Narodowy Bank Polski

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Balance of Payments February 2013

Date: 15-04-2013

NBP data: Preliminary data show Polish goods exports rising faster than imports. The deficit on the current account stood at EUR 854m.

Preliminary data on Poland's balance of payments in February 2013, released by the National Bank of Poland on 15 April 2013, show goods exports of nearly EUR 12.1bn that month, with imports of EUR 11.5bn. Compared to February 2012, exports were by 3.2% higher, while imports by 8.8% lower. The surplus on the current account amounted to EUR 602m, the balance representing an increase of over EUR 1.5bn on a year ago.

There was also a surplus - of approx. EUR 0.3bn - on the service account, while the income account remained in deficit (of EUR 1.4bn).

In February 2013, the balance of European Union transfers was also positive, posting a surplus of EUR 276m. Poland's EU membership contribution amounted to EUR 815m, while the inflow of EU funds under current transfers reached EUR 267m (primarily as part of the European Agriculture Guidance and Guarantee Fund) and under capital transfers - EUR 824m (principally as part of the European Regional Development Fund).

February saw a rise in foreign investment in Poland (of EUR 1.1bn), including direct investment of PLN 613m. Polish foreign investment fell in the same period by more than EUR 1bn.

See: Balance of payments in February 2013

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Świętokrzyska 11/21
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Poland

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