Austria Balance of Trade

Last Release

Jan 31, 2022

Actual

-1,707

Units In

EUR Million

-1,661.5

Frequency

Monthly

Next Release

Feb 07, 2025

Time to Release

28 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
581 Nov 2014	-1,775 Jun 2021	-301.15 EUR Million	1953-2022	Statistics Austria

Austria's economy is dependent on foreign trade and closely linked to the economies of other EU countries, particularly Germany. The major export commodity in Austria is the automobile and its components, machinery and paper products. Austria imports mainly machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products and foodstuffs.

Latest Updates

Austria posted a trade deficit of EUR 0.1 billion in October 2024, reversing from a EUR 0.82 billion surplus in the same month last year, as exports fell while imports increased. Year-on-year, exports dropped by 2% to EUR 17.32 billion, dragged down by lower sales for machinery & vehicles, processed goods, chemical products and other manufactured goods. Exports declined from EU countries (-4.2%), while it rose for non-EU countries (2.6%). Meanwhile, imports advanced by 2.9% to EUR 17.41 billion, driven by increased purchases for other manufactured goods and processed goods. Imports climbed to both EU (1.1%) and non-EU countries (6.5%). Considering the January to October period, the country posted a trade surplus of 3.57 billion, as imports (-8.3%) decreased faster than exports (-3.8%).