The COVID-19 pandemic has caused a deep decline in a foreign trade turnover. Although data on the scale of this collapse are still being collected, forecasts suggest that the decline in the volume of world trade will probably be...
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...
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...
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...
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...
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.
Germany sank into a technical recession in the Q2’19, its GDP fell 0.1 per cent. It worries most of the Western Balkan countries, as they depend on German economy.
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.
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.