Austrian Exports to U.S. Growing Massively

BusinessEconomy ♦ Published: January 24, 2013; 17:48 ♦ (Vindobona)

Compared to the reference period of 2011, exports to the U.S. grew by 10.4% in the first three quarters of 2012.

Austrian Exports to U.S. Growing Massively / Picture: © Vindobona.org

For Austria, the U.S. is the third most important export partner. Only Germany and Italy are importing more products from Austria. In the first nine months of 2012, Austria´s exports to the U.S. totaled € 5.82bn. In the same time, imports amounted to € 3.5bn.

As a result, foreign trade is growing for years. In 2010, exports grew by 23%. One year later, export growth reached…