Poland’s balance of payments in December 2025
NBP data: In December 2025, the current account of the balance of payments posted a surplus in the services account (PLN 13.8bn) and the secondary income account (PLN 1.9bn), and deficits in the primary income account (PLN 13.2bn) and the trade in goods account (PLN 9.7bn).
Preliminary data on Poland’s balance of payments in December 2025, released on 13 February 2026, show a deficit of PLN 7.2bn in the country’s current account. In the corresponding month of 2024, the current account balance was also negative and stood at PLN 6.1bn.
According to preliminary data, in December 2025, the value of goods exports increased by 8.5% on the December 2024 figure, reaching PLN 115.6bn. The value of imports increased by 8.9% on the previous year, to PLN 125.3bn.
The increase in the value of trade in goods in December 2025 proved to be the highest in almost three years. The faster growth in trade was driven, among other things, by a higher number of working days compared to 2024. As in previous months, the value of exports of agricultural products and other consumer goods increased the most. Another significant increase was observed in exports of computers. In turn, the biggest change compared to previous months was a relatively large increase in exports of supply goods and parts for means of transport, caused primarily by an increase in foreign sales of aircraft engines. However, exports of durable consumer goods continued to show signs of stagnation.
An increase in the value of imports, similar to exports, was recorded in most major categories. The largest increases were in imports of investment goods, primarily computers and supplies, including semi-finished iron and steel products. Falling fuel prices, including crude oil, were reflected in a further decline in imports in this category.
Income from exports of services amounted to PLN 44.3bn and increased by PLN 2.2bn (i.e. 5.2%) compared to the corresponding month of 2024. Expenditure amounted to PLN 30.5bn and increased by PLN 2.6bn (i.e. by 9.2%) compared to December 2024.
The primary income balance was negative at PLN 13.2bn. It deteriorated by PLN 0.1bn compared to the corresponding period of 2024. An increase in the income earned by foreign investors from direct investments in Polish entities was the main factor behind the deepening of the negative balance of primary income. Direct foreign investors’ income in December 2025 amounted to PLN 13.9bn. The scale of the negative balance of primary income was also determined by the payment of income on portfolio investments (PLN 1.9bn) and other investments (PLN 2.5bn).