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.

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Austria Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-08-08 07:00 AM May €-1576.7M €-2146M €-1980M
2022-09-07 07:00 AM Jun €-641.3M €-1576.7M € -50M
2022-10-07 07:00 AM Jul €-641.3M €-1230M

Related Last Previous Unit Reference
Balance of Trade -641.00 -1577.00 EUR Million Jun 2022
Imports 17184.00 18234.00 EUR Million Jun 2022
Exports 16543.00 16657.00 EUR Million Jun 2022
Tourist Arrivals 5263.70 3863.60 Thousand Jul 2022

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
-641.00 -1577.00 581.00 -2146.00 1953 - 2022 EUR Million Monthly
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