Poland’s balance of payments in July 2020
NBP data: In July 2020, the current account of the balance of payments posted surpluses in the trade in goods account (PLN 4.4bn), the services account (PLN 9.1bn) and the secondary income account (PLN 1.0bn), and a deficit in the primary income account (PLN 7.3bn).
Preliminary data on Poland’s balance of payments in July 2020, released by NBP on 14 September 2020, show a surplus of PLN 7.2bn on the country’s current account. In the corresponding month of 2019, the balance was negative and stood at PLN 3.5bn.
Exports of goods amounted to PLN 87.1bn and were PLN 6.0bn (i.e. 7.3%) higher than in the corresponding month of 2019. Imports of goods increased by PLN 0.4bn (i.e. 0.4%) to reach PLN 82.7bn. Trade in goods showed a surplus of PLN 4.4bn.
Exports of services stood at PLN 23.3bn, representing a decline of PLN 0.7bn (i.e. 3.1%) on the July 2019 figure. Imports of services amounted to PLN 14.3bn, having decreased by PLN 0.8bn or 5.3%.
The balance of the primary income account was negative at PLN 7.3bn. Foreign direct investors’ income on their equity investments in Polish entities amounted to PLN 6.2bn. The negative primary income account was also determined by the balance of portfolio investment income, which was negative at PLN 0.8bn and the positive balance of interest on other debt instruments shown in other investments in the amount of PLN 0.2bn.
See: Balance of payments statistics