Austria's trade deficit narrowed to EUR 21 million in March 2020 from EUR 443 million in the same month of the previous year, as imports tumbled 8 percent due to lower purchases from the EU (-9.4 percent) and non-EU countries (-4.9 percent). Meanwhile, exports dropped at a softer 5.2 percent as sales were down to the EU (-3.8 percent) and non-EU countries (-7.9 percent). In the first quarter of the year, the trade gap declined to EUR 0.58 billion from EUR 1.34 billion in the same period of 2019.
Balance of Trade in Austria averaged -290.09 EUR Million from 1953 until 2020, 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. This page provides - Austria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
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 2021, according to our econometric models.