Tridge summary
Poland's agri-food exports experienced a growth of 8.1% between January and July 2021, driven by the lifting of pandemic-related trade restrictions and a diversification of export destinations. The country saw a 3.9% increase in imports, reaching EUR 13.7 billion. Despite a decrease in exports to Great Britain, mainly due to administrative changes and stockpiling, Poland's positive trade balance rose by 8.1% to EUR 6.8 billion. The majority of exports were to the European Union, with Germany, France, the Netherlands, Italy, and the Czech Republic being the main recipients. Non-EU countries like Great Britain, Ukraine, Russia, Saudi Arabia, the USA, and Algeria also showed significant import values. The commodity structure of exports was led by meat and meat products, followed by cereal grains and processed products, with notable increases in dairy, sugar, fish, and preserves.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
What influenced the growth? The increase in exports in the seven-month period of 2021 was the result of: lifting restrictions on international trade introduced for pandemic reasons; significant diversification of export directions (194 countries), which made it possible to compensate for the decline in the value of exports to Great Britain, after that country left the EU customs union; agri-food products; growing economic activity of Polish entrepreneurs and good preparation of domestic companies to operate in the conditions of a pandemic and the continued demand for Polish products on the international market; economic recovery, especially in countries that are Poland's main trading partners. Positive balance The import of agri-food products reached EUR 13.7 billion and was 3.9% higher than in the previous year. From January to July 2021, compared to the previous year, Polish agri-food exports grew faster than imports, which resulted in an 8.1% increase in the positive trade ...
Source: E-warzywnictwo
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