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.

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Austria Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-258.00 -264.00 581.00 -1256.00 1953 - 2019 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-09 08:00 AM Sep €-187.2M €-478M € -200M
2020-01-09 08:00 AM Oct €301.2M €-187.2M € -480M
2020-02-07 08:00 AM Nov €-263.8M €301.2M € -550M
2020-03-10 08:00 AM Dec €-257.8M €-263.8M € -300M
2020-04-09 07:00 AM Jan €-257.8M €-200M
2020-05-08 07:00 AM Feb
2020-06-09 07:00 AM Mar € -600M
2020-07-09 07:00 AM Apr


News Stream
Austria Trade Deficit Narrows in December
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.
2020-03-10
Austria Trade Balance Swings to Surplus
Austria recorded a EUR 301 million trade surplus in October of 2019, compared to a EUR 620 million deficit a year earlier. Exports increased 3.2 percent to EUR 14.58 billion and imports decreased 3.2 percent to EUR 14.28 billion. Sales to the EU edged up 0.8 percent and imports dropped 4.1 percent. Shipments to the rest of the world jumped 8.6 percent and imports declined 1.1 percent. Considering January to October, sales increased 2.9 percent to EUR 129.4 billion and imports rose 2.3 percent to EUR 133.2 billion, resulting in a EUR 3.85 billion deficit, below EUR -4.4 billion a year earlier.
2020-01-09
Austria Trade Gap Narrows in September
Austria's trade deficit decreased to EUR 187.2 million in September 2019 from EUR 243 million in the same month last year, as exports advanced 2.9 percent to EUR 12.89 billion, boosted by sales to the EU (5.4 percent) while those to countries outside the EU declined (-2.7 percent). Meantime, imports rose at a slower 2.4 percent to EUR 13.08 billion, boosted by purchases from countries outside the EU (6.3 percent) and the EU (0.8 percent). Considering the first nine months of the year, the country's trade gap rose to EUR 4.28 billion from EUR 3.79 billion in the same period of 2048, as purchases rose 3.1 percent and shipments advanced 2.8 percent.
2019-12-09
Austria Trade Deficit Widens as Imports Jump
Austria's trade deficit widened sharply to EUR 889 million in July 2019 from EUR 320 million in the same month last year, as imports jumped 9.5 percent, boosted by purchases from both the EU (4.3 percent) and countries outside the EU (22 percent). Meanwhile, exports rose at a softer 5.3 percent on the back of sales to the EU (5.9 percent) and other countries (3.9 percent).
2019-10-08

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.