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Austria posted a trade surplus of EUR 0.49 billion in June 2024, shifting from a EUR 153 billion deficit in the corresponding month of the previous year. Exports fell 7.6% year-on-year to EUR 15.969 billion, as shipments to EU countries (-7.1%) decreased, as well as to non-EU countries (-8.6%). Meanwhile, imports decline at a faster 11.6% to EUR 15.481, as arrivals from EU countries (-10.2%) and non-EU countries (-14.3%) dropped. “The downward trend is partly due to the fact that trade with Germany, Austria’s most important trading partner by far, has been lagging behind the same month of the previous year every month for the past year, with the exception of April 2024. In June alone, exports and imports from the neighboring country both fell by more than 9%” Statistics Austria General Director Tobias Thomas stated.