Austria

Austria ranked No. 36 in total trade value through August with a total of $9.41 billion. Exports totaled $2.16 billion and Imports totaled $7.24 billion, a deficit of $5.08 billion.

U.S. trade with Austria rose to $9.41 billion through August

Austria’s trade with the United States rose to $9.41 billion through the first eight months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 29.2 percent below its total trade during the same time period last year. U.S. exports to Austria decreased 51.29 percent while U.S. imports from Austria fell 18.12 percent. The U.S. deficit with Austria was $5.08 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Virginia; No. 3 Chicago O’Hare International Airport; No. 4 Port of Charleston; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 San Juan International Airport, P.R.; No. 2 Port of Virginia; No. 3 Port of Newark; No. 4 Port of Charleston and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 47.4 percent of Austria’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 8.77 percent to $1.1 billion.
    Exports rose 9.69 percent to $58.28 million. Imports fell 9.62 percent to $1.04 billion.
  • Trade with No. 2 Port of Virginia fell 25.87 percent to $1.01 billion.
    Exports fell 30.27 percent to $520.7 million. Imports fell 20.54 percent to $489.24 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 25.35 percent to $894.14 million.
    Exports fell 25.41 percent to $138.97 million. Imports rose 43.3 percent to $755.16 million.
  • Trade with No. 4 Port of Charleston fell 14.22 percent to $834.18 million.
    Exports rose 46.04 percent to $82.44 million. Imports fell 17.94 percent to $751.73 million.
  • Trade with No. 5 John F. Kennedy International Airport fell 9.53 percent to $618.47 million.
    Exports fell 42.26 percent to $130.01 million. Imports rose 6.55 percent to $488.46 million.

Austria ranked No. 36 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 33.

Meanwhile, total U.S. trade with the world increased to $2.4 trillion, down 13.21 percent compared to the same period last year. The nation’s exports dropped 16.18 percent to $917.89 billion; imports dropped 11.26 percent to $1.48 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $564.57 billion, down compared to the same period of last year when the deficit was $575.47 billion.

The top five U.S. exports to Austria by value through August were the categories of Plasma, vaccines, blood; Civilian aircraft, parts; Coal, briquettes; Low value shipments; and Insulin, hormones and steroids, respectively. They accounted for 53.28 percent of total exports to Austria.

The value of the top five categories of U.S. imports from Austria –– Passenger vehicles; Sweetened waters; Plasma, vaccines, blood; Medicines in individual dosages; and Motor vehicle engines –– accounted for 35.09 percent of all inbound shipments.

Looking more closely at U.S. exports to Austria:

  • Plasma, vaccines, blood fell 27.13 percent compared to last year to $658.91 million.
  • Civilian aircraft, parts rose 2.15 percent compared to last year to $209.56 million.
  • Coal, briquettes fell 49.79 percent compared to last year to $136.68 million.
  • Low value shipments fell 55.16 percent compared to last year to $90.15 million.
  • Insulin, hormones and steroids fell 96.3 percent compared to last year to $57.32 million.

Looking more closely at U.S. imports from Austria:

  • Passenger vehicles fell 35.85 percent compared to last year to $662.78 million.
  • Sweetened waters fell 11.26 percent compared to last year to $610.19 million.
  • Plasma, vaccines, blood rose 12.08 percent compared to last year to $588.67 million.
  • Medicines in individual dosages fell 29.45 percent compared to last year to $439.12 million.
  • Motor vehicle engines rose 10.09 percent compared to last year to $241.02 million.

In the latest annual figures available, Austria recorded $18.92 billion in trade with the United States. Total U.S. exports to Austria were $ 5.75 billion and imports from Austria were $13.17 billion. The U.S. deficit with Austria was $7.42 billion.