Expansion into the Chinese market impossible without proper preparation,

According to the data provided by the Chinese customs office, in 2021 the value of trade between Poland and China increased significantly and has already exceeded $42 billion. (increase by 35.7 percent y/y). Traditionally, the main share in it was the import from China to Poland – its value amounted to $36.6 billion and was higher by almost 37 percent y/y. In turn, Polish companies sold goods and services worth $5.5 billion to the Middle Kingdom, i.e. by 28.3 percent more than a year ago. This, in turn, translated into a record deficit in the trade balance, which exceeded $31 billion. (compared to $22.4 billion in 2020).

"Asia is becoming the engine of economic growth in the 21st century," Andrzej Juchniewicz, head of PAIH's foreign office in Shanghai, said.

As he emphasized, especially China – which is already Poland's main trading partner in that region – creates huge development potential for Polish companies. However, expansion is associated with several barriers, nuances, and formalities, which makes it not as easy as doing business within the EU. Domestic companies should not, however, abandon expansion in China, which may bring great benefits, especially to companies from the food, cosmetics, and new technologies sectors.

(Newseria)