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Warsaw, 30 September 2016.
International trade in services in 2015
In line with international requirements, international trade in services data have been
aligned with balance of payments statistics. Annual data on trade in services however comprise
significantly wider structural and geographical breakdown. On its website, Narodowy Bank
Polski published detailed structure of credits and debits against services broken down by major
counterparties.
Methodological note on international trade in services is available on NBP website 1.
In 2015, international trade in services balance was positive and stood at PLN 45.6
billion. This balance was predominantly influenced by: transportation, manufacturing
services on physical outputs owned by others (processing) and travel. Balance on
transportation stood at PLN 18.7 billion. manufacturing services on physical outputs
owned by others amounted to PLN 11.5 billion. Balance on travel stood at PLN 7.4
billion. In 2015, for the first time, a positive balance on trade in other services has been
recorded2.
Mld PLN
Graph 1: Structural breakdown of international trade in services.
50
Usługi
transportowe
Uszlachetnianie
40
30
Pozostałe usługi
20
Podróże
zagraniczne
Naprawy
10
0
-10
2010
1
2011
2012
2013
2014
2015
http://www.nbp.pl/home.aspx?f=/statystyka/mhu.html
2
Other services include i.a.: construction services, financial services, telecommunication, information and computer
services and other. Detailed description of these categories can be found in “International trade in services –
methodological note” available on NBP website.
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During the discussed period positive balance on international trade in services
went up by PLN 7.7 billion when compared with 2014. Other services which went up by
PLN 4.5 billion had the biggest impact on improvement of this balance. Furthermore,
increase in balance on services (up by PLN 4.5 billion) as well as maintenance and repair
services (up by PLN 1.1 billion) also contributed to the improvement in the balance on
international trade in services.
In 2015 credits was growing at a faster pace than debits. Credits on services stood
at PLN 107.1 billion, up by PLN 16.4 billion (10.6%) when compared with the previous
year. Debits amounted to PLN 124.5 billion, up by PLN 8.7 billion (7.5%).
Please take note that, since 2010, the credits on services have increased by 59.2 %
while increase in debits has been significantly lower and stood at 32.9%.This led to an
improvement in the international trade in services balance – up from PLN 13.2 billion in
2010 to PLN 45.6 billion in 2015 (increase by almost 3.5 times).
Mld PLN
Graph 2: International trade in services – credits and debits.
180
160
140
120
100
80
60
40
20
0
2010
2011
2012
Przychody
2013
2014
2015
Rozchody
The greatest impact on credits against services was, as usual, exercised by trade
in other services – namely transportation and travel. In 2015 inflows against other
services amounted to PLN 68 billion, up by PLN 9.4 billion when compared with the
corresponding period of 2014 (over half of total growth in credits). The abovementioned
increase resulted from increase in credits on information and computer services (up by
PLN 3.1 billion) as well as increase in credits on professional and management services
i.a. legal, consulting, accounting services etc. (up by PLN 2.4 billion).
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In 2015 credits against transportation amounted to PLN 45.3 billion – 62.7% of
which was freight road transport. During the discussed period total value of
transportation services provided to non-residents increased by PLN 3.4 billion (8.0%).
Significant increase in credits against non-resident travel, observed during the
discussed period, which amounted to PLN 2.2 billion, was related to increased shortterm migration from the Ukraine and consequently an increase in expenditure of
Ukrainians incurred in Poland.
Majority of services by Polish entities were sold to non-residents from European
Union. Credits originating from the EU amounted to 70% of all credits. Germany proved
the most important counterparty in trade in services. In 2015 German entities purchased
services worth of PLN 40.0 billion, up by PLN 2.7 billion when compared with the
previous year.
The greatest impact on debits against services was, similarly to credits, exercised
by trade in other services, which stood at PLN 63.4 billion – up by PLN 4.7 billion (8.0%)
when compared with 2014. Resident expenditure on travel amounted to PLN 29.9 billion
(up by PLN 2.0 billion). Transportation services purchased from non-residents increased
significantly and stood at PLN 26.6 billion – PLN up by 1.8 billion. The greatest impact
on debits on transportation were, similarly to credits, exercised by freight road transport.
EU Member States prevailed in the geographical breakdown of debits against
services. Value of services sold by non-residents from the EU equaled to 78.6% of total
debits. Similarly to credits, Germany proved the most important counterparty in trade in
services. In 2015 German entities sold services worth of PLN 25.4 billion.
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