Austria's trade deficit narrowed to EUR 258 million in December 2019 from EUR 793 million in the same month of the previous year, as exports increased 2.3 percent and imports dropped 2.4 percent. Considering 2019 full year, the trade gap declined to EUR 4.18 billion from EUR 5.99 billion in 2018, with exports rising 2.5 percent boosted by sales of machinery & vehicles, chemical products and food products. There was an advance in sales to both the EU (2.2 percent) and non-EU countries (3.2 percent). Meanwhile, imports were up 1.2 percent on the back of machinery & vehicles, other finished goods, chemicals and food products. Purchases from the EU increased only slightly (0.4 percent) while those from third countries climbed 3.2 percent.
Balance of Trade in Austria averaged -290.83 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. 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 April 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.