Foreign Trade

Christmas Season - Mail Order Business in Austria Booming

If the expectations of the mail order sector come true, there will be a literal flood of parcels this year before Christmas. "We expect in Christmas season this year sales growth of 15 percent” the head of Unito group (Otto, Universal, Quelle, etc.), Harald Gutschi told journalists on Tuesday. The terror attacks in Paris have additionally raised online orders.

November 24, 2015

Foreign Trade Deficit Nearly Halved

Thanks to flourishing exports Austria’s foreign trade deficit decreased by nearly half in the first eight months of 2015 y/y. The deficit shrank from EUR 2.12 billion (USD 2.3 billion) to EUR 1.11 billion y/y, a flash estimate prepared by Statistik Austria indicates.

November 9, 2015

Lower Demand for Austrian Food Abroad

The Austrian food industry is under pressure. Abroad the demand for Austrian foods has decreased, compared to 2014. On top of that come sinking producer prices. Improvement is expected next year.

October 29, 2015

Xi Jinping's Strategy Represents a Significant Threat to European Industry

AEGIS Europe, the manufacturing alliance of 30 European industry associations express skepticism at Chinese President Xi Jinping's remarks to the media during London visit. The alliance called into question Mr Xi's comments to the media about China's orientation towards a more open and transparent market.

October 21, 2015

How Can Exporters Benefit from the "Go-International Initiative" of the Austrian Chamber of Commerce?

Even in a challenging global economic environment, exports remain the driving force behind the Austrian economy. The go-international initiative of the Austrian Chamber of Commerce encourages companies to step across the border by offering advisory services, events and support, as well as making it easier for existing exporters to enter additional foreign markets.

October 19, 2015

Austria's Foreign Trade Growth Slackens a Bit in July; Turns to Surplus in YTD

Austria's foreign trade pace slackened somewhat in July as compared to June with exports up by 2.9 percent y/y to EUR 11.57 billion (USD 13.07 billion) and imports rising by 2.1 percent y/y to EUR 11.54 billion, stats office Statistik Austria said on Friday.

October 9, 2015

Some 141,412 Austrians are Hostile Towards TTIP

A united front of opponents of the US-EU trade agreement TTIP is collecting signatures under petitions against the agreement to be submitted to the EC. In Austria alone some 141,412 people signed the Stop TTIP petition, anti-globalisation NGO Attac reports.

October 7, 2015

Austrian Exports Hit by China’s Weakness

Weakened economic growth and structural transformation in China are affecting also the business of Austrian exporters. Austria’s deficit in foreign trade with China increased in H1 2015 to EUR 2.14 billion to EUR 1.7 billion according to WKÖ and Statistik Austria.

October 5, 2015

Voestalpine Steel Wins Pipeline Contract in Abu Dhabi

Listed steel group Voestalpine won a pipeline contract in the United Arab Emirates for the delivery of 95k tonnes of tube plates for a natural gas project in Abu Dhabi by spring 2016, Voestalpine said.

September 14, 2015

Austria’s Timber Market Stable, but Sales in Middle East Problematic

Austria’s timber market is going to be stable this year, the industrial union of the sector estimates. The union predicts an output of 8.4 million cubic metres lumber, which would be minimally less than a year ago and considerably below the top output of 11.3 million cubic metres recorded in 2007.

September 11, 2015