Poland Balance of Trade

Last Release

Oct 31, 2024

Actual

-740

Units In

EUR Million

-690

Frequency

Monthly

Next Release

Jan 13, 2025

Time to Release

29 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
2,245 Jun 2020	-3,253 Mar 2022	-540.83 EUR Million	2000-2024	National Bank of Poland

From the beginning of the past decade, Poland’s foreign trade turnover increased almost ten-fold. Poland exports processed fruit and vegetables, meat, dairy products, electromechanical products, vehicles, aircraft and vessels. Most of Poland's imports are capital goods needed for industrial retooling and for manufacturing inputs like machinery and transport equipment, chemicals, minerals, fuels and lubricants. European Union is by far its largest trading partner accounting for about 79% of exports and 64% of imports.

Latest Updates

Poland recorded a trade gap of EUR 740 million in October 2024, compared to a surplus of EUR 709 million in the corresponding month of the previous year, as imports rose much faster than exports. Imports surged by 6.6% to EUR 31,051 million, mainly boosted by purchases of consumer goods, particularly household appliances and clothing; agricultural products and means of transportation. Meanwhile, exports rose only 1.5% to EUR 30,311 million, as higher shipments of agricultural goods were offset by declines in five of the six categories, primarily transport equipment and products classified as capital goods.