WASHINGTON: Austria’s trade of goods revived in 2015, Statistik Austria reports today, presenting final figures for the last year. Exports hiked by 2.7 percent to EUR 131.54 billion (USD 146 billion), while imports rose 2.8 percent to EUR 133.5 billion. The foreign trade deficit thus increased to EUR 1.99 billion, from EUR 1.74 billion a year earlier.
While the deficit in trade with EU member states shrank, from EUR 4.3 to 3.2 billion, Austria’s trade surplus with non-EU states caved in from EUR 2.6 to 1.2 billion. 70 percent of the foreign trade of Austria is done with the EU, only 30 percent is attributed to non-EU states. Vehicles and machines were the most significant trade good, both in terms of exports and imports, as they accounted for 39.8 percent of all exports and 34 percent of imports.
Most exports went to Germany (30 percent), the USA (7 percent of all exported goods), Italy (6.3 percent), Switzerland (5.4 percent) and France (4.5 percent). Most imports came from Germany (37 percent), Italy (6.1 percent), China (6 percent) and Switzerland (5.6 percent). Russia slipped far behind others in the ranking of export and import markets, due to the bilateral economic sanctions.
