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Austrian foreign trade sees strong start to 2019

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Christian Fernsby |
Austrian foreign trade
Europe   Imports were up 8.3 percent compared to the first two months of 2018

Austrian foreign trade has seen a strong start to the year with both imports and exports up in January and February year-on-year, Statistics Austria stated.

Imports were up 8.3 percent compared to the first two months of 2018, to a total 26.18 billion euros (29.31 billion U.S. dollars), while exports increased 7.2 percent to 25.5 billion euros (28.55 billion U.S. dollars).

The resulting deficit of 680 million euros (761 million U.S. dollars) was higher than the 400 million euro (447 million U.S. dollars) deficit seen the year prior.

Exports to fellow European Union member states increased 8.2 percent to 18.2 billion euros (20.38 billion U.S. dollars), while imports increased 4.4 percent to 18.08 billion euros (20.25 billion U.S. dollars), resulting in a positive trade balance.

In trade with so-called "third states," or states outside of the European Union, imports increased 17.9 percent to a total 8.11 billion euros (9.08 billion U.S. dollars), while exports increased 4.9 percent to reach 7.31 billion euros (8.19 billion U.S. dollars), the statistics office said.


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