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.