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Poland in 7th place in world for export growth prospects: report

The Polish economy is in seventh place globally when it comes to export development prospects, according to a report by the Polish Economic Institute.

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According to the report published by the institute (PIE), Poland has comparative advantages in 451 groups of products out of the 1,236 analysed, which puts it in seventh place in the world. The total puts it ahead of the USA and Australia, but well behind table-topping China, which has 557.


The figures, which were published in the report “The transformation of Polish export – 30 years of growth and what next?”, underline the growing importance of exports to Poland’s economy.


According to PIE, at the beginning of Poland’s economic transformation, the value of its exports in relation to GDP stood at 15 percent and the proceeds covered 60 percent of import expenses.


“In 2015, Poland achieved a trade turnover surplus, and in 2019 the value of Polish exports in relation to GDP rose to 45 percent,” the report stated.


According to the report’s authors, this was possible primarily “thanks to the increased engagement of national enterprises in the global value chain – today almost 60 percent of Polish exports of goods and services are the result of integration with the global production system.”


The report noted that exports are one of the main factors of Poland’s rapid economic growth since 1989. Until 2003, companies with foreign capital were responsible for 74 percent of the growth in the export of goods from Poland and 90 percent of technologically advanced products.


“By 2018, only 41 percent of the growth in exports of general goods and 49 percent of the growth in exports of high or medium-high technology came from the activities of foreign companies,” the report stated.

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