Trade between Poland and Hungary increased yet again in 2019

Trade between Poland and Hungary increased in 2019 for another consecutive year, while the high positive balance for Poland continues to be significant, Katarzyna Ratajczak-Sowa, head of the Economic and Political Department at the Polish Embassy in Budapest told the Polish Press Agency (PAP).

"Poland is Hungary's fourth trading partner after Germany, Austria and Slovakia, the third largest supplier of goods and the second largest supplier of food to Hungary,” she said.

The largest part of the Polish-Hungarian trade are products from the electromechanical field, chemical sector and metallurgy, Ms Ratajczak-Sowa added.

According to the head of the Polish Investment and Trade Agency's (PAIH) Foreign Trade Office in Budapest Marcin Karaskiewicz, more Polish companies are still entering the Hungarian market despite the coronavirus pandemic.

Last year, PAIH introduced 13 Polish SMEs to the Hungarian market, including medical equipment, furniture and high technology companies, Mr Karaskiewicz said.

Data from Poland's statistical office GUS show that bilateral trade turnover grew by 7 percent and reached EUR 10.37 bn last year, while its positive balance amounted to EUR 2.6 bn for Poland. In 2019 Polish exports increased by 9 percent, imports from Hungary by 3 percent, GUS said.