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Poland’s balance of payments in April 2019

Date: 13.06.2019

NBP data: In April 2019, the current account of the balance of payments posted surpluses in the services account (PLN 8.4bn) and trade in goods account (PLN 1.2bn), and deficits in the primary and secondary income accounts (PLN 6.3bn and PLN 0.3bn, respectively). The balance of the combined current and capital accounts was positive at PLN 8.0bn.

Preliminary data on Poland’s balance of payments in April 2019, published by NBP on 13 June 2019, show a surplus of PLN 3.1bn in the country’s current account. In the corresponding month of 2018, the balance was negative and stood at PLN 0.1bn.

Exports of goods amounted to PLN 83.3bn and were PLN 9.4bn (i.e. 12.8%) higher than in the corresponding month of 2018. Imports of goods rose by PLN 8.2bn (i.e. 11.1%) to reach PLN 82.2bn. The surplus in trade in goods stood at PLN 1.2bn. In the corresponding month of 2018, imports were slightly higher than exports.

Typically, the services account was in surplus, amounting to PLN 8.4bn. Exports of services stood at PLN 21.3bn, representing an increase of PLN 1.3bn (i.e. 6.7%) on the April figure. Imports of services amounted to PLN 12.9bn, having increased by PLN 0.7bn (i.e. 5.9%) on the corresponding month of 2018.

The balance of the primary income account was negative at PLN 6.3bn and improved in relation to the corresponding month of 2018 by PLN 1.1bn. The balance of this account was determined by the negative balance of investment income (of PLN 6.9bn).

See: Balance of payments statistics

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