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Austrian Foreign Trade News and Analysis

Bad Outlook for Ukraine´s Foreign Trade Balance

Ukraine’s external accounts have visibly deteriorated in 2012. No dramatic improvement in the balance of payments is expected this year.

February 21, 2013

Ukraine´s Economy Stagnates

According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.

February 20, 2013

Austria Has High Hopes in Free Trade Agreement with the U.S.

Austria´s exporting sector may benefit substantially, the Austrian Chamber of Commerce (WKO) says.

February 16, 2013

EU Foreign Trade with Russia and Turkey Growing Strongly

Last year, the EU has achieved a trade surplus of € 105bn. The trade surplus with Turkey was up by € 25bn. Exports to Russia were up by 15%.

February 15, 2013

Austria: GDP Decrease Due to Declining Consumption

In the fourth quarter of 2012, Austria´s economy shrank by 0.2%. In the full year 2012, Austria´s GDP expanded by 0.7%.

February 14, 2013

Spindelegger Hopes for “Speedy Conclusion of Free Trade Treaty”

Following the speech by US President Barack Obama, Austria´s Vice-Chancellor Michael Spindelegger hopes that negotiations on a free trade area between Europe and the US will be initiated shortly.

February 14, 2013

Poland: Foreign Trade Growth Slows Down

The negative balance on the current account amounted to EUR 1.2bn as compared with EUR 1.9bn in December 2011.

February 14, 2013

Bulgaria: Surprisingly High current Account Balance

In November, the current account balance was positive amounting to EUR 89.7 mn, Raiffeisen Research reports.

February 12, 2013

Shrinking Foreign Trade Deficit in Lithuania

In total, Lithuania´s foreign trade has grown substantially last year. Exports grew faster than imports.

February 11, 2013

Estonia: Moderate Growth in Exports

According to Statistics Estonia, in 2012 exports of goods increased by 4% and imports by 9% compared to 2011.

February 11, 2013

Erdogan Praises Slovakia´s Support for Turkey

Turkey´s Prime Minister Recep Tayyip Erdogan has expressed his gratitude to his Slovak counterpart Robert Fico for Slovekia´s support for Turkey´s EU membership.

February 9, 2013

Austria: Foreign Trade Grows Decently

January to November 2012: moderate increase in imports (1.1%) and exports (2.0%)

February 8, 2013

Hungary´s Foreign Trade Balance Positive

In 2012, exports as well as imports were down substantially. The surplus of trade balance amounted to EUR 192 million in December.

February 8, 2013

Slovak Foreign Trade Grows

In November 2012, compared with November 2011, the total export of goods increased by 9,2 % to € 5 842,7m and the total import by 5,5 % to € 5 527m.

February 8, 2013

Czech Republic: Exports and Imports Grew Significantly in 2012

In December 2012, according to preliminary data of ‘border statistics’, exports and imports at current prices fell by 7.1% and 7.0%, year-on-year (y-o-y), respectively.

February 6, 2013

FDI Inflow Remains Weak in Romania

Romania has recorded a low foreign trade deficit and current account deficit in Q4 2012. The low inflows of foreign capitals into the private sector persist, Raiffeisen Research says.

February 2, 2013

Czech Republic Returns to Growth Slowly

According to the Czech Ministry of Finance, the recovery will be only gradual. This year, GDP is expected to increase by 0.1%.

February 2, 2013

Foreign Trade: Moderate Growth in Serbia

The overall external trade in the Republic of Serbia for the period January – December 2012 amounted to EUR 23619.1m.

February 1, 2013

Hungary: Foreign Trade Goes Down

In November, export and import volumes decreased by 4.3% and 4.6%, respectively, compared to the same month of the previous year.

February 1, 2013

Serbian Current Account Improves

As per seasonally adjusted data exports kept growing in November (+2.7% mom) after increasing in October by 0.8% mom, while imports fell by 4.5% yoy (Oct/12: +4.7% mom), Raiffeisen Research says.

January 29, 2013

“Germany overestimated, USA and China underestimated”

Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.

January 26, 2013

High Domestic Added Value in Austrian Exports

Business-related services and financial services have high degree of added value made in Austria. Half of Austrian exports are services, Bank Austria says.

January 26, 2013

Slovakia: Foreign Trade Growing Strongly

In 2011, goods in the amount of € 56 783,2m were exported from the Slovak Republic. Compared with 2010, the total export increased by 17,6 %.

January 25, 2013

Austrian Exports to U.S. Growing Massively

Compared to the reference period of 2011, exports to the U.S. grew by 10.4% in the first three quarters of 2012.

January 24, 2013

Poland Has Third-Biggest Current Account Deficit

EU27 current account surplus € 28.8 bn. € 39.3bn surplus for trade in services.

January 24, 2013

Nowotny: “The Worst Is Over”

OeNB´s (Austrian National Bank) governor Ewald Nowotny thinks that the economic situation in the Eurozone has become more stable.

January 16, 2013

CESEE: Chakrabarti Expects Stabilization

In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.

January 14, 2013

NBP Expects Further Slowdown

Poland´s National Bank (NBP) forecasts an economic growth rate of 1.5% in 2013.

January 14, 2013

Bulgarian Capital Account Deteriorates

In Q3 2012 the trade balance deteriorated by € 203.5m compared to the same period of 2011, which was entirely due to the increase of the export of investment goods following the recovery of investment activity in the country.

January 14, 2013

Bulgaria: Current Account Turns Into Negative Territory

Expectedly the C/A balance deteriorated in October. Cumulatively from the beginning of the year its value also moved to negative territory: EUR -31.6m.

January 12, 2013

Foreign Trade With Hungary Shrinks

External trade in goods showed a surplus of € 704 million in November. Exports and imports fell by 1.7% in 2012.

January 9, 2013

Slovakia Record Substantial Foreign Trade Growth

In the first eleven months of 2012, exports increased by 11%. Imports were up by 6.4%.

January 9, 2013

Austrian Foreign Trade Shows Small Growth

January to October 2012: trade volume of more than €103 bn in both trade flows.

January 8, 2013

Czech Republic: Exports Grew, Imports Fell

In November 2012, according to preliminary data of ‘border statistics’, current price exports rose by 4.2%, while imports fell by 2.4%, year-on-year (y−o−y), respectively.

January 7, 2013

Aiginger Praises and Criticizes Austria´s Economic Policy

Although Austria´s economic situation is relatively satisfying, there is much improvement potential, the economist Karl Aiginger says.

January 5, 2013

Serbia: Foreign Trade Grows Moderately

The overall external trade in the Republic of Serbia for the period January - November 2012 amounted to: - € 21464.6m - which was a 4.3% increase compared to the same period 2011.

December 29, 2012

Hungary: Foreign Trade Grows Sligthly

Export and import volumes grew by more than 5% in October. In the first ten months, exports were up by 2.4%.

December 21, 2012

EU: Exports to Russia Decline

EU27 deficit in trade of goods with Russia down to 65 bn euro in the first nine months of 2012.

December 19, 2012

Ukraine: Current Account Deficit Grows Significantly

Balance of payments deficit almost doubled in October – to USD 2.0 bn - amid sharp reversal in the capital flows and widening C/A deficit, Raiffeisen Research says.

December 19, 2012

Austria: “Economic Stability in Sight “

Moderate rise in economic growth: after 0.5 percent in 2012, figure of 0.9 percent anticipated for 2013 due to growing export demand. Long-term outlook: if domestic demand picks up, increase of 1.5 percent on the cards for 2014.

December 17, 2012

Bulgarian Foreign Trade Balance Positive

In September the current account was positive (€ 332.7m), which is typical for that month of the year, mainly due to the realization of revenues from tourism and agricultural exports, Raiffeisen Research states.

December 15, 2012

Bulgaria: „The pace of economic growth is sustained“

The domestic demand compensates for the deceleration in export, Raiffeisen Research says.

December 14, 2012

Bulgaria: Foreign Trade Growing

According to the Bulgarian National Statistical Institute, Bulgarian Trade with Third Countries for the Period January - October 2012 grew by 11%.

December 11, 2012

Austria Might Prevent Recession Scenario

According to the Austrian Institute of Economic Research (WIFO), Austria´s economic performance remains weak.

December 10, 2012

Croatia: EU Scepticism Grows

After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.

December 8, 2012

Southeast Europe Agrees on Growth Strategy

In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.

December 8, 2012

Slovakia: Strong Increase in Foreign Trade

In September 2012, compared with the corresponding period last year, the total export of goods increased by 9,6 % to EUR 5 616,6 million and the total import by 7,7 % to EUR 5 277,3 million.

December 7, 2012

Czech Republic: Recession Continues

In Q3 2012, the gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.3%, year-on-year (y-o-y), and by 0.3%, quarter-on-quarter (q-o-q).

December 7, 2012

Czech Republic: Highest Exports and Imports Ever Recorded

In October 2012, according to preliminary data of ‘border statistics’, current price exports and imports rose by 7.5% and 8.2%, year-on-year (y-o-y), respectively.

December 7, 2012

Austria: Foreign Trade Shows Decent Growth

From January to September 2012, Austria recorded a slight increase in imports (0.4%) and exports (1.6%). In the third quarter of 201, the EU27 current account surplus reached € 28.4bn.

December 7, 2012