Business

Poland’s 2024 trade balance narrows sharply as exports fall 6% YoY

Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images
Export value exceeded import value by less than a billion euros. Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images
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Poland’s trade surplus shrank dramatically in 2024, with total exports reaching 1,512 billion złoty (€363 billion), while imports stood at 1,509 billion złoty (€363.5 billion).

The fall resulted in a trade surplus of less than €1 billion, a stark contrast to 2023, when the surplus was 45.1 billion złoty (€10.8 billion), the latest data from Statistics Poland (GUS) showed.

Germany remained Poland’s most significant trading partner, both as a destination for exports and a source of imports.

Polish exports to Germany totaled 409 billion złoty (€98 billion), far exceeding exports to other countries.

Czechia and France tied as the second-largest export destinations, with each receiving around 92 billion złoty (€22 billion) worth of Polish goods. Germany was also the country from which Poland imported the most, with the total value of imports at 290 billion złoty (€70 billion).

China followed as the second-largest exporter to Poland, with imports valued at 219 billion złoty (€53 billion).

The United States ranked third, exporting 76 billion złoty worth of goods to Poland.
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