Poland’s trade balance recorded positive values in 2015, the country managing to score a surplus of nearly 10 billion PLN (some 9.863 billion PLN). Exports accounted for most of this amount, at 750.835 PLN, followed by 740.973 billion in imports. Compared to the trade recorded in 2014, last year Poland has seen a growth in exports of approximately 8.3 percent and a growth in imports of about 5.2 percent.

 

In the first half of 2016, the country’s trade surplus had a value of more than 4 billion euros (more than 18 billion PLN), while for the same period last year Poland recorded a trade surplus of only 2.2 billion euros. The value of the total Polish exports for this period was estimated at around 392.9 billion PLN. The statistical data was provided by the Polish Central Statistical Office.

 

Poland’s main export partners are countries like Germany, the United Kingdom, the Czech Republic, France, Russia, Italy or the Netherlands. Poland imports goods from Germany, Russia, China, the Netherlands or Italy.

 

Among the most important export commodities, we can list food and beverages, aluminium, copper, automobile parts as well as aircraft parts, electronic equipment, machines, engines, pharmaceuticals, medical and technical equipment and others.

 

Polish companies that engage in trade are subject to taxes in Poland, including the value added tax, customs taxes and tariffs and the usual corporate income tax. Special permits and licenses are needed to export or import certain categories of goods.

 

You can contact the experts at our Polish law firm for detailed information about export and import regulations in the country.