FX.co ★ Poland Current Account Switches to Deficit

In April 2025, Poland recorded a current account deficit amounting to EUR 374 million, a shift from the EUR 922 million surplus observed in the same month the previous year. The balance of trade in goods slipped into a deficit of EUR 0.94 billion following a surplus of EUR 0.75 billion from the prior year. Specifically, exports fell by 2.4% to EUR 28 billion, while imports climbed 3.5% to EUR 29 billion. This decline in exports is attributed to ongoing challenges in the European automotive sector and heightened competition within EU markets, whereas the increase in imports indicates a gradual recovery in the economy. On the other hand, the services surplus remained largely consistent at EUR 3.5 billion, supported by a 5.1% rise in exports alongside an 8.6% increase in imports. The primary income deficit decreased to EUR 2.9 billion from EUR 3.2 billion, primarily due to diminished portfolio investment returns for foreign investors. Furthermore, the secondary income account achieved a surplus of EUR 0.011 billion, reversing from a EUR 0.174 billion deficit noted a year before.