The Central Bank of Poland released preliminary balance of payments data for September 2025 showing a current account deficit of PLN 3.1bn, compared with a deficit of PLN 3.5bn in September 2024. The outcome reflected surpluses in services (PLN 14.1bn) and secondary income (PLN 2.3bn), offset by deficits in primary income (PLN 15.1bn) and trade in goods (PLN 4.4bn). Goods exports rose 5.3% year on year to PLN 128.1bn and imports increased 6.8% to PLN 132.4bn, with both reaching their highest levels since the beginning of the year. Export growth was strongest in agricultural products, other consumer goods and passenger cars, with re-exports supporting the latter two categories, while imports increased most in other consumer goods, armament and capital goods; fuel import values also rose, driven by record crude oil deliveries of 2.7 million tonnes. Services exports increased 2.0% to PLN 39.7bn and services imports rose 5.1% to PLN 25.6bn, while the primary income deficit widened by PLN 1.2bn year on year, mainly due to a deterioration in the direct investment balance as foreign investors’ direct investment income rose to PLN 12.9bn.
Central Bank of Poland 2025-11-13
Central Bank of Poland publishes September 2025 balance of payments showing a PLN 3.1bn current account deficit
The Central Bank of Poland reported a current account deficit of PLN 3.1bn for September 2025, down from PLN 3.5bn in September 2024, with surpluses in services and secondary income offset by deficits in primary income and trade in goods. Goods exports increased by 5.3% to PLN 128.1bn, while imports rose 6.8% to PLN 132.4bn, driven by agricultural products, consumer goods, and passenger cars. The primary income deficit widened due to increased foreign direct investment income.