Question

what are the trade statistics of Austria

Answer 1

Austria is a highly international economy. In 2017, the total value of imports in the country was $176 billion while the total exports were worth $168 billion which means that it has a negative trade of balance of $8 billion. Germany, United States, Italy and Switzerland are the most important trading partners of the country. Austria is a net exporter of technology to Switzerland, Russia and Germany while a net technology importer from US and UK.

The exports of goods and services of Austria as a percentage of GDP is 52.24% while the imports comprise about 48.43% of GDP.