diff --git a/sdks/python/pmxt/escrow.py b/sdks/python/pmxt/escrow.py
index 7a2d7a07..977a3019 100644
--- a/sdks/python/pmxt/escrow.py
+++ b/sdks/python/pmxt/escrow.py
@@ -173,11 +173,13 @@ def withdrawals(
         address: str | None = None,
     ) -> dict[str, Any]:
         """Return pending withdrawal state and/or withdrawal events for an address."""
+        # Resolve the wallet address before validating ``include`` so the error
+        # raised for invalid inputs matches the TypeScript SDK.
+        wallet_address = quote(self._wallet_address(address), safe="")
         include_value = include.strip()
         if not include_value:
             raise ValidationError("include must not be empty", field="include")
 
-        wallet_address = quote(self._wallet_address(address), safe="")
         include_query = quote(include_value, safe=",")
         path = f"/v0/escrow/{wallet_address}/withdrawals?include={include_query}"
         return self._request("GET", path)
diff --git a/sdks/python/tests/test_escrow_withdrawals.py b/sdks/python/tests/test_escrow_withdrawals.py
new file mode 100644
index 00000000..eb1e646e
--- /dev/null
+++ b/sdks/python/tests/test_escrow_withdrawals.py
@@ -0,0 +1,53 @@
+"""Validation-order tests for ``Escrow.withdrawals``.
+
+The TypeScript SDK resolves the wallet address before validating
+``include``; the Python SDK must raise the same error for the same inputs
+(see pmxt-dev/pmxt#2353).
+"""
+
+from __future__ import annotations
+
+from types import SimpleNamespace
+from typing import Any, Dict
+
+import pytest
+
+import pmxt.escrow as escrow_module
+from pmxt._hosted_errors import MissingWalletAddress
+from pmxt.errors import ValidationError
+from pmxt.escrow import Escrow
+
+WALLET_ADDRESS = "0x000000000000000000000000000000000000aBc1"
+
+
+def test_missing_wallet_address_is_checked_before_empty_include() -> None:
+    escrow = Escrow(SimpleNamespace(wallet_address=None))
+
+    with pytest.raises(MissingWalletAddress):
+        escrow.withdrawals(include="")
+
+
+def test_empty_include_raises_validation_error_when_address_resolves() -> None:
+    escrow = Escrow(SimpleNamespace(wallet_address=WALLET_ADDRESS))
+
+    with pytest.raises(ValidationError) as exc_info:
+        escrow.withdrawals(include="   ")
+    assert exc_info.value.field == "include"
+
+
+def test_withdrawals_builds_request_path(monkeypatch: pytest.MonkeyPatch) -> None:
+    calls: Dict[str, Any] = {}
+
+    def fake_trading_request(client: Any, *, method: str, path: str, body: Any) -> Dict[str, Any]:
+        calls.update(method=method, path=path, body=body)
+        return {"ok": True}
+
+    monkeypatch.setattr(escrow_module, "_trading_request", fake_trading_request)
+    escrow = Escrow(SimpleNamespace(wallet_address=None))
+
+    assert escrow.withdrawals(include=" pending ", address=WALLET_ADDRESS) == {"ok": True}
+    assert calls == {
+        "method": "GET",
+        "path": f"/v0/escrow/{WALLET_ADDRESS}/withdrawals?include=pending",
+        "body": None,
+    }