Austria’s trade balance positive 26. December 2006

Austria’s trade balance has gone into the black in the first seven months of 2006

Imports went up by 11.3% to 60.12 billion euro. Exports increased even more significantly – by 12.2% to 60.21 billion euro. These are the preliminary statistical data published by the Austrian Statistical Office (Statistik Austria) on 29 September 2006. The domestic economy registers a minor surplus of about 84 million euro – after a deficit of 367 million euro in the same period of the previous year.Based on these data, Minister for Economic Affairs Martin Bartenstein stated that it was a realistic assumption that the Austrian commodity exports could reach 40% of the gross domestic product (GDP) this year. In 1995 the share of exports in the GDP stood at 25%.Austria’s foreign trade gap was closed as the trade deficit with the EU Member States narrowed to 1.97 billion euro and trade with third countries grew extremely dynamically. Imports from non-EU members rose by 20.6% to 15.74 billion euro, while exports to this group climbed by 17.3% to 17.79 billion euro. This results in a plus of 2.05 billion euro.In the period under review, Austria imported goods worth 44.38 billion euro from the Member States of the European Union; corresponding to a year-on-year increase by 8.4%. Austria’s exports to these countries expanded by 10.3% to 42.41 billion euro

Show Contents (0) Mark Content