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.