5bn. Poland ranked third among the countries of Central and Southeast Europe (CSE). Companies from the Czech Republic and from Hungary invest the most.
There is a growing number of signals indicating that after several years of marching towards the West, the Ukrainian economy is now making a turn to the East. In 2019, Russia ranked the third on the list of countries whose companies provide the most foreign direct investments in Ukraine.
Polish Tier 1 and Tier 2 suppliers of automotive parts are experiencing a slowdown in German exports. On the other hand, sales of components to other countries are increasing. In 2019, German automotive sector production decreased by 9 per cent.
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.