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Austrian exports reach again record heights

2019.03.27

Austria’s foreign trade saw dynamic growth in 2018, with imports and exports both rising by more than 5%.

According to provisional data from Statistics Austria for 2018, Austria’s export economy has scaled unparalleled heights, with export volumes reaching some EUR 150 billion (+5.7%). Over the same period, the total value of goods imported to Austria rose 5.5% from 2017 to EUR 155.7 billion, meaning that the trade deficit remained at EUR 5.7 Billion.

Approximately 70% of Austria’s trade (imports: 70.6%, exports: 6998%) was conducted with member states of the European Union in 2018. Germany was once again the largest trading partner in 2018, and more than half of all Austria’s foreign trade was conducted with just five countries: Germany, Italy, China, Switzerland and the Czech Republic on the import side, with the greatest volume of exports going to Germany, the USA, Italy, Switzerland and France.

Some 87% of Austrian exports were in the following four product groups, which were the largest by value: "Machinery and Vehicles" (up +6.2% to EUR 60.2 billion), "Manufactured Goods" (up +6.5% to EUR 32.9 billion), "Chemicals" (up +0.3% to EUR 19.9 billion) and "Other Manufactured Goods" (up +6.7% to EUR 16.9 billion).

Last modified
2019.03.26
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