Press release: 12.784-082/22

International trade in goods in January 2022 shows strong growth in comparison to January 2021; imports +32.0%, exports +21.3%

Vienna, 2022-04-08 – The value of imports of goods was at €15.29 bn in January 2022, an increase of 32.0% compared to January 2021, according to preliminary results by Statistics Austria. At the same time, exports of goods rose by 21.3% to €13.58 bn. The balance of trade thus showed a deficit of €1.71 bn. Working-day adjusted, the rates of increase were 25.8% for imports and 17.5% for exports.

"Before the outbreak of the war in Ukraine, Austria's foreign trade continued its growth course at the beginning of 2022 with a significant increase in imports of 32.0% and an increase in exports of 21.3% compared to January 2021. The development was supported, among other things, by strong increases in the value of imported and exported fuels and energy with +165.3% in imports and +109.0% in exports," says Statistics Austria Director General Tobias Thomas.

The four most important product groups for international trade in goods on the export side are machinery and transport equipment, manufactured goods, chemicals and related products and miscellaneous manufactured articles. Aggregated they showed an export growth of 18.5% to €11.26 bn. The highest absolute growth in exports was recorded with manufactured goods (+29.9%), followed by chemicals and related products (+27.8%). On the import side, the product group mineral fuels, lubricants and related materials replaced the product group miscellaneous manufactured articles. The aggregated imports of the four most important product groups rose by 33.4% to €11.13 bn.

For more detailed information please refer to the German version. Visualisations of the foreign trade data for 2021 are available in the ITGS-Atlas.