Austria Recorded a Decline in Exports

The export of machinery and vehicles decreased by 10.1 percent or 600 million euros, while imports declined by 4.8 percent. Exports to non-EU countries, in particular, decreased by 20.5 percent. In total trade, imports in the category "goods not elsewhere specified" increased by 45.3 percent and exports by 48.8 percent.

EU as Austria's Most Important Trading Partner

"With a share of about two-thirds, Austria conducts its foreign trade predominantly with member states of the European Union," noted Statistics Austria Director General Tobias Thomas. Since Austria's accession to the EU in 1995, trade with EU member states has intensified significantly. "For example, both imports and exports with Austria's most important trading partner, Germany, have tripled," added Thomas. Compared to January 1995, both import (plus 276.8 percent) and export values (plus 346.9 percent) of trade with today's EU countries were about four times higher in January 2025. And the share of Austrian trade with EU countries has never fallen below 64 percent for both imports and exports, even though there has been a slight downward trend recently. However, at the beginning of the year, Austria still achieved a surplus of 863.2 million euros here.

Imports from EU countries worth 9.97 billion euros were offset by exports of 10.83 billion euros in January. Therefore, Austria achieved a surplus of 860 million euros here. However, Austria recorded a trade balance deficit in foreign trade with non-EU countries: While imports increased by 7.3 percent to 5.51 billion euros compared to January 2024, exports to non-EU countries fell by 8 percent to 4.96 billion euros. This resulted in a deficit of 550 million euros.

(APA/Red)

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