Austria recorded a trade surplus of EUR 64.4 billion in June 2019 compared to a EUR 304 billion deficit a year ago. It is the first trade surplus since June 2016, as imports slumped 9.9 percent to EUR 12.10 billion, dragged down by lower purchases from the EU (-11 percent) and non-EU countries (-7 percent). Exports declined at a slower 7.3 percent to EUR 12.17 billion, as shipments to the EU (-7.1 percent) and non-EU countries (-7.8 percent). Balance of Trade in Austria averaged -290.08 EUR Million from 1953 until 2019, reaching an all time high of 581 EUR Million in November of 2014 and a record low of -1256 EUR Million in April of 1991.
Balance of Trade in Austria is expected to be -200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Austria to stand at -600.00 in 12 months time. In the long-term, the Austria Balance of Trade is projected to trend around -100.00 EUR Million in 2020, according to our econometric models.