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Foreign Trade: Imports and Exports Pass the 150 Billion Euro Mark for the First Time

Published: July 10, 2019; 16:39 · (Vindobona)

The total nominal value of imports of goods in 2018 was 5.8% higher than in the previous year at 156.06 billion euros, while exports of goods rose by 5.7% to 150.1 billion euros. This results in a trade deficit of 5.99 billion euros. More than half of Austria's foreign trade was spread across only five countries.

Foreign trade data 2018: Imports and exports exceed 150 billion euro mark for the first time. / Picture: © Wikimedia Commons / NOAA [Public Domain]

According to the final results of Statistics Austria, the total value of imports of goods in 2018 was nominally 5.8% higher than in the previous year at 156.06 billion euros, while exports of goods rose by 5.7% to 150.1 billion euros.

The trade balance deficit amounted to 5.99 billion euros, after 5.60 billion euros in 2017. Adjusted for working days, imports increased by 5.7%…

This article includes a total of 845 words.

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