The Central Bank of Poland released preliminary balance of payments data showing a current account deficit of PLN 4.5bn in May 2026, compared with a PLN 5.0bn deficit in May 2025. The result reflected a services surplus of PLN 14.3bn, which was more than offset by deficits in primary income of PLN 13.4bn, trade in goods of PLN 5.0bn and secondary income of PLN 0.4bn. Trade in goods continued to grow, although fewer working days slowed the pace of both exports and imports. Goods exports rose 5.2% year on year to PLN 128.3bn, supported mainly by higher sales of raw silver, refined copper, computer equipment and petroleum products, while the automotive sector remained a drag because of lower foreign sales of cars, delivery vehicles and car parts. Imports increased 3.4% to PLN 133.4bn despite nearly 70% year-on-year growth in imported crude oil prices, with overall import growth held back by a halt in the rise of passenger car imports and a drop in automotive parts imports, even as car imports from China continued to increase sharply. In services, export income rose 4.3% to PLN 41.0bn and expenditure increased 6.6% to PLN 26.7bn. The primary income deficit widened by PLN 1.3bn from a year earlier, driven mainly by foreign direct investors' income on equity investment in Polish entities, which amounted to PLN 14.2bn, alongside payments on portfolio investment of PLN 3.3bn and other investment of PLN 1.9bn.
Central Bank of Poland2026-07-14
Central Bank of Poland reports PLN 4.5bn current account deficit in May 2026
The Central Bank of Poland's preliminary balance of payments data showed a current account deficit of PLN 4.5bn in May 2026, compared with a PLN 5.0bn deficit a year earlier. A PLN 14.3bn services surplus was outweighed by deficits in primary income, goods and secondary income. Goods exports rose 5.2% year on year to PLN 128.3bn and imports increased 3.4% to PLN 133.4bn.