Austria's trade deficit widened to EUR 397 million in January 2019 from EUR 203 million in the same period of the previous year, as imports rose 6.5 percent to EUR 12.97 billion driven by purchases from the EU (3.5 percent) and non-EU countries (13.9 percent). Meanwhile, exports rose at a slower 5 percent to EUR 12.57 billion as sales to the EU increased 5.3 percent and those to non-EU countries advanced 4.1 percent. Balance of Trade in Austria averaged -289.45 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 -800.00 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 -600.00 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.