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FOREIGN TRADE
The country has experienced a balance of trade deficit over the years.
Major exportable commodities of the country are manufactured goods, food products and machines. Important exports partners of the country are UK, France and Italy.
Importable commodities are chemicals, minerals and fuels. Imports partners are France, Germany and Russia.
The following diagram shows the levels of exports and imports of the country:
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Country's overall trade scenario is as follows:
| Foreign Trade |
2000 |
2003 |
2004 |
| Merchandise trade (% of GDP) |
48.4 |
58.2 |
67.7 |
| Net barter terms of trade (2000 = 100) |
100.0 |
101.5 |
106.8 |
| Foreign direct investment, net inflows (BoP, current US$) |
9.3 billion |
4.1 billion |
12.6 billion |
| Long-term debt (DOD, current US$) |
56.2 billion |
76.0 billion |
82.3 billion |
| Exports of goods and services (% of GDP) |
27.8 |
34.4 |
39.0 |
| Imports of goods and services (% of GDP) |
34.4 |
36.9 |
41.0 |
CONCLUSION
Poland is a founding member of the World Bank. The banks office was opened in Poland in the year 1990. Since then the World Bank has stepped forward for the overall economic development of the country.
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