The trade deficit in Austria narrowed to EUR 587 million in August 2018 from EUR 815 million in the same month a year earlier. Exports advanced 5.0 percent year-on-year to EUR 11.32 billion, as sales to countries outside the EU edged up 0.8 percent and to the EU countries jumped 7.0 percent. Meanwhile, imports went up 2.7 percent to EUR 11.90 billion, as purchases from countries outside the EU advanced 2.3 percent and those from EU countries increased 2.9 percent. Considering the first eight months of the year, the trade gap decreased to EUR 3.17 billion from EUR 3.85 billion in the same period of 2017, as exports advanced 6.5 percent and imports went up 5.5 percent. Balance of Trade in Austria averaged -287.41 EUR Million from 1953 until 2018, 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 -696.00 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 -403.70 in 12 months time. In the long-term, the Austria Balance of Trade is projected to trend around -736.00 EUR Million in 2020, according to our econometric models.

Austria Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 07:00 AM Balance of Trade €-146.2M €-711.9M € -570M
2018-10-09 07:00 AM Balance of Trade €-119.2M €-146.2M € -95M
2018-11-09 08:00 AM Balance of Trade €-587M €-119.2M € -864M
2018-12-07 08:00 AM Balance of Trade €-587M € -609M


Austria Trade Last Previous Highest Lowest Unit
Balance of Trade -587.00 -119.00 581.00 -1256.00 EUR Million [+]
Exports 11315.00 12821.00 13658.00 59.00 EUR Million [+]
Imports 11902.00 12941.00 14197.00 61.00 EUR Million [+]
Current Account 992.00 5320.00 6171.00 -2353.00 EUR Million [+]
Current Account to GDP 1.90 2.10 4.50 -5.10 percent [+]
External Debt 583571.00 566186.00 633042.00 129499.00 EUR Million [+]
Capital Flows -2364.00 7461.00 7461.00 -4752.00 EUR Million [+]
Remittances 76.00 57.00 104.00 53.00 EUR Million [+]
Tourist Arrivals 3860.05 5421.70 5421.70 961.33 Thousand [+]
Gold Reserves 280.00 280.00 407.48 279.99 Tonnes [+]
Terrorism Index 1.52 0.18 3.16 0.00 [+]
Weapons Sales 22.00 15.00 348.00 1.00 USD Million [+]
Foreign Direct Investment 577.00 4150.00 55085.00 -24174.00 EUR Million [+]
Crude Oil Production 13.00 13.00 25.00 11.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Austria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-587.00 -119.00 581.00 -1256.00 1953 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 2637.00 Oct/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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