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Steel Exports Report: Austria
Background
Austria was the world’s seventeenth-largest steel exporter in 2017. In 2018, Austria exported 7.3 million metric tons of steel, a 6 percent decrease from 7.8 million metric tons in 2017. Austria’s exports represented about 2 percent of all steel exported globally in 2017. The volume of Austria’s 2018 steel exports was 1/7th the size of the world’s largest exporter, China, and about 1/4th that of the second-largest exporter, Japan. In value terms, steel represented just 4.8 percent of the total amount of goods Austria exported in 2018.
Austria exports steel to more than 130 countries and territories. The 10 countries labeled in the map below represent the top markets for Austria’s exports of steel, with each country receiving more than 200 thousand metric tons each. The top 10 countries cumulatively accounted for 75 percent of Austria’s steel exports in 2018.
Austria’s imports and exports have moved roughly in tandem since 2005, and the country has maintained an annual average trade surplus of 3 million metric tons. In the wake of the 2008 global recession, imports and exports both dipped and have gradually recovered, increasing 62 percent and 39 percent, respectively, between 2009 and 2018. Austria’s steel trade surplus amounted to 2.6 million metric tons in 2018, an 18 percent decrease from 3.2 million metric tons in 2017.
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