Austria's trade deficit narrowed to EUR 457.6 million in May 2020 from EUR 472 million in the corresponding month of the previous year, amid the coronavirus pandemic. Imports plunged 24.8 percent due to lower purchases from the EU (-26 percent) and non-EU countries (-22.1 percent). Meantime, exports slumped 25.5 percent as sales declined to the EU (-25.1 percent) and non-EU countries (-26.4 percent). Considering the first five months of the year, the country recorded a EUR 460.2 million trade gap, as imports went down 14.3 percent and exports fell at a softer 12.9 percent.

Balance of Trade in Austria averaged -290.25 EUR Million from 1953 until 2020, 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. This page provides - Austria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Balance of Trade in Austria is expected to be -600.00 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 -500.00 in 12 months time. In the long-term, the Austria Balance of Trade is projected to trend around -100.00 EUR Million in 2021, according to our econometric models.

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Austria Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-457.60 -135.00 581.00 -1256.00 1953 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 07:00 AM Jan €-346.5M €-257.8M €-200M
2020-06-09 07:00 AM Mar €-20.9M €-136.8M € -600M
2020-07-08 07:00 AM Apr €-217.4M €-21M €-250M
2020-08-07 07:00 AM May €-457.6M €-135M €-350M
2020-09-08 07:00 AM Jun €-457.6M € -600M
2020-10-09 07:00 AM Jul
2020-11-09 08:00 AM Aug
2020-12-09 08:00 AM Sep € -600M


News Stream
Austria Trade Deficit Narrows in May
Austria's trade deficit narrowed to EUR 457.6 million in May 2020 from EUR 472 million in the corresponding month of the previous year, amid the coronavirus pandemic. Imports plunged 24.8 percent due to lower purchases from the EU (-26 percent) and non-EU countries (-22.1 percent). Meantime, exports slumped 25.5 percent as sales declined to the EU (-25.1 percent) and non-EU countries (-26.4 percent). Considering the first five months of the year, the country recorded a EUR 460.2 million trade gap, as imports went down 14.3 percent and exports fell at a softer 12.9 percent.
2020-08-07
Austria Trade Deficit Narrows in April
Austria's trade deficit narrowed to EUR 217.4 million in April 2020 from EUR 533 million in the corresponding month of the previous year, amid the coronavirus crisis. Imports slumped 24.4 percent due to lower purchases from the EU (-28.1 percent) and non-EU countries (-15.9 percent). Meantime, exports plunged at a slower 22.9 percent as sales dropped to the EU (-21 percent) and non-EU countries (-26.7 percent). Considering the first four months of the year, the country recorded a EUR 607.8 million trade shortfall, as imports declined 11.3 percent and exports fell at a softer 9.3 percent.
2020-07-08
Austria Trade Gap Narrows Sharply in March
Austria's trade deficit narrowed to EUR 21 million in March 2020 from EUR 443 million in the same month of the previous year, as imports tumbled 8 percent due to lower purchases from the EU (-9.4 percent) and non-EU countries (-4.9 percent). Meanwhile, exports dropped at a softer 5.2 percent as sales were down to the EU (-3.8 percent) and non-EU countries (-7.9 percent). In the first quarter of the year, the trade gap declined to EUR 0.58 billion from EUR 1.34 billion in the same period of 2019.
2020-06-09
Austria Trade Gap Narrows in February
Austria's trade deficit shrank to EUR 137 million in February of 2020 from EUR 355 million in the same month of the previous year. Imports declined 7.4 percent year-on-year to EUR 12.33 billion, amid lower purchases from countries outside the EU (-16 percent) and the EU (-3.2 percent). Meantime, exports decreased at a softer 5.9 percent to EUR 12.19 billion, due to reduced sales to the EU (-6.9 percent) and countries outside the EU (-3.8 percent). Considering the two first months of the year, imports slumped 6.3 percent to EUR 24.89 billion and exports fell 4.9 percent to EUR 24.41 billion, resulting in a deficit of EUR 0.48 billion, below EUR 0.90 billion a year earlier.
2020-05-08

Austria Balance of Trade
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.