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Austria's Trade Deficit with China Shrinks

Published: January 13, 2011; 00:05 · (Vindobona)

Thanks to the rising export figures, the trade deficit in the traditionally negative balance with China is declining.

Austria's Trade Deficit with China Shrinks / Picture: © Vindobona.org

Austrian exports to China have reached an estimated € 3.0bn in 2010, replacing the U.S. as the most important non-European trading partner.

The Federal Economic Chamber (WKÖ) states: "There are no precise figures for the full year yet, but we anticipate that Austrian exports to China 2010 have increased by almost 50%". Owing to the fact that imports have not risen by the same…

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