Date,
Time MSK

25.03.2016



Polish-Russian Bilateral Trade in 2015


In 2015 Polish-Russian bilateral trade volume decreased by 40% and reached 19.7 billion USD compared to 32.8 billion USD in 2014.


Polish exports to Russia fell to 5.7 billion USD (by 39%) while imports fell to 14.0 billion USD (by 40%) (see Figure 1).



Figure 1. 2007-2015 Polish-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Polish-Russian bilateral trade turnover, billion USD.png


Polish exports to Russia


Poland primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Machinery, nuclear reactors, boilers, etc (19%)

▪ Electrical, electronic equipment (9%)

▪ Plastics and articles thereof (6%)

▪ Essential oils, perfumes, cosmetics, toileteries (6%)

▪ Vehicles other than railway, tramway (4%)

▪ Pharmaceutical products (4%)

▪ Ships, boats and other floating structures (4%)

▪ Paper and paperboard, articles of pulp, paper and board (4%)

▪ Furniture, lighting, signs, prefabricated buildings (3%)

▪ Tanning, dyeing extracts, tannins, derivs,pigments etc (3%)

▪ Articles of iron or steel (3%)

▪ Miscellaneous manufactured articles (3%)

▪ Tools, implements, cutlery, etc of base metal (3%)

▪ Rubber and articles thereof (2%)


In 2015 the imports of Polish made products in Russia experienced a significant fall. The imports of vehicles other than railway, tramway fell by 55%; the imports of electrical, electronic equipment- by 49%.



Figure 2. Structure of Polish Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Polish Exports to Russia in 2015.png



Table 1. Key products exported from Poland to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Polish products

84

Machinery, nuclear reactors, boilers, etc

$1,573,909

$1,063,629

-32%

1.8

1.9

85

Electrical, electronic equipment

$1,044,364

$533,760

-49%

3.00

3.4

39

Plastics and articles thereof

$543,004

$367,124

-32%

4.00

7.2

33

Essential oils, perfumes, cosmetics, toileteries

$385,609

$340,534

-12%

5.8

9.7

87

Vehicles other than railway, tramway

$528,846

$237,275

-55%

1.5

12.6

30

Pharmaceutical products

$310,523

$226,741

-27%

1.5

5.5

89

Ships, boats and other floating structures

$229,980

$222,503

-3%

0.8

7.4

48

Paper and paperboard, articles of pulp, paper and board

$252,862

$202,390

-20%

9.6

9.3

94

Furniture, lighting, signs, prefabricated buildings

$298,972

$172,605

-42%

6.4

11.9

32

Tanning, dyeing extracts, tannins, derivs,pigments etc

$255,861

$164,774

-36%

8.3

3.7

73

Articles of iron or steel

$290,733

$158,759

-45%

3.3

9.3

96

Miscellaneous manufactured articles

$205,180

$158,179

-23%

1.9

10.6

82

Tools, implements, cutlery, etc of base metal

$265,723

$154,302

-42%

4.1

6.7

40

Rubber and articles thereof

$168,839

$117,680

-30%

3.2

7.1



Russian exports to Poland


In 2015 Russia has exported to Poland the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (65%)

▪ Commodities not elsewhere specified (17%)

▪ Iron and steel (2%)

▪ Aluminium and articles thereof (2%)

▪ Fertilizers (2%)

▪ Ships, boats and other floating structures (2%)

▪ Rubber and articles thereof (2%)

▪ Inorganic chemicals, precious metal compound, isotopes (1%)

▪ Organic chemicals (1%)

▪ Pulp of wood, fibrous cellulosic material, waste etc (1%)

▪ Residues, wastes of food industry, animal fodder (1%)


2015 showed a significant rise in Russian exports to Poland of machinery, nuclear reactors, boilers (+23%). At the same time the exports of mineral fuels, oils, distillation products (-47%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Poland in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Poland in 2015.png



Table 2. Key products exported from Russia to Poland in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$17,194,036

$9,128,087

-47%

73.4

99

Commodities not elsewhere specified

$3,389,690

$2,375,764

-30%

83.6

72

Iron and steel

$381,756

$349,550

-8%

4.6

76

Aluminium and articles thereof

$254,105

$304,981

20%

6.8

31

Fertilizers

$304,326

$262,040

-14%

32.9

89

Ships, boats and other floating structures

$218,820

$244,872

12%

5.3

40

Rubber and articles thereof

$277,925

$236,468

-15%

7.5

28

Inorganic chemicals, precious metal compound, isotopes

$350,264

$209,290

-40%

25.4

29

Organic chemicals

$203,488

$176,995

-13%

4.7

47

Pulp of wood, fibrous cellulosic material, waste etc

$70,115

$78,238

12%

10

23

Residues, wastes of food industry, animal fodder

$100,092

$75,099

-25%

5.3

44

Wood and articles of wood, wood charcoal

$74,154

$65,766

-11%

4.5

39

Plastics and articles thereof

$53,802

$65,390

22%

0.4

84

Machinery, nuclear reactors, boilers, etc

$49,244

$60,435

23%

0.2



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.




Table 3. Macroeconomic Indicators for Russia and Poland. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Poland

GDP in 2014, billion dollars

1,857.461

546.644

GDP in 2015, billion dollars

1,175.996

491.239

Inflation, average consumer prices, %

7.82

-0.83

Volume of imported goods, billion dollars

282.6

194.1

Volume of exported goods, billion dollars

492.1

198.2

Unemployment rate, %

5.10

7.99

Population, millions

143.7

38.0


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