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India-Austria Bilateral Foreign Trade Volume Increases to EUR 1.40 Billion
Last year was a very good year for India-Austria foreign trade. Experiencing a much faster growth rate than Austria’s overall trade, Austria imported items amounting to EUR 702 million from India and exported a volume amounting EUR 700 million to India.
2015 India-Austria Bilateral Trade Results: Best results in Years / Picture: © Indian and Austrian crossed flags by Vindobona
Having experienced virtually continuous growth in the 10-year period between 2002-2011, Austria’s trade with India suffered a steep decline in 2012, mainly due to a considerable deacceleration of Indian imports from Austria by -23.4%, while exports decreased by -0.9% only in that year.
After these double negative rates of growth in 2012, bilateral trade recovered in 2013,…
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