NBP: Exports in euro fell by 6% y/y, imports by 0.2% in June
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In June 2024, Polish exports fell by 6% y/y to €27.1 billion, while imports slightly decreased by 0.2% to €27.3 billion, according to data from the National Bank of Poland (NBP). The trade balance was negative, with a deficit of €191 million, down from €447 million the previous month. The decline in exports was driven by decreases across all major categories, particularly in the automotive sector. Imports also dropped, but less sharply, reflecting stabilizing global prices and demand.
The NBP noted a continued trend of import declines outpacing export declines, leading to a worsening trade balance.
