Poland's balance of payments. The new NBP data surprised

Balance of payments is a summary of a country's foreign trade. A significant part of the data comes from a closed system on transactions settled by the Polish banking system. Banks send information to NBP both about their own transactions and those made on behalf of customers. Data from banks are supplemented with information obtained directly from enterprises.
In recent years, monthly statistics have usually been negative. This means that more financial resources flow out of the country than flow into it. Economists' forecasts for April suggested a deficit of EUR 340 million. The result turned out to be several times greater – EUR 1 billion 558 million in the red.
|
Macronext
Poland's balance of payments. Detailed NBP data
“In April 2026, the balance of payments current account was recorded positive balance of services (PLN 14.7 billion) and negative balances of primary income (PLN 12.5 billion), goods turnover (PLN 8.5 billion) and secondary income (PLN 0.3 billion)“, says the National Bank of Poland.
In total, the current account balance in the national currency was negative and amounted to PLN 6.6 billion. In the corresponding month of 2025, the current account balance was also negative and amounted to PLN 1.1 billion.
In April 2026 according to preliminary estimates the value of goods exports increased by 6.2%. compared to the same month in 2025 and amounted to PLN 130.2 billion. On the other hand the value of imports increased by 7.4%. compared to April of the previous year and amounted to PLN 138.7 billion.
Export and import of Poland. New NBP data
The NBP report shows that the largest increase in exports occurred in the category of supply goods. As in the previous months, this was due to large increases in export values copper and raw silver. The increasing trend in exports also had a significant impact on maintaining the upward trend foreign sales of computers.
See also: Trade with Poland is flourishing. Traffic to Ukraine is growing
In turn, further factors had an unfavorable impact on the dynamics of total exports declines in the automotive and consumer durables industries.
The increase in the value of imports – greater than in the previous month – was influenced by higher fuel prices. As in exports, there was also a decline in imports large increase in the value of computers and immunological products and vaccines. The clear upward trend continued also in import of passenger cars — currently it is one of the items with the longest period of import growth. At the same time, there was another decline in the supply of automotive parts.
See also: Polish dairy products are conquering Asia. They love our milk there. A market worth millions of euros
Revenues from the export of services amounted to PLN 42.3 billion and, compared to the same month of 2025, increased by PLN 1.4 billion (i.e. by 3.5%). The value of expenditures amounted to PLN 27.6 billion and increased by PLN 2 billion (i.e. 7.7%) compared to April 2025.
Primary income in NBP data
“The balance of primary income was negative and amounted to PLN 12.5 billion. Compared to the same period of 2025, it increased by PLN 1.8 billion. The greatest impact on the deterioration of the negative balance of primary income had the income of foreign direct investors due to their capital involvement in Polish entities,” we read.
In April 2026, the income of foreign direct investors amounted to PLN 13.6 billion. The amount of the primary income balance was also influenced by the payments of income from portfolio investments (PLN 2.2 billion) and other investments (PLN 2 billion).




