Poland recorded a trade surplus of EUR 1,250 million in May of 2020 compared to a deficit of EUR 260 million in the same month of the previous year. It was the largest monthly trade surplus since available records began in January of 2000, as imports slipped 27.2 percent year-on-year to USD 14,450 million while exports decreased at a softer 19.8 percent to EUR 15,700 million.

Balance of Trade in Poland averaged -532.53 EUR Million from 2000 until 2020, reaching an all time high of 1250 EUR Million in May of 2020 and a record low of -2263 EUR Million in December of 2008. This page provides the latest reported value for - Poland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Poland Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: National Bank of Poland

Balance of Trade in Poland is expected to be -1730.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Poland to stand at 600.00 in 12 months time. In the long-term, the Poland Balance of Trade is projected to trend around 300.00 EUR Million in 2021 and -300.00 EUR Million in 2022, according to our econometric models.

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Poland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1250.00 -48.00 1250.00 -2263.00 2000 - 2020 EUR Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 12:00 PM Feb €525M €480M €420M
2020-05-14 12:00 PM Mar €-69M €842M €400M
2020-06-15 12:00 PM Apr €-33M €-69M €440M
2020-07-14 12:00 PM May €1250M €-48M €420M
2020-08-13 12:00 PM Jun €1250M € 2600M
2020-09-14 12:00 PM Jul
2020-10-14 12:00 PM Aug
2020-11-13 01:00 PM Sep € -1730M

Poland Balance of Trade
From the beginning of the past decade, Poland’s foreign trade turnover increased almost ten-fold. Poland exports processed fruit and vegetables, meat, dairy products, electromechanical products, vehicles, aircraft and vessels. Most of Poland's imports are capital goods needed for industrial retooling and for manufacturing inputs like machinery and transport equipment, chemicals, minerals, fuels and lubricants. European Union is by far its largest trading partner accounting for about 79% of exports and 64% of imports.