Lao People's Democratic Republic
Export Economy
2007 saw strong growth for Austrian exports with a rise of 10.5%. The value was therefore EUR 114.7 billion and the export quota (product and service exports as a percentage of GDP) is estimated at 57.9%. In comparison to the previous year imports also increased and are estimated at EUR 114.3 billion.
Trade Partners
The most important trade partners are:
- Germany
- Italy
- USA
- Switzerland and
- France
Austria's proximity to central and eastern European states is a key factor in the increasing significance of trade and the economic networking with these countries. The share of Austrian exports in these regions reached 18.7% in 2007.
Product Groups
The most important product groups for export are:
- Mechanical engineering and terotechnology
- Vehicles and automotive parts
- Iron
- Steel and metal goods
- Medical and pharmaceutical products
- Paper and cardboard
- Synthetics and synthetic products
- Food and drinks.
Austrian exports are also heavily influenced by service exports, with tourism taking first place in this sector.
All about Austria
- Importing from Austria
- Exporting to Austria
- Investing in Austria
- Travelling to Austria
- Facts and Figures
