Austria's trade deficit decreased to EUR 1.36 billion in December 2022 from EUR 1.66 billion in the same month of the previous year. It was the smallest trade shortfall since July last year, as exports rose by 8.1% from a year earlier to EUR 14.98 billion while imports increased by 4.1% to EUR 16.34 billion. Considering the whole year of 2022, the country's trade gap widened to EUR 19.59 billion from EUR 12.86 billion in 2021, with imports jumping 19.8% to EUR 213.72 and exports rising 17.2% to EUR 194.13 billion. "The main reason for this was the strong increase in energy import prices compared with 2021. Within a year, the import value of fuels and energy has increased by 86.0%. For Gas in particular almost twice as much money was transferred to import partners compared with the previous year, while the volume of imports fell by 38.0%,” said Statistics Austria Director General Tobias Thomas. source: Statistics Austria

Balance of Trade in Austria averaged -316.88 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 March of 2023.

Balance of Trade in Austria is expected to be -1450.00 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 -1750.00 EUR Million in 2024 and -900.00 EUR Million in 2025, according to our econometric models.

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Austria Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-02-07 07:30 AM Nov €-1578.9M €-1894.1M €-965.0M
2023-03-10 08:00 AM Dec €-1358.1M €-1578.9M € -300.0M
2023-04-06 07:00 AM Jan €-1358.1M


Related Last Previous Unit Reference
Balance of Trade -1358.00 -1579.00 EUR Million Dec 2022
Imports 16340.00 19708.00 EUR Million Dec 2022
Exports 14982.00 18129.00 EUR Million Dec 2022
Tourist Arrivals 4064.70 3558.86 Thousand Feb 2023

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
-1358.00 -1579.00 581.00 -2325.00 1953 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Austria Trade Shortfall Smallest in 5 Months
Austria's trade deficit decreased to EUR 1.36 billion in December 2022 from EUR 1.66 billion in the same month of the previous year. It was the smallest trade shortfall since July last year, as exports rose by 8.1% from a year earlier to EUR 14.98 billion while imports increased by 4.1% to EUR 16.34 billion. Considering the whole year of 2022, the country's trade gap widened to EUR 19.59 billion from EUR 12.86 billion in 2021, with imports jumping 19.8% to EUR 213.72 and exports rising 17.2% to EUR 194.13 billion. "The main reason for this was the strong increase in energy import prices compared with 2021. Within a year, the import value of fuels and energy has increased by 86.0%. For Gas in particular almost twice as much money was transferred to import partners compared with the previous year, while the volume of imports fell by 38.0%,” said Statistics Austria Director General Tobias Thomas.
2023-03-10
Austria Trade Gap Almost Doubles in November
Austria's trade deficit widened significantly to EUR 1.58 billion in November 2022 from EUR 0.81 billion in the same month of the previous year. Imports surged 17.8% from a year earlier to an all-time high of EUR 19.71 billion, boosted by machinery and vehicles (+17.1%) and chemical products (+40.2%), notably medical and pharmaceutical products (+83.5%). Also, purchases of fuels and energy continued to rise sharply (+40.4%), namely gas (+42.8%) mainly attributable to price increases. Meanwhile, exports advanced at a slower 14.7% to a record high of EUR 18.13 billion, mostly driven by shipments of machinery and vehicles (+16.7%). Considering the January to November period of 2022, the country's trade shortfall was EUR 17.90 billion, compared to EUR 1.02 billion in the same period the year before, as imports increased by 21.1% to EUR 197.02 billion and exports by 18.1% to EUR 179.12 billion.
2023-02-07
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