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. Balance of Trade in Austria averaged -290.53 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 -200.00 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.