Austria: balance of trade deficit at €0.12 bn in June 2020

The value of imports of goods was at €11.61 bn in June 2020, a decrease of 5.1% compared to June 2019, as Statistics Austria reports.

The strongest decrease was recorded with Germany.

At the same time, exports of goods decreased by 5.4% to €11.49 bn, with Italy and Hungary particularly affected.

The balance of trade thus showed a deficit of €0.12 bn.

In the period January to June 2020, total imports amounted to €69.65 bn and total exports added up to €68.51 bn, according to preliminary results by Statistics Austria.

Compared to the corresponding period of the previous year, Austrian imports decreased by 13.0% and Austrian exports declined by 11.7%.

The global ITGS balance (Austrian International Trade in Goods Statistics balance) showed a deficit of €1.14 bn.