Poland has a high-income economy which is considered to be one of the best developed of the post-Communist countries and is one of the fastest growing within the EU. Having a strong domestic market, low private debt, flexible currency, and not being dependent on a single export sector, Poland is the only European economy to have avoided the late 2000s recession.
Poland's top exports include machinery, furniture, food, motor boats, light planes, hardwood products, casual clothing, shoes and cosmetics. Germany is by far the biggest importer of Poland's exports. Other trade partners include United Kingdom, France, Czech Republic, Russia, Italy, Netherlands, Sweden, United States, Ukraine.
Poland has a large number of private farms in its agricultural sector, with the potential to become a leading producer of food in the European Union. The largest exports of Poland include smoked and fresh fish, fine chocolate, and dairy products, meats and specialty breads, with the exchange rate conducive to export growth.
Poland is a net exporter of food, processed fruit and vegetables, meat, and dairy products. Processors often rely on imports to supplement domestic supplies of wheat, feed grains, vegetable oil, and protein meals, which are generally insufficient to meet domestic demand. However, Poland is the leading EU producer of potatoes and rye and is one of the world's largest producers of sugar beets and triticale. Poland also is a significant producer of rapeseed, grains, hogs, and cattle. Poland is the largest producer and exporter of apples in the entire world, surpassing China.
The economy of Poland is the largest economy in Central Europe, sixth-largest in the EU and the largest among the ex-communist members of the European Union. Before the late-2000s recession its economy grew a yearly growth rate of over 6.0%.
Poland is a founding member of the World Trade Organization. As a member of the European Union, it applies the common external tariff to goods from other countries including the United States. Major Poland's imports are capital goods needed for industrial retooling and for manufacturing inputs.
Commodities produced in Poland include electronics, cars (Arrinera, Leopard), buses (Solaris, Solbus), helicopters, transport equipment, locomotives, planes (PZL Mielec), ships, military engineering (including tanks, SPAAG systems), medicines (Polpharma, Polfa), food, clothes, glass, pottery, chemical products and others.
Most Polish imports are not for direct consumer consumption, but capital goods needed for manufacturing and industrial retooling. Poland imports machinery and transport equipment, cars, computers, intermediate manufactured goods, chemicals, minerals, fuels, lubricants and related materials and also miscellaneous manufactured articles.
Major import partners of Poland are European Union members (Germany, Italy, France), Russia and China.