German Exports Shift Focus from China to Poland Amid Diversification Efforts

German exporters have successfully diversified their markets, selling more goods to Poland than to China in the year's first half. As part of a strategic shift to reduce dependence on China, exports to Poland grew by 4.6% while exports to China fell by 2.7%.

German exporters sold more goods to Poland than to China in the first half of the year, an analysis showed on Friday, marking the success of a diversification drive by major German companies as they look to reduce their dependence on the Chinese market.

Data from Germany's Committee on Eastern European Economic Relations revealed that exports of goods to Poland grew by 4.6% to 48.4 billion euros ($53.2 billion) in the year's first six months. Meanwhile, exports to China fell by 2.7% year-on-year to 48.2 billion euros, causing Poland to surpass China as the fourth largest market for German exports.

Cathrina Claas-Muehlhaeuser, chairwoman of the committee, stated that this outcome is a significant achievement in the diversification of the German economy, aimed at reducing China's dependency. She emphasized the need for the EU and candidate countries to expand eastward and southeastward further.

(With inputs from agencies.)