Exports Return to Growth Path as Poland Records Trade Surplus

For the first time in over a year, Poland posted a trade surplus, with June exports surpassing imports by €59 million, according to the National Bank of Poland. This marks a sharp turnaround from May’s €1.4 billion deficit and reflects the strongest export growth in two years.
The rebound was driven by rising sales in the automotive sector, including cars, buses and tractors, alongside stronger exports of agricultural products, clothing and pharmaceuticals. At the same time, lower oil prices and a weaker US dollar significantly reduced import costs, further improving the trade balance.
NBP noted that June also brought a €0.6 billion surplus on the current account, which includes goods, services and income flows, reversing a €1.8 billion deficit a month earlier.
Exports to key partners strengthened, with modest gains to Germany and the Czech Republic and stronger growth to Ukraine, Slovakia and the US. Analysts say the results highlight improving competitiveness and favorable global conditions.
(XYZ)