Poland’s balance of payments in August 2025
NBP data: In August 2025, the current account of the balance of payments posted a surplus in the services account (PLN 13.5bn) and deficits in the trade in goods account (PLN 9.2bn), the primary income account (PLN 16.6bn) and the secondary income account (PLN 0.9bn).
Preliminary data on Poland’s balance of payments in August 2025, released on 14 October 2025, show a deficit of PLN 13.2bn on the country’s current account. In the corresponding month of 2024, the current account balance was also negative and stood at PLN 8.7bn.
According to preliminary data, August 2025, following three months of growth, saw a decrease of 2.1% in goods exports as compared with the corresponding month of 2024, down to PLN 106.6bn. The value of imports decreased by 1.8% on the previous year, to PLN 115.7bn.
The largest contributor to the decline in exports during the analysed period was a significant fall in the sales of parts for means of transport, primarily electric batteries. The downward trend also continued in the exports of durable consumer goods. There was a slight decline in the exports of supply goods. In turn, the upward trend continued in the exports of agricultural products and other consumer goods, primarily due to the re-exports of clothing and capital goods, which was driven by further growth in foreign sales of computer equipment.
As in previous months, the largest decline occurred in fuel imports, driven by significantly lower crude oil prices than in 2024. Most other categories saw a slight decrease in imports value compared to the previous year. At the same time, a slight increase in imports was recorded in the category of means of transport, primarily due to higher imports of passenger cars. The largest increase in the value of imports was again observed in other consumer goods, comprising mainly clothing, footwear, and video game consoles.
Exports of services stood at PLN 40.3bn, up by PLN 0.7bn (i.e. 1.9%) on the corresponding month of 2024. Imports of services stood at PLN 26.8bn, having increased by PLN 1.8bn (i.e. 7.1%) on the August 2024 figure.
The balance of the primary income account was negative at PLN 16.6bn. Compared to the corresponding period of 2024, it deteriorated by PLN 3.9bn. The largest contributor to the worsening of the negative balance of the primary income account was the negative balance of direct investment, down by PLN 0.9bn. This was affected by a rise (of PLN 0.6bn) in the income of foreign investors from direct investments in Polish entities, with the income of Polish direct investors down by PLN 0.3bn. Foreign direct investors’ income amounted to PLN 12.6bn in August 2025.
The amount of the negative balance of primary income was also determined by the payment of income on portfolio investment (PLN 5.5bn) and other investment (PLN 1.7bn).