The report analyzes the current state and future potential of economic cooperation between Poland and the United Kingdom. Prepared by Business Intel for the British Polish Chamber of Commerce (BPCC), it highlights the significant growth in trade between the two countries, which has increased by 35% over the past five years, reaching €36.4 billion in 2023.
Key Findings
Trade & Investment: The UK remains Poland’s fourth-largest export market, with Polish exports to the UK valued at €17.5 billion in 2023. Poland maintains a substantial trade surplus with the UK, totaling €11.4 billion.
Service Sector: The UK is the third-largest recipient of Polish services (7.7%) and the second-largest provider (8.1%), with key industries including IT, consulting, finance, and outsourcing.
British Investments in Poland: British investments in Poland reached PLN 91.4 billion, marking a 103% increase compared to 2018. Over 1,400 companies with UK capital operate in Poland, employing 113,000 people.
Polish Companies in the UK: Polish businesses are increasingly expanding into the UK market. In 2022, the total value of Polish direct investments in the UK reached £460 million, setting a record. Companies such as InPost, Atlas, and TFKable have successfully established themselves in the British market.
Future Prospects
The report emphasizes that the UK remains a crucial economic partner for Poland, with opportunities for further cooperation in trade, investment, and services. Strengthening business ties between the two nations could lead to continued growth and mutual benefits.