FX.co ★ Austria Trade Balance Swings to Deficit in July

In July 2025, Austria recorded a trade balance deficit amounting to EUR 1.8863 billion, a significant shift from the EUR 679.7 billion surplus posted in the same month of the previous year. This represents the largest deficit observed since January 2023, caused by an increase in imports alongside a decline in exports. Specifically, imports grew by 3.4% year-over-year, reaching EUR 16.95 billion. This growth was primarily fueled by a surge in acquisitions of machinery and vehicles (up 10.5%), other manufactured goods (up 3.4%), and processed goods (up 1.4%). Import activity heightened with EU countries by 5.7%, although there was a 1.2% reduction for non-EU countries. In contrast, exports plummeted by 11.9% to EUR 15.06 billion, primarily due to diminished dispatches of chemical products (down 30.2%) and machinery and vehicles (down 11.4%). Exports to non-EU countries saw a steep decline of 29.1%, while exports within the EU fell by 3.4%.