Austria Trade Deficit Narrows in January

Austria’s trade deficit narrowed to EUR 563.3 billion in March 2026 from a EUR 892 billion deficit in the same month of the previous year. Exports increased 9.5% year-on-year to EUR 18.17 billion. The growth was led by increased sales of machinery and vehicles, processed goods, chemical products and other manufactured goods. Intra-EU and extra-EU exports surged by 8.2% and 2.5%, respectively. In addition, imports increased 7.1% to EUR 18.73 billion, mainly due to stronger purchases of machinery and vehicles and processed goods. Intra-EU imports rose by 5.8%, while imports from non-EU countries increased by 9.7%.

Austria recorded a trade surplus of €0.34 billion in February 2026, reversing a €0.28 billion deficit from the same month last year. This marks the country’s first trade surplus since October 2024, driven by a 2.0% rise in exports to €16.16 billion. Growth was led by increased sales of machinery and vehicles, processed goods, and chemical products. Intra-EU exports surged by 4.3%, particularly to Germany, Austria’s top trading partner, while extra-EU exports declined by 2.5%. Meanwhile, imports fell by 1.9% to €15.82 billion, partly due to reduced purchases of chemical products and processed goods. Intra-EU imports dropped by 3.4%, while imports from non-EU countries increased by 1.1%.

Austria's trade deficit narrowed to EUR 0.07 billion in January 2026 from EUR 0.20 billion in the same month a year earlier, as imports fell more than exports. Imports declined 3.0% year-on-year to EUR 15.13 billion, with purchases down from both EU countries (-4.2%) and non-EU countries (-0.7%). Fuel and energy imports saw the largest drop, plunging nearly a third due to lower crude oil and petroleum product purchases. Meanwhile, exports fell a softer 2.2% to EUR 15.06 billion, amid lower shipments to both EU countries (-1.1%) and non-EU countries (-4.4%). The sharpest declines were in chemical products (-7.1%) and processed goods (-4.8%).