Narodowy Bank Polski

NBP Announcements

NBP data: Poland’s foreign trade

Date: 11-08-2011

NBP data: The balance of payments data for June 2011 indicate, among other things, that Poland’s foreign direct investment amounted to EUR 930 billion in June

The NBP’s monthly information on Poland’s balance of payments reflects Poland’s transactions with foreign parties. Preliminary data on the June 2011 balance of payments, published on 11 August 2011, show that the value of Polish exports (as expressed in euro terms) increased in August – as compared to last year’s figure – by 11.3%, and the value of imports rose by 15%.

The negative trade balance exceeded EUR 1 billion.

Also, the income balance was negative, the amount exceeding EUR 1.1 billion, mainly accounted for by investment income. Foreign investors generate much higher income on investment in Poland than Polish investors on investment abroad. It should be noted that June saw a decline in foreign direct investment in Poland, with a concurrent rise in Poland’s direct outward investment by EUR 930 million.

The positive balance of services (reaching EUR 452 million in June) is the result, among other things, of the activity of Polish transportation companies operating in foreign markets. Also, the EU transfers account is positive. In June 2011, transfers to Poland amounted to EUR 704 million, while Poland’s contribution to the EU budget totalled EUR 203 million.

The above list covers mainly the components of the current account which in June 2011 – in line with the expectations of market analysts – contributed to an overall negative balance of nearly EUR 1.6 billion. This result is close to the one recorded in June 2010 (EUR 1.3 billion).

See: Balance of payments in June 2010

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