Austria - Import Tariffs Austria - Import Tariffs Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market. In 2018, Austrian exports to Germany represented 30% of total exports, while imports represented 35.5%. In 2018 Australia was the number 13 economy in the world in terms of GDP (current US$), the number 24 in total exports, the number 24 in total imports, and the number 73 most complex economy according to the Economic Complexity Index (ECI). The landlocked country in central Europe is ranked #30 in the world for total exports and #29 for total imports. Travelers. 34 among U.S. trade partners in September. You will only occasionally have to expect these checks at the border or when traveling through Austria. Austria exports over $160B and imports around $170B per year, which results in a small negative trade balance of around $10B. The value of exports of commodity group 8464 "Machine-tools for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass." Austria is the twenty-eight largest export economy in the world and is ranked as the ninth most complex economy according to the Economic Complexity Index (ECI). 34 for the same month last year. This translates to a negative trade balance of -$3.46 billion. Customs & Import. Austrian imports represent 0.9% of total global imports which totaled $19.665 trillion one year earlier. Its main imports are machinery, vehicles and petroleum. Germany is by far Austria’s most important trading partner, making up more than 30% of Austria’s exports and imports. Germany is, by far, Austria’s privileged partner for both imports and exports. Austria Economy Overview. The change in exports was -17.13 percent and the change in imports was 2.63 percent. Austria’s total trade with the United States was $1.29 billion in September, a change of -0.99 percent from the same month one year ago. Apart from Austria, vehicle parts are also top exports in Portugal, Poland, and Romania. Austria services export is 74,752,435,609 in BoP, current US$ and services import is 62,444,595,596 in Bop, current US$.Austria exports of goods and services as percentage of GDP is 55.76% and imports of goods and services as percentage of GDP is 52.03%. In 2016, the country’s recorded imports accounted for 12,123 million euros, while its exports amounted to 11,840 million euros. The country’s main exports are machinery, iron and steel, vehicles, and cork and wood. Exports and imports with Italy amount to 10 billion euro each, equalling a share of slightly more than 6%. Information provided by the Federal Ministry of Finance: When entering Austria from other EU Member States, the previously carried out permanent customs checks are no longer in operation. Austria ranked No. In 2018, Australia exported $248B and imported $219B, resulting in a positive trade balance of $28.7B. It had ranked No. The import and export industry in Austria plays a very important role in the country’s economy. From a continental perspective, 83.1% of Austria’s total imports by value in 2019 were purchased from fellow European … Austria is ranked as the world’s 26th largest economy in terms of GDP, with annual exports of $176 billion and imports of $179 billion. Vehicle parts export in Austria totals up to $4.98 billion and constitute 3.2% of the total exports. from Austria totalled $ 65 million in 2019. Austria’s economy is highly dependent on its trade relations with other countries, particularly members of the European Union. Viennese restaurant Austria imported US$185 billion worth of goods from around the globe in 2019, expanding by 25% since 2015 and up by 0.4% from 2018 to 2019. 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