2010 saw moderate growth for Austrian exports with a rise of 16,7%. The value was therefore EUR 109.4 billion and the export quota (product and service exports as a percentage of GDP) was at 55,3%. In comparison to the previous year imports also increased and are at EUR 113.7 billion.
Trade Partners
The most important trade partners are:
- Germany
- Italy
- Switzerland
- USA
- 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 17,8% in 2010.
Product Groups
The most important product groups for export are:
- Mechanical engineering and terotechnology
- Vehicles and automotive parts
- Medical and pharmaceutical products
- Iron
- Steel and metal goods
- Paper and cardboard
Austrian exports are also heavily influenced by service exports, with tourism taking first place in this sector.
