Austrian Foreign Trade Deficit on the Rise

BusinessEconomy ♦ Published: December 7, 2011; 14:03 ♦ (Vindobona)

From January to September 2011: imports rose by 17%, exports increased by 14%. The deficit amounts to € 6.0bn.

Austrian Foreign Trade Deficit on the Rise / Picture: © Wikimedia Commons / Danny Cornelissen []

According to preliminary results by Statistics Austria, total imports amounted to € 97.08bn and total exports amounted to € 91.10bn in the period January to September 2011. Austrian imports increased by 17.3% and Austrian exports rose by 14.2% compared to the same period in 2010. The global foreign trade balance showed a deficit of €5.98 bn.

In 2011, the record results,…