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economy export News

Record surplus in Polish foreign trade in 2019

In November 2019, for each €1 Poland imported there was €1.137 exported

editor: REMIX NEWS
author: Zbigniew Kuźmiuk

Poland had the highest foreign trade surplus in its in history during 11 months of 2019, with a surplus of €3.2 billion, according to a report from the National Bank of Poland (NBP).

Just in November 2019, the surplus in foreign trade with goods reached close to €830 million and with services, a staggering €2.3 billion. Including the negative balance of primary and secondary incomes, the total result of the current account was €1.45 billion.

Over the course of 11 months in 2019, Poland reached €3.2 billion in the current account balances.

This overall surplus was composed of a surplus in trade of goods of over €70 million after €228 billion in exports and over €227 billion in imports, a very high surplus in services amounting to close to €24 billion after €64 billion in exports and €40 billion in imports, and a negative balance of primary incomes €19.5 billion and secondary incomes of €2.1 billion.