Poland Balance of Trade

Last Release

Aug 31, 2024

Actual

-2,244

Units In

EUR Million

-1,450

Frequency

Monthly

Next Release

Nov 13, 2024

Time to Release

28 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
2,245 Jun 2020	-3,253 Mar 2022	-539.65 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 deficit of EUR 2,244 million in August 2024, close to a new 2-year high, and up from EUR 116 million in the corresponding month of the previous year, as imports rose and exports fell. Imports increased by 4.9% to EUR 27,196 million, primarily driven by higher purchases of consumer goods, particularly durable goods, along with stable imports of capital goods. Meanwhile, exports dropped 3.3% to EUR 24,952 million, with the most significant decreases seen in the export of capital goods, supply goods, and consumer goods.