Austria Balance of Trade

Last Release

Jan 31, 2022

Actual

-1,707

Units In

EUR Million

-1,661.5

Frequency

Monthly

Next Release

Oct 08, 2024

Time to Release

28 Days 19 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 surplus of EUR 0.49 billion in June 2024, shifting from a EUR 153 billion deficit in the corresponding month of the previous year. Exports fell 7.6% year-on-year to EUR 15.969 billion, as shipments to EU countries (-7.1%) decreased, as well as to non-EU countries (-8.6%). Meanwhile, imports decline at a faster 11.6% to EUR 15.481, as arrivals from EU countries (-10.2%) and non-EU countries (-14.3%) dropped. “The downward trend is partly due to the fact that trade with Germany, Austria’s most important trading partner by far, has been lagging behind the same month of the previous year every month for the past year, with the exception of April 2024. In June alone, exports and imports from the neighboring country both fell by more than 9%” Statistics Austria General Director Tobias Thomas stated.