Portuguese exports to Poland thrive amid pandemic: report

Poland is one of the key export markets for Portugal during the COVID-19 crisis, with the value of exports to that country in November 2020 standing at EUR 83 mln, up 27.3 percent year on year, the Portuguese national statistical office announced on Friday.

The significant growth in exports to Poland put the country ninth among the biggest buyers of Portuguese goods. Among these countries, only Poland, Italy and Spain showed growth in imports from Portugal.

The national statistical office, Statistics Portugal, reported that Portuguese companies exported a total of EUR 3.75 bn worth of goods to EU countries in November, 2020, down 1 percent from a year earlier.

Lisbon-based economist Miguel Monteiro described the dynamic growth in exports to Poland as a "phenomenon" and said the data might encourage other Portuguese companies to seek out Polish markets.

"It might also be a signal that, despite the pandemic, the Polish economy is doing well, a sign of which is the high purchasing power of citizens and the good condition of companies there," Monteiro told PAP, going on to highlight a positive opinion of the Polish government's Covid crisis management, issued by the Portugal Global Trade & Investment Agency (AICEP) in Lisbon.

Portuguese exports to Poland are chiefly in vehicles, planes and ships as well as machinery, mechanical equipment and textiles.