Poland is sixth biggest economic partner of Germany - report

Poland is sixth biggest economic partner of Germany - report Rafał Guz/PAP

In the first five months of 2019, Poland surpassed Great Britain and became the sixth biggest economic partner of Germany in the world, the Polish Economic Institute (PIE) said in a report on Poland's trade with Germany, published on Wednesday.

Among EU member countries, only the Netherlands, France and Italy had a greater trade turnover with Germany than Poland between January and May of this year, PIE added.

The report states that Germany is the biggest foreign supplier of semi-finished products and services to the Polish export market, as well as the largest importer of Polish semi-finished products.

PIE also said that Germany has been Poland's largest economic partner since the early 1990s. In 2018, Poland's exports to Germany constituted 28.2 percent of all Polish exports, while imports stood at 22.4 percent. The surplus in turnover totalled EUR 13.7 bln in 2018.

According to the report, Polish exports are less dependent on the German economy than previous statistics show.

The Polish Economic Institute is a public think-tank dealing with economic issues. It provides analyses and expert opinions to the government and promotes Polish research on economic matters and social sciences.