Defying the economic downturn caused by Covid-19, latest statistics show that Poland’s exports to Vietnam have jumped by a staggering 18% this year.
The surprising rise saw Polish exports to the Asian country soar from USD 215 million to USD 254 million in the first eight months of 2020.
According to Piotr Harasimowicz, the increase has been a result of a trio of factors – Covid-19, the US-China trade dispute, and a favourable EU trade agreement.
Products driving this increase included fresh, chilled and frozen pork meats which recorded a 119% year-on-year rise and milk and cream whose export surged by 65%. Elsewhere, sales of lactose, glucose and artificial honey were up by a whopping 525%.
Conversely, imports from Vietnam fell by just under 4%, though coffee and food products still enjoyed rising demand.
However, the biggest increase was reserved for the sale of ‘special vehicles’ such as ambulances; leaping by 3,520%, the export of these accounted for USD 35 million.
Piotr Harasimowicz, the Chief Representative Officer of the Polish Investment and Trade Agency (PAIH) in Vietnam, attributed the rise to a trio of factors, namely the effects of the Covid-19 crisis, the US-China trade dispute and the new free trade agreement with the EU.
A load of porkies! Polish pork products continued to enjoy strong demand in Vietnam.
Conversely, imports from Vietnam dropped by just under 4%, though coffee and food products such as coconuts, cashews and Brazil nuts did see an increase when compared to the same time period last year.
While Poland and Vietnam have enjoyed diplomatic ties since 1950, the Polish Trade and Investment Agency office in Ho Chi Minh City was only established in November 2017 when it was inaugurated during an official state visit by President Andrzej Duda.
The Link LonkOctober 31, 2020 at 11:25PM
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Hitting the pig time! Sales of pork products and 'special vehicles' see exports to Vietnam surge - The First News
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