Press release: 12.432-023/21

Foreign trade in November 2020: imports slightly increased by 0.05%, exports rose by 1.8%

Vienna, 2021-02-08 – The value of imports of goods was at €13.15 bn in November 2020, a slight increase of 0.05% compared to November 2019. As Statistics Austria further reports, exports of goods rose by 1.8% to €13.03 bn in the same period. The balance of trade thus showed a deficit of €0.12 bn. Working-day adjusted, the rates of decrease were 2.4% for imports and 1.1% for exports.

The significant decline due to the first Corona lockdown in March (import: -7.9%, export: -4.3%), April (import: -25.9%, export: -23.7%) and May (import: -24.7%, export: -25.4%) was mainly responsible for the negative development of foreign trade in the current reporting year. In the period January to November 2020, total imports amounted to €132.46 bn and total exports added up to €130.82 bn. Compared to the corresponding period of the previous year, Austrian imports decreased by 9.6% and Austrian exports declined by 8.2%. A general flattening of exports as well as imports was already observed in January and February 2020, before the first Corona shutdown in Austria came into effect in mid-March 2020. The global ITGS balance (Austrian International Trade in Goods Statistics balance) showed a deficit of €1.63 bn.

For more detailed information please refer to the German version. Visualisations of the foreign trade data for 2019 are available in the ITGS-Atlas, the interactive tree maps on imports as well as exports and a bar diagram.