Foreign Trade

Who are Austria's Trading Partners with Biggest Payment Bottlenecks?

Austria's exporters see the biggest payment delays in the case of trading partners from Turkey, China and Russia, show the data on Austria's key trading partners compiled by export insurer OeKB-Versicherung.

May 11, 2015

Austrian Foreign Trade Grew Again in February

Foreign trade grew again in February, after a contraction in January. Austrian exports increased in February this year, compared to February 2014 by 1.7 percent to EUR 10.30 billion. At the same time imports increased by 1.8 percent to EUR 11.08 billion Statistik Austria announced.

May 8, 2015

Chancellor Faymann: TTIP Free Trade Yes, But on Fair Terms

Federal Chancellor Werner Faymann (SPO) stated in connection to the the TTIP, CETA and TiSA information day to take place on Saturday, that he endorsed free trade, but on fair conditions.

April 17, 2015

Austria's Foreign Trade Shrank By 4.8 Percent in January

Foreign trade substantially decreased in January. Austrian exports sank, compared to the same month of last year by 4.8 percent to EUR 9.53 billion. At the same time imports decreased by 4.5 percent to EUR 10.13 billion according to preliminary data provided by Statistik Austria on Friday. The foreign trade deficit increased from EUR 591.5 million to EUR 600.9 million (USD 645.613 million).

April 10, 2015

Außenwirtschaft Austria: Iranian Oil Exports Expected to Hike Only Temporarily After Sanction Lift

Iranian oil might temporarily flood the market as a result of lifting the nuclear power programme ban imposed on that country, since Iran has huge reserves of the resource. However, once the reserves are used up it will need investments in oil fields, JBC expert Alexander Pögl reckons.

April 3, 2015

4,137 German Companies in Austria Employ 260,000 Employees

In Austria 4,137 German companies (stake of more than 50 percent) are active. They have 260,000 employees and their total output is over EUR 47 billion (USD 51 billion). Exports to Germany secures 500,000 jobs in Austria and generates an output of EUR 92 billion German chamber of commerce in Austria estimates.

March 30, 2015

Austrian Export Day 2015 - Tomorrow is Today: Meet Trade Delegates at the Exporttag

On June 30, 2015, from 10am to 5pm the Export Day (Exporttag 2015) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

March 27, 2015

China Visit: Austria Signs 20 Agreements Worth EUR 120 Million

Austrian Federal President Heinz Fischer is very satisfied about his visit to China. Austria has organized twice already official visits to that country and this time Austria’s head of state was met by China’s President, PM and head of Parliament.

March 27, 2015

Austrian Business with China further Growing

Even though China’s economic growth has slowed down recently, it still boasts a significant growth compared to Western markets. Apparently (see the FriedlNews reports on President Fischer's state visit to Beijing) Austrian firms try to take advantage of this 1.4 billion people market.

March 27, 2015

State Visit to China: President Fischer Accompanied by Business Delegation Travels to Beijing

Federal President Heinz Fischer is travelling for a state visit to China. He will be welcomed with military honors by Chinese President Xi Jinping and by Prime Minister Li Keqiang. According to the Federal Chancellery, besides economic issues, Heinz Fischer has on his agenda to address all burning political issues from Iran to Russia, Ukraine, Syria and North Korea, but also human rights.

March 25, 2015