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Austria´s Trade Surplus Has Doubled
Services and tourism contribute to increase in trade surplus: Austria's trade surplus doubled in the first half of the year to € 3.5bn, despite a fall in goods traffic.
Austria´s Trade Surplus Has Doubled / Picture: © Wikimedia Commons / Biberbaer [CC BY-SA 3.0]
In the first half of 2012 Austrian exports once again outstripped imports. The trade surplus amounted to € 3.5bn according to Oesterreichische Nationalbank (OeNB) . At 2.3% of GDP, the trade surplus has almost doubled against the same period last year, although it is still significantly lower than in the years preceding the financial crisis (2008: 5.7%).
While goods trading…
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