Compared to year 2019, the turnover of the Austrian
foreign trade of the year 2020 (preliminary results) indicated an decrease
with regard to imports as well as to exports. Austrian imports of goods
sunk by 8.6% to €144.20 bn; Austrian exports declined by 7.5% to €141.93 bn.
Foreign trade with EU member states showed also a decrease in both trade
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The decline in the months March, April and May, which were the first months particularly coined by corona-related restrictions, significantly contributed to the negative development of the reporting year as a whole. A general flattening of exports as well as imports was already seen in January and February 2020, before the first Corona lockdown in Austria took place. In the last two reporting months of 2020, slight growth was seen in both trade flows.
Imports of Machinery and transport equipment decreased by 11.4% to €50.35 bn and showed the strongest minus in terms of value and the highest value for imports. The value of imports of Mineral fuels, lubricants and related materials decreased by 32.5% to €8.29 bn.
The highest decrease for exports revealed Machinery and transport equipment, Manufactured goods classified chiefly by material and Miscellaneous manufactured articles.
Overall, trade with the EU member states (European Union as of 2020 without United Kingdowm) accounted for 68.4% of total imports (year 2019: 68.3%) and 67.5% of total exports (year 2019: 66.7%). In 2020 as a whole, imports of goods from the EU partner countries sunk by 8.6% to €98.60 bn. Exports of goods to these countries declined by 6.5% to €95.74 bn. Compared with the previous year; the deficit in trade with the EU declined from €5.39 bn to €2.86 bn.
The most important EU-trading partners for imports were Germany, Italy, Czech Republic, Poland, the Netherlands and Hungary. All of these countries showed a deficit for imports.
Germany, Italy, France, Poland, Czech Republic and
Hungary played an important role in Austrian exports to the EU Member
States. With the exception of Poland
The largest decline with respect to imports and exports
was recorded for Machinery and transport equipment (intra-EU-imports:
The value of imports from non-EU countries decreased by 8.8% to €45.60 bn as well as exports declined by 9.52% to €46.19 bn. The balance of trade with non-EU countries showed a surplus of €0,59 bn. In the year 2020 an amount of 31.6% of all imports were registered with third countries while the share of exports was 32.5%.
China, Switzerland and the United States
were the most important non-EU-trading partners on the import side and
showed positive change rates compared with 2019 (except United States,
The decrease of import values of Machinery and transport
The export-related reduction was largely attributable
to Machinery and transport equipment
|Year||Imports||Exports||Import (-) or export (+) surplus||Increase (+) or decrease (-) against the previous year||Percentage|
|€1 000||Per cent|
|Non-EU countries (extra-EU-imports/-exports)|
|S: STATISTICS AUSTRIA, monthly foreign trade statistic. - 1) preliminary results; Compiled on 11 March 2021. – 2) European Union as of 2020 without United Kingdom|
|Results (overview): foreign trade: imports, exports and percentage change; 2020 (prel. results)|
|Foreign trade: imports, exports with balance; 2020 (prel. results)|
|07.04.2021||Foreign trade January 2021: sharp decline in imports (-10.4%) and exports (-9.5%)|
|11.03.2021||Foreign trade 2020: significant decreases in imports (-8.6%) and exports (-7.5%)|
|08.02.2021||Foreign trade in November 2020: imports slightly increased by 0.05%, exports rose by 1.8%|
|08.01.2021||Foreign trade in October 2020: imports declined by 6.0%, exports by 10.7%|
|09.12.2020||Foreign trade in September 2020: imports declined by 3.3%, exports stagnated at +0.1%|
|09.11.2020||Foreign trade in August 2020 still restrained: imports declined by 5.6%, exports by 7.2%|
|09.10.2020||Foreign trade July 2020: exports declined by 6.1%, imports by 15.5%|
|08.09.2020||Foreign trade shows first possible signs of recovery: imports and exports in June 2020 each sunk by around 5%|
|07.08.2020||Foreign trade January to May 2020: decrease in imports (-14.3%) and exports (-12.9%)|
|08.07.2020||Foreign trade January to April 2020: decrease in imports (-11.3%) and exports (-9.3%)|
|26.06.2020||Foreign trade 2019 (final results): increase in imports (+1.1%) and exports (+2.3%)|
|09.06.2020||Foreign trade January to March 2020: decrease in imports (-6.8%) and exports (-5.0%)|
|08.05.2020||Foreign trade January to February 2020: decrease in imports (-6.3%) and exports (-4.9%)|
|10.03.2020||Foreign trade 2019: increase in imports (+1.2%) and exports (+2.5%)|
|07.02.2020||Foreign trade January to November 2019: increase in imports (+1.6%) and exports (+2.4%)|
|09.01.2020||Foreign trade January to October 2019: increase in imports (+2.3%) and exports (+2.9%)|
© STATISTICS AUSTRIA, Last Changed 07.04.2021