Analysts at ING Bank Śląski (ING BSK) say China’s influence on Poland’s trade is growing, contributing to a worsening current account balance. In February 2026, Poland recorded a deficit of PLN 4.2 bln, compared to a surplus a year earlier.
Rising imports, especially cars, transport equipment, and electronics from China, are a key factor. Poland is also becoming a major logistics hub for Asian goods entering Europe. At the same time, Chinese competition is pressuring European industries, particularly automotive and consumer goods.
Poland has already lost its position to China as the EU’s top supplier of electric buses. ING BSK expects the current account deficit to widen further in 2026, though risks to the złoty remain limited.
