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Austria: exports rise in first half 2015

25. September 2015

Despite a challenging economic backdrop worldwide, exports climbed slightly in the first six months - while the trade deficit halved. Exports to third countries underwent particularly positive growth. 

The preliminary figures announced by Statistics Austria show that exports in the first six months rose by 1.4% to EUR 64.4 bn, while imports were up by 0.2% to EUR 65.2 bn. The trade deficit practically halved against the same period of the previous year, falling from EUR 1.6 bn to EUR 0.9 bn.

One particularly pleasing factor - which is also a testament to the success of Austria's export strategy - is the steady growth in Austrian exports to third countries (+1.8% to EUR 19.9 bn). These accounted for almost 31% of total exports in the first half of 2015. Imports also rose (+3.0% to EUR 19.4 bn), with China (+11.5%) and Switzerland (+0.1%) the most important trade partners from third countries in terms of imports. The strongest third-country trade partners for exports were the USA (+19.6%) and Switzerland (+5.9%).

Exports to EU members were up by 1.2% to EUR 44.51 bn, while imports from the EU of EUR 45.85 bn were 0.9% lower than in the first half of 2014. Around 69% of Austria's total exports went to the EU and seven EU member states were among the Top Ten export destinations: Germany (+0.8%), Italy (+1.0%), France (-18.6%), Czech Republic (+4.2%), Hungary (+2.7%), Poland (+15.2%) and the United Kingdom (+5.0%).