Austria

Austria ranked No. 36 in total trade value through March with a total of $3.71 billion. Exports totaled $862.79 million and Imports totaled $2.84 billion, a deficit of $1.98 billion.

U.S. trade with Austria rose to $3.71 billion through March

Austria’s trade with the United States rose to $3.71 billion through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 22.12 percent below its total trade during the same time period last year. U.S. exports to Austria decreased 51.92 percent while U.S. imports from Austria fell 4.1 percent. The U.S. deficit with Austria was $1.98 billion.

Through March, 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 Port of Charleston; No. 4 Chicago O’Hare International Airport; 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 John F. Kennedy International Airport. In the current time period, the top five accounted for 46.94 percent of Austria’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 0.6 percent to $414.57 million.
    Exports rose 0.42 percent to $25.97 million. Imports fell 0.67 percent to $388.6 million.
  • Trade with No. 2 Port of Virginia fell 18.46 percent to $403.02 million.
    Exports fell 29.47 percent to $203.73 million. Imports fell 2.98 percent to $199.29 million.
  • Trade with No. 3 Port of Charleston rose 12.9 percent to $366.59 million.
    Exports rose 177.11 percent to $34.96 million. Imports rose 6.26 percent to $331.63 million.
  • Trade with No. 4 Chicago O’Hare International Airport rose 39.81 percent to $338.57 million.
    Exports fell 45 percent to $51.76 million. Imports rose 93.71 percent to $286.81 million.
  • Trade with No. 5 John F. Kennedy International Airport fell 23.65 percent to $217.21 million.
    Exports fell 40.65 percent to $80.33 million. Imports fell 8.23 percent to $136.89 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 $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Austria by value through March were the categories of Plasma, vaccines, blood; Coal, briquettes; Civilian aircraft, parts; Low value shipments; and Spongy ferrous products, iron 99.94% pure, respectively. They accounted for 50.99 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 34.5 percent of all inbound shipments.

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

  • Plasma, vaccines, blood fell 29.26 percent compared to last year to $259.4 million.
  • Coal, briquettes fell 51.38 percent compared to last year to $60.4 million.
  • Civilian aircraft, parts rose 20.55 percent compared to last year to $51.04 million.
  • Low value shipments fell 54.82 percent compared to last year to $37.14 million.
  • Spongy ferrous products, iron 99.94% pure totaled $31.95 million. The previous year, there were no exports in this category.

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

  • Passenger vehicles fell 26.32 percent compared to last year to $272.46 million.
  • Sweetened waters rose 22 percent compared to last year to $226.82 million.
  • Plasma, vaccines, blood rose 50.74 percent compared to last year to $219.7 million.
  • Medicines in individual dosages fell 42.17 percent compared to last year to $139.73 million.
  • Motor vehicle engines rose 144.28 percent compared to last year to $122.61 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.