Austria Balance of Trade

Last Release

Jan 31, 2022

Actual

-1,707

Units In

EUR Million

-1,661.5

Frequency

Monthly

Next Release

Jan 08, 2025

Time to Release

1 Months 0 Days 13 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 recorded a trade surplus of EUR 0.61 billion in September 2024, shifting from a deficit of EUR 0.18% in the same month last year, as exports dropped less than imports. Exports fell by 2.9% year-on-year to EUR 15.99 billion, dragged down by lower sales for machinery & vehicles, processed goods, chemical products, and other manufactured goods. Exports to both non-EU (-3.5%) and EU countries (-2.6%) declined. Meanwhile, imports decreased by 8% to EUR 15.38 billion, mainly due to reduced purchases for machinery & vehicles, processed goods, other manufactured goods, and fuels & energy. Imports fell from the EU (-8.5%), as well as non-EU countries (-7.1%). Considering the January to September period, the country posted a trade surplus of EUR 3.48 billion, as imports (-9.5%) dropped much faster than exports (-4.1%).