Poland has trade gap with US: report
PR dla Zagranicy
Polish exports to the United States were worth USD 4.8 billion in 2016, while imports from the United States to Poland hit USD 5.6 billion.
Photo: sometimesfay/pixabay.com/CC0 Public Domain
In a report a day ahead of the arrival of US President Donald Trump in Warsaw, the IAR news agency reported that last year America was Poland’s 12th biggest export market and its eighth largest source of imports.
Exports to the US were up 7.7% on 2015, while imports increased 7.2%.
The figures come from preliminary data released by Poland’s Central Statistic Office (GUS).
According to the Ministry of Development, Poland exports to the US not only directly, but also through foreign distribution centres and through brokers in Western Europe who supply raw materials to American industry.
The actual value of Polish exports to the US is thus higher than the official figures, according to the IAR agency.
Meanwhile, Poland is likely to see significant US investment in the coming years, Tony Housh, Chairman of the American Chamber of Commerce in Poland, has said in an interview with the PAP news agency cited by the niezalezna.pl website.
Housh was cited by niezalezna.pl as saying there are several important sectors in Poland that US companies are interested in, not only further R&D projects, but also projects involving military modernization.
He said he was optimistic as to whether the visit by Trump to Poland on Wednesday and Thursday would lead to deals being signed.