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.