From Fibre2Fashion: USA now stands as Poland’s most important trading partner

The challenges and opportunities facing companies exporting to America, was the theme for the conference that took place at 11 am, on Thursday the 27th September, in the Polish Information and Foreign Investment Agency (PAIiIZ) Press Centre in Warsaw.

The dynamic growth in the inflow of American investments to Poland means that the USA now stands as Poland’s most important trading partner. During the first seven months of 2007, the value of Poland’s exports to the USA has exceeded 1.1 billion USD, while American imports into Poland have reached 1.8 billion USD.

In USA trading contacts from the beginning of last year, the largest areas of growth have been in the export of arms, ammunition and in works of art. Increases in turnover have also been noted in the export of goods based on vegetable products, of food articles, chemical products and in plastics…

It’s too bad that arms has to play such a large role. Polish fibre products, food, and industrial products, glassware, etc. are top notch. Check your retail shelves and look for these lovely items.

Note that the article may only be speaking of trade in fibre goods.

Dorota Dabrowski, Executive Director of the American Chamber of Commerce in Poland responds that the US makes up only 2% of Poland’s trade. Germany is the biggest trading partner at about 45% of the total and the EU in general at over 80%. US companies as investors are big, but again only 15-17%. The bulk of investors again come from the EU.