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Austria's Foreign Trade on the Upswing
According to preliminary statistics, the total nominal value of imports of goods in the period January to September 2018 was 5.2% higher than in the previous year at 115.23 billion euros, while exports of goods rose by 6.0% to 111.55 billion euros. The trade balance deficit amounted to 3.68 billion euros after 4.27 billion euros in the same period of the previous year.
Exports to China have increased by +8.7% to 2.94 billion euros. / Picture: © Wikimedia Commons / Keith Skipper [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]
Austria imported goods worth 81.54 billion euros (+5.2%) from the Member States of the European Union during the reporting period.
The value of goods exported to these countries also recorded an increase over the same period of the previous year (+6.4%) and amounted to 78.35 billion euros.
The trade deficit with the European Union amounted to 3.19 billion…
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