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Foreign Trade

Imports Grow Stronger than Exports

January to December 2011: Austrian imports rose by 15%, exports increased by 12%.

March 9, 2012

„Going to America 2012“: AWO Supports Austrian Business in USA

Foreign Trade Austria (AWO) shows business opportunities in the U.S. to domestic companies.

March 8, 2012

Austria and Bulgaria Clear Way for Business-Friendly Climate

Business representatives from Austria and Bulgaria agreed upon a business-friendly climate and clear rules at a Sofia forum,

March 8, 2012

Austrian Economy Appreciates Serbian Approach to EU

Serbia officially became candidate for the EU-access. Christoph Leitl, President of the Austrian Chamber of Commerce, emphasized the importance of the “European perspective” for Serbia.

March 2, 2012

New Criticism on Austerity Package

For the chief economist at RZB, Peter Brezinschek, the austerity package is not ambitious enough. The President of the Austrian Chamber of Commerce, Christoph Leitl, criticizes the introduction of new taxes.

February 28, 2012

Significant Increase in Austrian Steel Exports to U.S.

U.S. Steel Imports are rising substantially, prices are on the fall. Austrian suppliers could raise their share.

February 27, 2012

Austrian Current Account Deficit Rising

Against 2010, the Austrian current account deficit almost doubled. Both imports and exports reached record levels.

February 27, 2012

Austrian Economy Shrank in Last Quarter of 2011

Due to lower exports, the Austrian economic growth showed a decrease in the last quarter of 2011. For 2012, the economy will stagnate or increase very slowly.

February 15, 2012

Russia: Great Demand for Austrian Food

Due to rising purchase power of Russian households, Austrian food exports to Russia are booming. In 2012, the Russian retail trade sector is expected to grow by 15%.

February 14, 2012

Leitl Pushes Investments in Colombia

For Christoph Leitl, the President of the Austrian Chamber of Commerce, Colombia is the entry to South America for European companies.

February 7, 2012

Foreign Trade Still Growing

January to November 2011: imports rose by 16%, exports increased by 13%.

February 7, 2012

Good Export Chances in SEE Region

The Austrian Chamber of Commerce regards South-Eastern Europe as growth region. Importance for the Austrian export industry is seen to increase.

January 28, 2012

Austrian Economy: Slowdown, But No Recession

The Federation of Austrian Industries (IV) says that Austria will not face a recession in 2012. Nevertheless, the economic slowdown is significant.

January 26, 2012

Erste Group: “Debt Crisis Continues”

According to the Austrian bank, the sovereign debt crisis in the euro-zone remains. Stagnation is expected for the next years.

January 25, 2012

Leitl: „Croatians are Most Welcome“

The President of the Austrian Chamber of Commerce is looking forward to Croatia´s EU accession in 2013.

January 23, 2012

Low Growth Rates Expected after 2012

In a medium-term forecast, the Austrian Institute of Economic Research (WIFO) expects only very decent economic growth rates.

January 23, 2012

New Record in Agricultural Exports

In 2011, Austrian food exports exceeded € 9.0bn for the first time.

January 21, 2012

2012 Brings Stagnation for Austrian Economy

According to Bank Austria´s economic indicator, Austrian economic growth will only reach 0.8% this year.

January 16, 2012

Feared Export Slump Did Not Occur

The Austrian export activity slowed down in the fourth quarter, but the pessimistic expectations did not become real. In 2011, Austrian exports were up by 12%.

January 13, 2012

Austrian Balance of Current Accounts Positive

In the first three quarters of 2011, the Austrian economy achieved a strong performance. The balance of current accounts was significantly positive.

January 9, 2012

Worsening Economic Outlook for 2012

Economists and analysts expect a massive fall in Austrian economic growth for 2012.

January 4, 2012

Strong Rise in Foreign Trade

From January to October 2011, Austrian trade volume reached more than €100bn in both trade flows.

January 4, 2012

Mitterlehner Pushes for more Venture Capital

The Austrian Minister of Economics, Reinhold Mitterlehner wants to increase efficiency and reduce redundancies in economic subsidies.

December 10, 2011

Austria´s Industry Supports Croatia´s EU Accession

The Austrian Chamber of Commerce sees a huge interest of the domestic economy in Croatia´s EU accession. In 2010, Austria was the largest investor.

December 10, 2011

Austrian Foreign Trade Deficit on the Rise

From January to September 2011: imports rose by 17%, exports increased by 14%. The deficit amounts to € 6.0bn.

December 7, 2011

Only Small Increase in Exports in 2012

After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.

December 6, 2011

Austrian Exports to Morocco Booming

In spite of the turbulent developments in the Arab region, the Maghreb state could maintain a strong economic growth. In 2011, Austrian exports to Morocco rise by 16%.

November 26, 2011

Romanian Tourism as Chance for Austrian Economy

As the Romanian economy performs well, Austrian enterprises see the tourism sector as chance for new orders.

November 22, 2011

Austrian Minister of Economics Criticizes Hungary

On the occasion of a bilateral meeting between the Hungarian and the Austrian Minister of Economics Reinhold Mitterlehner repeated his critics regarding Hungarian foreign currency loans.

November 21, 2011

Strong Growth for Exports to USA in 2012

This year, Austrian exports to the U.S. will reach the level of 2008. The export volume will amount to € 6.0bn this year.

November 12, 2011

Retail Turnover Down by 1.2%

Sales volume of food retail trade was up by 0.3% in the first nine months of the year while the non-food sector registered a decline by 1.3%.

November 9, 2011

Imports Grow Stronger Than Exports

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.

November 8, 2011

Exports to Colombia to Surpass € 100m

Austrian exports to Colombia will exceed € 100m this year, reports the Austrian Chamber of Economics. Colombia has a strategic character for Austrian companies.

November 2, 2011

Austrian Trade With China to Double

On the occasion of the state visit of the Chinese President Hu Jintao, the Austrian Minister of Economics stated to aim a deepening of the bilateral economic relations.

November 1, 2011

State Visit: Hu Jintao in Austria

The Chinese President Hu Jintao arrived in Austria. Today the official meetings with the Austrian President Heinz Fischer and the Government will take place.

October 31, 2011

Agricultural Exports Show Significant Rise

The Austrian agricultural exports reached almost their all-time high from 2008. Especially Italy is becoming increasingly important.

October 29, 2011

„Extend Economic Ties to Georgia“

The Austrian Minister of Economics wants to cooperate closer together with Georgia, which offers export opportunities for the Austrian industry.

October 25, 2011

Leitl Deepens Relations to Chinese Province Jiangsu

The Austrian President of the Economic Chamber regards the Chinese province Jiangsu as an important export market and trading partner.

October 22, 2011

Collective Bargaining Starts in Trade Sector

After the complicated negotiations between employers and the trade union of the Austrian metal industry, the trade sector continues. 520.000 workers are concerned.

October 19, 2011

Austrian Industry Shows High Degree of Internationality

During the last decades, the Austrian industry could gain importance, which is contrarious to the European trend. In meantime, Austria has the fourth highest degree of industrialization in the EU.

October 18, 2011

Stagnation Expected in Austria for 2011

Insecurity and a lack in foreign demand will cause a massive slowdown of the Austrian economy in 2012. Consumers and companies become more cautious.

October 17, 2011

Austria´s Manufacturing Industry Maintains its Competitiveness

Austrian goods exports rose significantly since 1995. According to a study of the Austrian Central Bank (OeNB), this is mainly due to a higher degree of competitiveness.

October 17, 2011

CEE Less Vulnerable to Severe Economic Crisis

The reaction of the CEE region to the global slowdown should be less severe than in the post-Lehman crisis, as CEE economies are in a completely different stage of their economic cycle and have reduced their imbalances.

October 17, 2011

Polish Foreign Trade Will Increase by 125% by 2025

The world trade will increase only by 73%, states the report of HSBC Trade Connections. The document presents forecasts for the international trade in the perspective of several years.

October 13, 2011

State Visit: "Huge Potential for Austrian Companies in India"

The Indian President Shrimati Patil absolved a state visit in Austria and met the Austrian President Heinz Fischer and the head of the Austrian Economic Chamber, Christoph Leitl.

October 8, 2011

Massive Increase in Global Foreign Trade Deficit

January to July 2011: import trade volume of € 75bn, export trade volume of € 71bn. The global foreign trade deficit increased from € 1.86bn to € 3.89bn.

October 7, 2011

New Record in Agricultural Foreign Trade

The first half of 2011 brought double-digit growth rates in all product categories. Exports to Hungary increased by 43%, making it the number three buyer country.

October 6, 2011

Trade Chain Adeg to Achieve Turnaround in 2012

The Austrian subsidiary chain of the German Rewe group still faces losses. By 2012, Adeg should leave the red zone.

October 5, 2011

Austrian Exports to Rise Substantially

Austrian exports record satisfying results in the first six months of 2011. Austria´s trade balance shows a plus of € 4.4bn.

October 5, 2011

FDI Remains Essential for Austrian Business Location

According to a study of Statistics Austria, the number of foreign subsidiaries even grew in 2009 by 6%. The number of Austrian subsidiaries owned by foreign corporations grew slightly.

October 5, 2011
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