Imports Grow Stronger Than Exports

BusinessEconomy ♦ Published: November 8, 2011; 10:32 ♦ (Vindobona)

According to preliminary results by Statistics Austria, total imports amounted to €85.39 bn and total exports amounted to € 80.08bn in the period January to August 2011.

Imports Grow Stronger Than Exports / Picture: © Wikimedia Commons / Danny Cornelissen []

Austrian imports increased by 18.5% and Austrian exports rose by 15.0% compared to the same period in 2010. The global foreign trade balance showed a deficit of € 5.32bn.

In the first eight months of 2011, EU members delivered good worth € 61.38bn to Austria, which is a rise by 17.4% against the previous period. Export to those countries amounted to €…