Austria’s Foreign Trade: Status and Prospects

Andrei Nikolaevich Plotnikov and Artem Nikitich Klimentyev
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Andrei Nikolaevich Plotnikov: Trade Representation of the Russian Federation in Austria, Vienna, Austria
Artem Nikitich Klimentyev: Trade Representation of the Russian Federation in Austria, Vienna, Austria

Russian Foreign Economic Journal, 2025, issue 8, 96-111

Abstract: Foreign trade is the main driver of Austria’s economy. However, for two consecutive years now, the growth rates of its foreign trade have been in negative territory. At the same time, the country’s economy is also in recession - the longest since the establishment of the independent republic. The decline in foreign trade is due to weak economic performance in recent years, both in Austria itself and among its key European trading partners, especially Germany. This situation is largely caused by the boomerang effect of the anti-Russian economic sanctions imposed by European countries.

Keywords: Austria; economy; export; import; foreign trade; goods; services; investments; GDP (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2025_08_96-111

DOI: 10.64545/2072-8042-2025-8-96-111

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