Austrian Exports to Japan Reach New Record

BusinessEconomy ♦ Published: March 27, 2012; 17:15 ♦ (Vindobona)

Last year, bilateral trade between Austria and Japan recorded a new high. Austrian exports to Japan amounted to € 1.3bn.

Austrian Exports to Japan Reach New Record / Picture: © Vindobona.org

For the first time since 1980, Japan recorded higher imports than exports. Last year, Austrian exports reached a new high, says the commercial delegate Martin Glatz in Tokio. Due to the Fukushima catastrophe, the Japanese people tend to prefer renewable energy. Besides wind power and solar power, also biomass is highly demanded. The nuclear shut-down caused a rise of demand in oil, gas…