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Foreign Trade

Foreign Trade Deficit Down in November

The foreign trade deficit in Austria slipped to EUR 1.03 billion in eleven months of 2015, from EUR 1.61 billion (USD 1.8 billion) in the previous year, Statistik Austria reported. Exports rose by 2.4 percent to EUR 121.14 billion, while imports hiked 1.9 percent to EUR 122.17 billion.

February 8, 2016

OeKB: Austrian Exporters Face Biggest Payment Bottlenecks in Russia, Venezuela

Austrian exporters are facing the highest risk of payment bottlenecks in the case of Russian and Venezuelan partners, show the statistics published by specialpurpose bank OeKB comparing Q4 and Q3 2015. Other countries where Austrian firms encounter payment delays are Kazakhstan and Spain.

February 3, 2016

Salzburg Delegation Meets Slovenian Economy Ministry Officials

Governor of the province of Salzburg Wilfried Haslauer was received by Slovenian Economy Ministry State Secretary Ales Cantarutti and his delegation to debate the strengthening of business cooperation, especially in high-tech industries, logistics and transport, and the wood industry.

January 26, 2016

Agricultural Exports Grow in 2015 Despite Russian Embargo

Austrian agricultural and food exports increased in 2015, despite the Russian embargo and depreciation of the Russian currency, by about 2.5 percent to EUR 9.99 billion. Austrian exports to Russia plunged 43 percent to EUR 107.1 million. Exports to the USA soared 42 percent to EUR 642.6 million thanks to high demand for Red Bull and cheese.

January 14, 2016

Saubermacher Lands Orders in Oman

Waste disposal specialist Saubermacher has received two big orders from Oman. In a jointventure with a local company, the Styrian waste disposal company will cooperate on the development of waste collection and recycling centres .

January 11, 2016

Austrian Foreign Trade Contracts in October

After growth in September, Austrian foreign trade decreased year to year. Goods exports dropped 2.4 percent, imports dropped 2.6 percent. In the first ten months of the year the export growth decreased to 2.1 percent. Growth of imports decreased to 1.4 percent. Imports and exports to China decreased. Exports to Russia were halved.

January 11, 2016

Austrian Exports Up 2.5 Pct Y/Y in 9 Months

Austria's exports rose by 2.5 percent y/y in the first nine months to EUR 97.5 billion (USD 105.8 billion), while exports rose by 1.5 percent to EUR 98.7 billion in the period, according to the preliminary data of stats office Statistik Austria.

December 9, 2015

Austria's Foreign Trade with Turkey Flourishing

For Austrian exporters Turkey is already a major market, however, they are still far from taking advantage of the whole potential. This year in the period till August exports climbed 13 percent, compared to the same period of last year, to EUR 910 million. Imports increased by almost 12 percent to EUR 924 million (USD 975 million).

December 3, 2015

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