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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Poland and Italy, each channel at its own period. Left, Poland to Italy; right, Italy to Poland.

Finance to trade

positions ÷ goods, both directions
Finance to trade0.4×positions ÷ goods, both directions
Financial positions, both directions16.5USD bn
Goods, both directions40.4USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SincePoland → ItalyItaly → Polandother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 19.1 / 21.302550Bank claims · quarterly · USD bnQ2 2026 · – / 2.3013Portfolio holdings · half-yearly · USD bnDec 2025 · 1.8 / 4.6035Direct investment · annual · USD bn2024 · −0.2 / 8.001020Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 0.4×0.0×1.0×2.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Poland → Italy

Aug 2025–Jul 2026

exports of Poland to Italy, 12 months

Exports, 12 months19.1USD bnreported
0.96importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Italy → Poland

Aug 2025–Jul 2026

exports of Italy to Poland, 12 months

Exports, 12 months21.3USD bnreported
0.85importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Poland → Italy

Q2 2026

loans and deposits of banks in Poland on residents of Italy

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Italy → Poland

Q2 2026

loans and deposits of banks in Italy on residents of Poland

Position2.3USD bn
Flow in the quarter+0.3USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Poland → Italy

Q4 2025

securities issued in Italy held by investors in Poland

Total1.8USD bn
Equity1.6USD bn
Debt securities0.2USD bn
Sources

Holder to issuer, Q4 2025.

Italy → Poland

Q4 2025

securities issued in Poland held by investors in Italy

Total4.6USD bn
Equity0.1USD bn
Debt securities4.5USD bn
Sources

Holder to issuer, Q4 2025.

Poland → Italy

2024

position of investors in Poland in Italy

Position−0.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Italy → Poland

2024

position of investors in Italy in Poland

Position8.0USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.