The U.S. Department of State reports that Austria has achieved sustained economic growth and belongs to the richest countries in the EU (fourth after Luxembourg, Ireland, and the Netherlands). The country's growth during 2006 and 2007 was driven largely by increased export activity.
Export and Import Facts
- Export volume for 2007 was US$156.4 billion
- Major exports include iron and steel products, timber, paper, textiles, electro-technical machinery, chemical products and foodstuffs
- 2007 imports totaled US$155.9 billion
- Major imports include machinery, vehicles, chemicals, iron and steel, metal goods, fuels, raw materials and foodstuffs
- European Union (EU) member states, Switzerland, the U.S. and China are the country’s primary trade partners
Export/ Import Resources
The Austrian Federal Economic Chamber is, by law, the representative of the entire Austrian business community. Membership is compulsory and comprises all Austrian companies-some 400,000 businesses drawn from the areas of crafts and trades, industry, trade and commerce, banking and insurance, information and consultancy, tourism and leisure, transport and communication.
Included on the website is information about exporting goods to or importing goods from the country.
The Federal Ministry of Finance created this guide to Austrian Customs and foreign trade transactions. Topics covered include Austria's e-Customs system, export procedures, and Customs transit.
In addition to this resource, Austria's bilateral chambers of commerce offer some opportunities for networking that can help you establish new connections with exporters and importers in Austria. The following resources can help you explore your potential in this affluent market.