The increase in the volume of Polish foreign trade is accompanied by growing disparities in the geographical structure of exports and imports. A significant part of Polish exports to EU countries is made up of products imported from the third countries.
Poland's dominant position in EU road transport is a result of the growing trade turnover, the liberalization of access to the market of EU transport services and the high price competitiveness of Polish companies.
With Poland growing at a rate of over 4 per cent, while its neighbors show tepid growth, Asians have been eyeing investments with South Koreans leading the way in Warsaw real estate. But Poland has another Asian partner on its doorstep, — 50,000-strong Vietnamese community.
The Eastern Opening (Keleti Nyitás) is a major economic strategy of Hungary. Prime Minister Victor Orbán has an objective to reduce the dependency of the Hungarian economy on trade with the West through increased commerce with countries in Asia, particularly China.
Despite the slowdown in the external environment of the Polish economy, in the Q1’19 the rate of growth of Polish exports remained high. Mainly due to goods which have only recently been included in Polish exports.
Last year, Serbia became the world leader in the increase of the production of crude steel with a growth rate of 38.9 per cent, according to the World Steel Association data. Serbia produced 1.8 million tons of raw steel during the 11 months of 2018
The distributed ledger technology (DLT) has the potential to change international trade through the digitalization of complex document flows and the provision of access to financing for small and medium-sized enterprises (SMEs).