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Austria’s exports grew by 12.5 percent in the first six months of 2010

Export Growth © photocase.com/koli

© photocase.com/koli

September 27, 2010

Growth keeps Austrian jobs safe

In the first six months of this year, Austrian exports went up by 12.5%. The Austrian Federal Economic Chamber (Wirtschaftskammer Österreich/WKÖ) expects an increase of at least 7% for the whole of 2010. WKÖ President Christoph Leitl stated that this export growth would safeguard no less than 50,000 jobs. According to WKÖ, Austria had 40,000 exporters, including 2,000 companies exporting for the first time this year. Another 2,000 companies are to be encouraged to start exporting in 2011. At present, 50% of Austria’s total economic performance can be attributed to exports (of goods and services).

During the first six months of 2010, exports to the USA have grown significantly, by almost 12% to a total of 2.3 billion Euros. For the whole of 2010, an increase of 15% - 20% is expected. In 2009 exports to the United States had dropped by one-fifth in the wake of the global financial crisis. Imports from the USA surged by 14% to 1.5 billion Euros.

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