Over 40 containers filled with Polish foodstuffs are to reach Singapore in the coming months. The signed contracts are worth around PLN 5 million (EUR 1.13 million) and experts believe that there will be more long-term deals.
In terms of export value, service centres have overtaken automotive parts and furniture producers as Poland's main export, with a growth dynamic higher than the increase in jobs, the Puls Biznesu daily wrote on Monday.
Poland has overtaken Italy and become Germany's fifth biggest trade partner, the Development Ministry said on Tuesday, adding that bilateral trade rose by 6.6 percent in the first two months of 2020, which brought the trade balance to PLN 21 bln (EUR 4.7 bln).
Poland is among only four EU member states that posted growth in the first quarter of 2020, the Development Ministry said in a Friday comment to preliminary data published by the EU's statistical agency Eurostat.
Exports from Poland in March fell by 15.8 pct y/y and 12.3 pct m/m, according to forecasts of economists from the Polish Chamber of Commerce (KIG). They added that the volume of exports in the coming months would fall sharply.
Singapore will open its market to Polish eggs and egg and meat products, the Agriculture Ministry said on Friday, citing the Singaporean veterinary services.
Latest stats show that exports reached 1.137 trillion złoty last year, a jump of 6.6% compared to 2018.
The value of Poland's agri-food exports in 2019 reached an unprecedented level of EUR 31.4 billion, which was 5.8 percent higher than in 2018, according to data that has been published by the National Support Centre for Agricultural (KOWR).
A majority of Polish exporters continue to increase their involvement on the foreign markets by finding new customers or expanding their product range, according to a recent study carried out by the Polish Economic Institute (PIE).
In co-operation with Qingdao Gram Appliances, Amica has started selling Polish products on the Chinese market.