The National Bank of Poland released preliminary balance of payments data showing Poland’s current account recorded a surplus of PLN 2.8bn in June 2025, compared with a deficit of PLN 0.6bn in June 2024. The balance reflected surpluses in services (PLN 15.9bn) and trade in goods (PLN 0.3bn), offset by deficits in primary income (PLN 12.0bn) and secondary income (PLN 1.4bn). Goods exports rose 0.7% year on year to PLN 119.5bn while imports fell 1.4% to PLN 119.2bn, with the drop in imports largely linked to lower oil prices and weaker industrial activity. Services exports increased to PLN 42.3bn (+3.7% year on year) while services expenditure rose to PLN 26.4bn (+6.7%). The primary income deficit improved by PLN 1.0bn year on year, mainly because the negative foreign direct investment balance narrowed to PLN -10.9bn from PLN -14.5bn, alongside a PLN 3.7bn decline in foreign investors’ portfolio investment income from Polish entities; foreign direct investors’ income totalled PLN 12.4bn and declared dividends were PLN 14.9bn.
Central Bank of Poland 2025-08-13
National Bank of Poland reports PLN 2.8bn current account surplus in June 2025
The National Bank of Poland reported a current account surplus of PLN 2.8bn in June 2025, reversing a deficit of PLN 0.6bn from June 2024. This shift was driven by surpluses in services (PLN 15.9bn) and trade in goods (PLN 0.3bn), despite deficits in primary income (PLN 12.0bn) and secondary income (PLN 1.4bn). Goods exports increased by 0.7% to PLN 119.5bn, while imports decreased by 1.4% to PLN 119.2bn, due to lower oil prices and reduced industrial activity.