Poland Balance of Trade

Last Release

Sep 30, 2024

Actual

-690

Units In

EUR Million

-2,244

Frequency

Monthly

Next Release

Dec 13, 2024

Time to Release

28 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
2,245 Jun 2020	-3,253 Mar 2022	-540.15 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’s trade balance shifted to a deficit of EUR 690 million (PLN 2.96 billion) in September 2024, from a surplus of EUR 585 million (PLN 2.63 billion) in the same month last year. Exports declined by 6.5% to EUR 28.03 billion (PLN 119.9 billion), with drops across all six goods categories, particularly in investment goods, transport equipment, and intermediate goods, with significant declines in the automotive sector, especially electric batteries and passenger cars. Imports also fell by 2.1% to EUR 28.72 billion (PLN 122.9 billion), driven by lower value of imported fuels due to their lower prices, alongside decreases in intermediate and investment goods. However, consumer goods imports continued to rise, especially durable items, with further growth in both new and used passenger car imports.