Sharp falls in Austrian imports and exports in May 2020

Cristian Hatis
1 Min Read

The lockdown in Austria and numerous other countries due to COVID-19 was reflected in the Austrian International Trade in Goods Statistics with sharp falls in both trade flows in May (imports: -24.8%, exports: -25.5%).

In the period January to May 2020, total imports amounted to €58.08 bn and total exports added up to €57.00 bn, according to preliminary results by Statistics Austria.

Compared to the corresponding period of the previous year, Austrian imports decreased by 14.3% and Austrian exports declined by 12.9%.

The global ITGS balance showed a deficit of €1.08 bn. Working-day adjusted, the rates of decrease were 13.5% for imports and 12.0% for exports.

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