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Austria's Trade Balance Deficit Rises in 2018
The deficit of the Austrian trade balance amounted to 5.71 billion euros in 2018, after 5.60 billion euros in the same period of the previous year. Imports of goods worth 155.71 billion euros (plus 5.5%) opposed exports worth 150.0 billion euros (plus 5.7%). The product group machinery and vehicles was again by far the most important in Austrian foreign trade.
Austrian machinery and vehicles remain foreign trade engines. / Picture: © Wikimedia Commons / NOAA [Public Domain]
In nominal terms, the total value of imports of goods in the period January to December 2018 was EUR 155.71 billion, up 5.5% on the previous year, while exports of goods rose by 5.7% to EUR 150.0 billion.
The trade balance deficit amounted to 5.71 billion euros, after 5.60 billion euros in the same period of the previous year.
External trade within the European…
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