Poland’s Top Trading Partners

Top Polish Trading Partners

by Flagpictures.org

Nicknamed Polonia (Land of the Fields), Poland shipped US$196.5 billion worth of products around the globe in 2016. That figure represents roughly 1.2% of overall global exports estimated at $16.236 trillion one year earlier in 2015.

From a continental perspective, 87.6% of Poland’s total exports by value in 2016 were delivered to other European trade partners. Asian importers purchased 6.3% of Polish shipments while 3.4% worth arrived in North American countries. At 1.3%, a much smaller portion of Polish exports were bought by importers located in Africa.

Poland’s Top Trading Partners

Top 15

Below is a list showcasing 15 of Poland’s top trading partners in terms of exports sales. These are countries that imported the most Polish shipments by dollar value during 2016. Also shown is each import country’s percentage of total Polish exports.

  1. Germany: US$53 billion (27% of total Polish exports)
  2. United Kingdom: $13 billion (6.6%)
  3. Czech Republic: $12.7 billion (6.5%)
  4. France: $10.8 billion (5.5%)
  5. Italy: $9.5 billion (4.8%)
  6. Netherlands: $8.7 billion (4.4%)
  7. Russia: $5.8 billion (2.9%)
  8. Sweden: $5.7 billion (2.9%)
  9. Spain: $5.4 billion (2.8%)
  10. Hungary: $5.2 billion (2.6%)
  11. United States: $4.8 billion (2.4%)
  12. Slovakia: $4.7 billion (2.4%)
  13. Belgium: $4.2 billion (2.1%)
  14. Ukraine: $3.8 billion (2%)
  15. Romania: $3.5 billion (1.8%)

Over three-quarters (76.5%) of Polish exports in 2016 were delivered to the above 15 trade partners.

Among Poland’s top importers, America increased its Polish purchases by the highest percentage from 2009 to 2016 posting a 93.8% gain.

In second place was Romania (up 90.2% in value), followed by Czech Republic (up 59.3%) and Sweden (up 54.1%).

Italy experienced the most modest increase via its modest 1.3% uptick.

Deficits

As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.

It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.

In 2016, Poland incurred the highest trade deficits with the following countries:

  1. China: -US$21.5 billion (country-specific trade deficit in 2016)
  2. Russia: -$5.7 billion
  3. South Korea: -$2.8 billion
  4. Japan: -$2.3 billion
  5. Vietnam: -$1.4 billion
  6. India: -$1.4 billion
  7. Taiwan: -$987.7 million
  8. Bangladesh: -$984.8 million
  9. Ireland: -$900.6 million
  10. Belgium: -$724.4 million

Among Poland’s trading partners that cause the greatest negative trade balances, Polish deficits with Vietnam (up 356%), Belgium (up 312.8%) and Bangladesh (up 238.6%) grew at the fastest pace from 2009 to 2016.

These cashflow deficiencies clearly indicate Poland’s competitive disadvantages with the above countries, but also represent key opportunities for Poland to develop country-specific strategies to strengthen its overall position in international trade.

Surpluses

Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.

In 2016, Poland incurred the highest trade surpluses with the following countries:

  1. Germany: US$9.9 billion (country-specific trade surplus in 2016)
  2. United Kingdom: $8.2 billion
  3. Czech Republic: $6.1 billion
  4. France: $3.4 billion
  5. Sweden: $2.4 billion
  6. Romania: $1.8 billion
  7. Ukraine: $1.8 billion
  8. Hungary: $1.8 billion
  9. Netherlands: $1.6 billion
  10. Lithuania: $1.5 billion

Among Poland’s trading partners that cause the greatest positive trade balances, Polish surpluses with Netherlands (up 412.1%), Germany (up 335.9%) and Sweden (up 172.2%) grew at the fastest pace from 2009 to 2016.

These positive cashflow streams clearly indicate Poland’s competitive advantages with the above countries, but also represent key opportunities for Poland to develop country-specific strategies to optimize its overall position in international trade.

Companies

Companies Servicing Polish Trading Partners

Seven corporations rank among Forbes Global 2000 for 2015. Below is a sample of the major Polish companies that Forbes included:

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

According to global trading platform Alibaba, the following companies are examples of export companies located in Poland. Shown within parenthesis is the product category that the Polish business specializes in.

  • Ambra SA (sparking wines)
  • BIP SP (diesel heaters)
  • EWAX SC (undershirts, knitwear)
  • GENATA SP (laundry detergent)
  • POLSKA GRUPA MEBLOWA FURINI (furniture)
  • PPHU BIURO-DRUK Fialkowska Aurelia (leather cases)
  • STRAIGHTLINE TRADE LIMITED SP (water purification equipment)
  • TOMASZ RONATOWICZ TOP SOCZEWKI (watches)
  • Zbyszko Company SP (sparkling water)


 
See also Poland’s Top 10 Imports, Poland’s Top 10 Exports and Highest Value Poland Export Products

Research Sources:
The World Factbook, Field Listing: Imports – Commodities, Central Intelligence Agency. Accessed on March 1, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 1, 2017

Investopedia, Net Importer Definition. Accessed on March 1, 2017

Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on March 1, 2017

Alibaba Supplier information for Poland. Accessed on November 23, 2015