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Domestic exports in the first four months of 2023 are 18.8 percent higher than last year

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In the first four months of 2023, Polish companies exported agri-food products worth EUR 16.8 billion, which is 18.8 percent more than a year ago. This is the effect of higher global food prices and a rather weak zloty against the euro, assessed Marcin Wroński, deputy director of the National Support Center for Agriculture.

Marcin Wroński explained that the revenues obtained from foreign sales by domestic exporters in the first four months of 2023 were affected – as in 2022 – by high transaction prices of agri-food products on the international market, which were a consequence of rising food prices caused by inflation. In the first quarter of this year, the domestic export of food products was still supported by the depreciation trends of the zloty against the EU currency.

Sales of products primarily to the markets of the European Union

As noted, at the beginning of the second quarter of this year zloty quotes against the euro strengthened very dynamically, which made the price attractiveness of Polish products abroad slightly lower than in the first three months of this year. This was reflected in 17 percent. decrease in export revenues in April compared to March this year. Domestic exporters sold products primarily to the European Union markets; food exports to these countries accounted for 73% of export. Poland sent to EU countries in the first four months of this year. products worth EUR 12.3 billion, i.e. PLN 58 billion, i.e. for an amount 16 percent higher than in the previous year. higher than the year before. They remain the largest trading partner in agri-food products Germanywhich bought food from our companies for the amount of EUR 4.3 billion (an increase of 18%). Other recipients were: France, the Netherlands, Italy and the Czech Republic. In the first months of this year, cigarettes became the most important export product (revenues of EUR 1.3 billion), ahead of the export of poultry meat (EUR 1 billion) and dairy products (EUR 803 million). In addition, bread and bakery products, beef, animal feed and chocolate products were exported. Equally important is export outside the EU to the so-called third countries. In the period I-IV this year. In 2018, agri-food products worth EUR 4.5 billion (PLN 21.1 billion) were exported there, which means 27 percent. increase in revenues from exports – noted Wroński. The share of non-EU countries in the structure of Polish agri-food exports is growing and currently amounts to 26.6%. This is a positive phenomenon, as it leads to the diversification of food exports, believes the Deputy Director General of the KOWR.

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Trade with Great Britain

The increase in exports to these countries is due, among others, to trade with Great Britain, which, although outside the EU, still willingly purchases Polish food. To Great Britain in January-April this year. goods worth EUR 1.4 billion were exported (increase by 19 percent). As much as 47 percent. (up to EUR 357 million) exports to Ukraine increased, and by 35 percent. to Saudi Arabia. They are big customers United States, Nigeria (EUR 145 million, nearly 7-fold increase) and Israel. Poland exported to non-EU countries mainly: dairy products (EUR 392 million), wheat (EUR 374 million), poultry meat, bread and bakery products, chocolate and chocolate products, and cigarettes. Poland is also a food importer. – In January-April this year. we imported products worth EUR 10.9 billion, spent 12% more than last year. The increase in the value of imports was the result of rising transaction prices of imported raw materials, noted Wroński. The positive trade balance amounted to EUR 5.9 billion (PLN 27.7 billion), 33% more than in 2018. higher than in the corresponding period of 2022.

Read also: Exports increased by 80 percent. “The commission is investigating the situation”

Main photo source: Shutterstock

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