Austria posted a trade deficit of EUR 1,894 million in October of 2022, compared with EUR 1,494 million shortfall in the corresponding month of the previous year. Imports grew by 17.5 percent year-on-year to EUR 18,518 million, as purchases advanced in both non-EU countries (25.4 percent) and EU countries (13.4 percent). On the other hand, exports increased by 16.3 percent to EUR 16,624 million, as sales to EU countries grew 18.5 percent and to those countries outside EU surged 15.3 percent. Considering the January to October period, the trade deficit widened to EUR 15,999 million. source: Statistics Austria

Balance of Trade in Austria averaged -314.13 EUR Million from 1953 until 2022, reaching an all time high of 581.00 EUR Million in November of 2014 and a record low of -2325.00 EUR Million in August of 2022. 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 January of 2023.

Balance of Trade in Austria is expected to be -300.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Balance of Trade is projected to trend around -270.00 EUR Million in 2024 and 100.00 EUR Million in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Austria Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 08:00 AM Sep €-1383.7M €-2325M € -1210M
2023-01-09 08:00 AM Oct €-1894.1M €-1383.7M €-1652M
2023-02-07 08:00 AM Nov €-1894.1M


Related Last Previous Unit Reference
Balance of Trade -1894.10 -1383.70 EUR Million Oct 2022
Imports 18518.00 19032.00 EUR Million Oct 2022
Exports 16624.00 17648.00 EUR Million Oct 2022
Tourist Arrivals 3379.20 1878.54 Thousand Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1894.10 -1383.70 581.00 -2325.00 1953 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Austria Trade Gap Widens in October
Austria posted a trade deficit of EUR 1,894 million in October of 2022, compared with EUR 1,494 million shortfall in the corresponding month of the previous year. Imports grew by 17.5 percent year-on-year to EUR 18,518 million, as purchases advanced in both non-EU countries (25.4 percent) and EU countries (13.4 percent). On the other hand, exports increased by 16.3 percent to EUR 16,624 million, as sales to EU countries grew 18.5 percent and to those countries outside EU surged 15.3 percent. Considering the January to October period, the trade deficit widened to EUR 15,999 million.
2023-01-09
Austria Trade Deficit Widens in September
The trade gap in Austria rose to EUR 1.38 billion in September of 2022 from EUR 1.02 billion a year ago. Imports surged 20.5% year-on-year to EUR 19.03 billion, mainly boosted by purchases of machinery & vehicles (18.6%) while exports increased at a softer 19.6% to EUR 17.65 billion, on higher shipments of machinery & vehicles (18.4%) and processed goods (17.9%). In the first nine months of the year, the country's trade deficit widened to EUR 13.84 billion from EUR 8.61 billion in the same period the year before. "However, the increase in international trade values is largely due to the rise in import and export prices, while the volumes were often declining. The value of gas imports, for example, increased by a whopping 132.7% in the period from January to September compared to the first three quarters of the previous year, although the volume of imports declined by more than 41.4 % in the same period,” said Statistics Austria Director General Tobias Thomas.
2022-12-07
Austria Trade Deficit at a Record High
Austria’s trade deficit widened sharply to EUR 2,325 million in August 2022 from EUR 1,363 million in the corresponding month of the previous year. It was the largest trade deficit since records began in 1953, as imports jumped 23.1% to EUR 16,832 million, mainly boosted by a 66.9% surge in purchases of fuels and energy amid rising prices. Imports were up from both the EU (20.6%) and countries outside the EU (28%). Meanwhile, exports were up 17.9% to EUR 14,506 million, led by increased sales to the EU (18.7%), and non-EU countries (16.2%). Considering the first eight months of the year, Austria’s trade deficit increased to EUR 12,234 million.
2022-11-08