Austria recorded a EUR 301 million trade surplus in October of 2019, compared to a EUR 620 million deficit a year earlier. Exports increased 3.2 percent to EUR 14.58 billion and imports decreased 3.2 percent to EUR 14.28 billion. Sales to the EU edged up 0.8 percent and imports dropped 4.1 percent. Shipments to the rest of the world jumped 8.6 percent and imports declined 1.1 percent. Considering January to October, sales increased 2.9 percent to EUR 129.4 billion and imports rose 2.3 percent to EUR 133.2 billion, resulting in a EUR 3.85 billion deficit, below EUR -4.4 billion a year earlier. Balance of Trade in Austria averaged -291.01 EUR Million from 1953 until 2019, reaching an all time high of 581 EUR Million in November of 2014 and a record low of -1256 EUR Million in April of 1991.

Balance of Trade in Austria is expected to be -600.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Austria to stand at -500.00 in 12 months time. In the long-term, the Austria Balance of Trade is projected to trend around -100.00 EUR Million in 2020, according to our econometric models.

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Austria Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
301.00 -187.00 581.00 -1256.00 1953 - 2019 EUR Million Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 07:00 AM Jul €-889M €-25M € -120M
2019-11-08 08:00 AM Aug €-478M €-982M € -685M
2019-12-09 08:00 AM Sep €-187.2M €-478M € -200M
2020-01-09 08:00 AM Oct €301.2M €-187.2M € -480M
2020-02-07 08:00 AM Nov €301.2M € -550M


News Stream
2019-12-09
Austria Trade Gap Narrows in September
Austria's trade deficit decreased to EUR 187.2 million in September 2019 from EUR 243 million in the same month last year, as exports advanced 2.9 percent to EUR 12.89 billion, boosted by sales to the EU (5.4 percent) while those to countries outside the EU declined (-2.7 percent). Meantime, imports rose at a slower 2.4 percent to EUR 13.08 billion, boosted by purchases from countries outside the EU (6.3 percent) and the EU (0.8 percent). Considering the first nine months of the year, the country's trade gap rose to EUR 4.28 billion from EUR 3.79 billion in the same period of 2048, as purchases rose 3.1 percent and shipments advanced 2.8 percent.

2019-10-08
Austria Trade Deficit Widens as Imports Jump
Austria's trade deficit widened sharply to EUR 889 million in July 2019 from EUR 320 million in the same month last year, as imports jumped 9.5 percent, boosted by purchases from both the EU (4.3 percent) and countries outside the EU (22 percent). Meanwhile, exports rose at a softer 5.3 percent on the back of sales to the EU (5.9 percent) and other countries (3.9 percent).

2019-09-06
Austria Logs First Trade Surplus since 2016
Austria recorded a trade surplus of EUR 64.4 billion in June 2019 compared to a EUR 304 billion deficit a year ago. It is the first trade surplus since June 2016, as imports slumped 9.9 percent to EUR 12.10 billion, dragged down by lower purchases from the EU (-11 percent) and non-EU countries (-7 percent). Exports declined at a slower 7.3 percent to EUR 12.17 billion, as shipments to the EU (-7.1 percent) and non-EU countries (-7.8 percent).

2019-08-09
Austria Trade Deficit Narrows Sharply in May
Austria's trade deficit fell to EUR 362.4 million in May 2019 from EUR 834.1 million in the same period a year ago. Exports climbed 8.2 percent to EUR 13.22 billion, boosted by sales to non-EU countries (14.2 percent) and to the EU (5.8 percent). Meantime, imports advanced at a slower 4.1 percent to EUR 13.58 billion, as purchases rose from the EU (6.0 percent) but dropped from non-EU countries (-0.2 percent). Considering the first five months of the year, the trade shortfall decreased to EUR 2,137 million from EUR 2,155 million in the same period of 2018, as exports rose 5.6 percent and imports grew 5.4 percent.

2019-07-09
Austria Trade Gap Widens 23.1% YoY in April
Austria's trade deficit rose to EUR 466.5 million in April 2019 from EUR 379.1 million in the same period a year ago. Imports surged 6.2 percent to EUR 13.44 billion, driven by purchases from non-EU countries (7.8 percent) and the EU (5.5 percent). At the same time, exports advanced at a slower 5.6 percent to EUR 12.97 billion, led by sales to non-EU countries (11.3 percent) and to the EU (3.3 percent). Considering the first four months of 2019, the trade deficit widened to EUR 1,774 million from EUR 1,320 million in the same period of 2018, as imports jumped 5.4 percent and exports went up 4.6 percent.

2019-06-07
Austria Trade Deficit Narrows in March
The trade gap in Austria fell sharply to EUR 296.1 million in March of 2019 from EUR 553.2 million in the corresponding month of the previous year. Exports went down 0.9 percent from a year earlier to EUR 13.52 billion, due to lower exports from EU countries (-1.2 percent) and non-EU countries (-0.2 percent). Meanwhile, imports fell at a faster 2.7 percent to EUR 13.82 billion, dragged down by EU countries (-0.9 percent) and non-EU countries (-6.7 percent). Considering the first quarter of 2019, the trade deficit widened to EUR 1,116 million from EUR 953 million a year in the same period a year earlier, as imports climbed 4.7 percent to EUR 40.19 billion while exports advanced 4.4 percent to EUR 39.08 billion.


Austria Balance of Trade
Austria's economy is dependent on foreign trade and closely linked to the economies of other EU countries, particularly Germany. The major export commodity in Austria is the automobile and its components, machinery and paper products. Austria imports mainly machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products and foodstuffs.

Austria Trade Last Previous Highest Lowest Unit
Balance of Trade 301.00 -187.00 581.00 -1256.00 EUR Million [+]
Current Account 1416.00 -415.00 6171.00 -2353.00 EUR Million [+]
Current Account to GDP 2.30 2.00 4.50 -5.10 percent [+]
Imports 14278.00 13077.00 14750.00 61.00 EUR Million [+]
Exports 14579.00 12889.00 14579.00 59.00 EUR Million [+]
External Debt 626057.00 609566.00 633042.00 129499.00 EUR Million [+]
Capital Flows 4281.00 2996.00 7260.00 -4752.00 EUR Million [+]
Remittances 75.00 56.00 104.00 53.00 EUR Million [+]
Tourist Arrivals 2192.04 3128.60 5698.57 355.20 Thousand [+]
Gold Reserves 279.99 279.99 407.48 279.99 Tonnes [+]
Terrorism Index 1.66 1.85 3.16 0.00 [+]
Weapons Sales 5.00 22.00 248.00 1.00 USD Million [+]
Crude Oil Production 13.00 12.00 25.00 11.00 BBL/D/1K [+]
Foreign Direct Investment 10111.00 1826.00 55085.00 -24187.00 EUR Million [+]