Foreign Trade

Austrian Economy Ministry Extends ‘Go International’ Initiative

The Economy Ministry has extended the export-supporting initiative "go international” until March 2019. The ministry has earmarked EUR 56 million (USD 61.44 million) for the purpose, which means the subsidies volume will be similar to that provided in previous years. The target of the program is to gain 8,000 new exporters, Economy Minister Reinhold Mitterlehner (People’s Party) said in a statement.

August 5, 2015

Trade Deficit Down 18 Percent until April

Austria’s trade deficit slipped 18 percent in the first four months of 2015, Statistik Austria reports citing preliminary figures. In the months from January to April the deficit decreased by nearly EUR 250 million (USD 276 billion) to EUR 1.062 billion. The deficit drop was even more pronounced in trade with EU member states: down 33 percent to EUR 1.008 billion. This was due to shrinking imports and rising exports.

July 9, 2015

Austria Set to Achieve Small Surplus in Foreign Trade in 2015

Austria should achieve another record in terms of exports in 2015, while foreign trade balance should be slightly positive for the first time since 2007, Austria's Federal Economic Chamber (WKO) head Christoph Leitl said at the opening of the 13th Austrian Exports Day. Leitl estimates the predicted surplus at EUR 0.1 billion (USD 0.1 billion) as imports have been growing at a slower rate than exports. In 2016, foreign trade surplus should be bigger at EUR 0.6 billion.

June 30, 2015

Austria's Foreign Trade Deficit Sank to EUR 1.74 Billion in 2014

The balance of Austrian foreign trade improved substantially last year. The deficit on foreign trade decreased by EUR 3 billion from EUR 4.90 billion (USD 5.5 billion) to EUR 1.74 billion final figures reported by Statistik Austria show. Whereas imports dropped 0.7 percent, exports increased by 1.8 percent.

June 26, 2015

Strong German Economy Pulls Austria Along

German economy is recovering visibly this year. GDP growth of between 1.6 and 1.9 percent is expected (2014: 1.5 percent). Also Austria should benefit from this growth, as its export is strongly tied to the neighbor's economy. Just under 30 percent of all Austrian exports in 2014 went to Germany.

June 9, 2015

Austrian Foreign Trade with Russia and Ukraine Caved In

Foreign trade between Austria and Russia/Ukraine dropped y/y in Q1 2015: exports to Russia slipped by 39.8 percent, while imports from Russia fell 48.7 percent to EUR 0.4 billion, preliminary figures of Statistik Austria indicate. The imports from Ukraine fell by 31.5 percent, while exports dropped 55.9 percent to EUR 71 million.

June 9, 2015

KTM Sportmotorcycles are now Manufactured in India

Upper Austrian manufacturer KTM first revealed its KTM Duke 250 and RC 250 in Tokyo. Now there is a buzz that KTM will start manufacturing Duke 250 and RC 250 at Bajaj's chakan plant in Pune/India and will start exporting the bike to other countries. The KTM Duke 250 and RC 250 are exported to Austria, Japan, Hong Kong, Malaysia, Turkey and Thailand.

May 29, 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