In 2015, Poland ranked 9th in the league table of Belgium’s main trading partners. In that year, Belgian exports to Poland amounted to EUR 6,787.9 million compared to EUR 6,237.8 million in 2014, i.e. a 8,8% increase. Belgian exports to Poland accounted for 1,8% of Belgium’s total sales.
Regarding imports, Poland was Belgium’s 17th biggest supplier in 2015. In that year, Belgian imports from Poland grew by 1,0%, from EUR 3,696.6 million in 2014 to EUR 3,732.6 million in 2015. Approximately 1,0% of total Belgian imports came from Poland.
Table 1. Evolution of Belgium’s trade with Poland for the period 2011-2015 (in million EUR)
|Exports||5 479.9||5 414.5||5 731.3||6 237.8||6 787.9|
|Imports||3 170.8||3 004.5||3 361.1||3 696.6||3 732.6|
|Trade Balance||2 309.1||2 410.0||2 370.3||2 541.2||3 055.3|
|Exports: variation in %||10,7||-1,2||5,9||8,8||8,8|
|Imports: variation in %||11,7||-5,2||11,9||10,0||1,0|
Belgium traditionally runs a merchandise trade surplus with Poland. It amounted to EUR 2 309.1 million in 2011. Belgium’s trade surplus with Poland rose to EUR 2 410.0 million in 2012, but fell to EUR 2 370.3 million in 2013. In 2014 the trade surplus started to progressively grow from EUR 2 541.2 million, reaching a record of EUR 3 055.3 million in 2015.
Graph 1. Variation of exports and imports between 2011-2015
The database of the Belgian Foreign Trade Agency, which registers more than 23,000 companies, records over 3000 Belgian companies that export to Poland and over 3500 companies that show an interest in the Polish market.
In 2015, exports to Poland were mainly comprised of 5 sections. These product groups accounted for 70.3% of total Belgian sales to this country:
Graph 2. Belgian exports to Poland by principal commodities in 2015
Graph 3. Variation of exports by principal products groups – Belgium – Poland in 2015
In 2015, three product groups represented roughly half (48,7%) of total Belgian purchases from Poland. These sections were:
Other product groups imported by Belgium from Poland were:
Graph 4. Belgian imports from Poland by principal commodities in 2015
There are several institutions in Poland responsible for promoting Belgian-Polish economic relations, including the Belgian Embassy with the three Regions (Brussels, Flanders, Wallonia). Each Region has its own Representative working actively on the Polish market to strengthen bilateral relations in trade and services. These 3-regions co-operate closely with the Belgian Business Chamber, which has been present in Poland for almost 25 years now. Together, they are a source of valuable information for potential investors and a partner in conducting business.
Source: Belgian Foreign Trade Agency, Rue Montoyer 3, 1000 Brussels, Belgium, www.abh-ace.be