Poland’s Top 10 Exports

Poland’s Top 10 Exports

by Flagpictures.org

A Central European nation surrounded by Germany, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania and Russia, the Republic of Poland shipped US$230.9 billion worth of goods around the globe in 2017.

That dollar amount reflects a 13.3% increase since 2013 and a 17.5% rise from 2015 to 2016.

Based on estimates from the Central Intelligence Agency’s World Factbook, Poland’s exported goods plus services represent 56.2% of total Polish economic output or Gross Domestic Product. The analysis below focuses on exported products only.

From a continental perspective, 88.4% of Polish exports by value were delivered to fellow European countries. Smaller percentages were shipped to Asia (5.7%), North America (3.6%), Africa (1.1%) and Latin America excluding Mexico but including the Caribbean (0.7%).

Given Poland’s population of 38.5 million people, its total $230.9 billion in 2017 exports translates to roughly $6,000 for every resident in the Central European country.

Poland’s unemployment rate was 6.8% as of February 2018 down from 8.6% in January 2017, according to Trading Economics.

Poland’s Top 10 Exports

Top 10

The following export product groups represent the highest dollar value in Polish global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Poland.

At the more granular four-digit Harmonized Tariff System code level, Poland’s most valuable export products are automotive parts or accessories followed by exported cars.

  1. Machinery including computers: US$30.4 billion (13.1% of total exports)
  2. Vehicles : $27.2 billion (11.8%)
  3. Electrical machinery, equipment: $24.9 billion (10.8%)
  4. Furniture, bedding, lighting , signs, prefab buildings: $13.6 billion (5.9%)
  5. Plastics, plastic articles: $11 billion (4.8%)
  6. Articles of iron or steel: $7.4 billion (3.2%)
  7. Mineral fuels including oil: $5.8 billion (2.5%)
  8. Rubber, rubber articles: $5.4 billion (2.3%)
  9. Meat: $5.3 billion (2.3%)
  10. Wood: $4.8 billion (2.1%)

Poland’s top 10 exports accounted for almost three-fifths (58.8%) of the overall value of its global shipments.

Articles of iron or steel represent the fastest-growing among the top 10 export categories, up 25.9% in value from 2016 to 2017.

In second place for improving export sales was the meat category which gained 21.4%. This increase in value encompassed poultry, beef and pork.

Wood shipped from Poland posted the third-fastest gain in value up 23.8%, trailed by the 20.1% uptick for plastics and articles made from plastic.

Advantages

Overall Poland posted a $408.7 million trade surplus in 2017, down by -94.9% from the 7.9 billion in black ink one year earlier during 2016.

The following types of Polish product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports is the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

  1. Furniture, bedding, lighting , signs, prefab buildings: US$10.2 billion (Up by 11.8% since 2016)
  2. Vehicles: $4.8 billion (Down by -7.6%)
  3. Meat: $3.4 billion (Up by 23.6%)
  4. Wood: $3 billion (Up by 19.2%)
  5. Tobacco, manufactured substitutes: $2.6 billion (Up by 85.6%)
  6. Machinery including computers: $1.9 billion (Down by -13.4%)
  7. Copper: $1.7 billion (Up by 27.5%)
  8. Articles of iron or steel: $1.7 billion (Up by 33.5%)
  9. Cereal/milk preparations: $1.7 billion (Up by 16.2%)
  10. Dairy, eggs, honey: $1.6 billion (Up by 70.9%)

Poland has highly positive net exports in the international trade of chairs, mattresses, prefabricated buildings and lighting-related goods. In turn, these cashflows indicate Poland’s strong competitive advantages under the furniture, lighting and signs product category.

Opportunities

Below are exports from Poland that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Poland’s goods trail Polish importer spending on foreign products.

  1. Mineral fuels including oil: -US$10.6 billion (Up by 57.4% since 2016)
  2. Iron, steel: -$4.2 billion (Up by 29.9%)
  3. Plastics, plastic articles: -$3 billion (Up by 43.3%)
  4. Organic chemicals: -$2.9 billion (Up by 32.6%)
  5. Electrical machinery, equipment: -$2.1 billion (Up by 72%)
  6. Pharmaceuticals: -$2 billion (Down by -20.4%)
  7. Other chemical goods: -$1.2 billion (Up by 66.4%)
  8. Aluminum: -$1.1 billion (Up by 22.8%)
  9. Ores, slag, ash: -$1.1 billion (Up by 57.2%)
  10. Optical, technical, medical apparatus: -$985.1 million (Down by -21.6%)

Poland has highly negative net exports and therefore deep international trade deficits for mineral fuels-related products especially crude oil.

These cashflow deficiencies clearly indicate Poland’s competitive disadvantages in the international energy market, but also represent key opportunities for Poland to improve its position in the global economy through focused innovations particularly alternative energy sources.

Companies

Polish Export Companies

Seven corporations rank among Forbes Global 2000. Below is a sample of the major Polish companies that Forbes included:

  • KGHM Polska Miedz (diversified metals, mining)
  • Pgnig Group (oil, gas)
  • PKN Orlen (oil, gas)

Global trade intelligence firm Zepol mentions the following companies as examples of Polish export companies:

  • Cimir Poland (seats, furniture parts)
  • Nexter Automotive Poland S P Zoo (steering mechanisms, synchronous belts, goods transportation vehicles)
  • Radiatym Bogdar Tymkiewicz (iron and stainless steel fittings, frozen fish fillets, palmitic/stearic acid)
  • Tristone Flowtech Poland (tubes/pipes/hoses, latex, rubber transmission belts)


 
Poland’s capital city is Warsaw.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level.

See also Poland’s Top Trading Partners, Poland’s Top 10 Imports and Top EU Export Countries

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 25, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 25, 2018

Trade Map, International Trade Centre. Accessed on March 25, 2018

Investopedia, Net Exports Definition. Accessed on March 25, 2018

Wikipedia, List of Companies of Poland. Accessed on March 25, 2018

Wikipedia, Poland. Accessed on March 25, 2018

Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on March 25, 2018

Zepol’s company summary highlights by country. Accessed on March 31, 2016