Austria's trade deficit narrowed to EUR 641.3 million in June of 2022 from EUR 1,729 million a year ago. It was the smallest trade shortfall since July last year, as exports surged 17.6% to EUR 16.54 billion, boosted by sales to both EU countries (+15.1%) and non-EU countries (+23.4%). Meanwhile, imports rose at a softer 8.7% to EUR 17.18 billion, driven by purchases from EU countries (+12.2%) and, to a lesser extent, non-EU countries (+2.2%). source: Statistics Austria
Balance of Trade in Austria averaged -307.94 EUR Million from 1953 until 2022, reaching an all time high of 581 EUR Million in November of 2014 and a record low of -2146 EUR Million in April 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 September of 2022.
Balance of Trade in Austria is expected to be -150.00 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 2023 and 100.00 EUR Million in 2024, according to our econometric models.