International Trade: Net Trade: Value (Goods): Total for Austria
AUTXTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
-120.82%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures Austria's net trade value, which is the difference between its total exports and imports of goods. It provides insight into Austria's trade balance and competitiveness in global markets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Net trade value is a key indicator of a country's international trade position. It reflects the net flow of goods moving in and out of the Austrian economy, offering policymakers and analysts important information about the nation's trade performance and economic integration.
Methodology
The data is collected by the Austrian national statistical agency and reported to international organizations.
Historical Context
Policymakers and economists closely monitor Austria's net trade value to assess the nation's economic health and trade relationships.
Key Facts
- Austria has run a consistent trade surplus since the 1980s.
- Machinery and transport equipment account for over 50% of Austria's exports.
- Germany is Austria's largest trading partner, receiving over 30% of its exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures Austria's net trade value, which is the difference between its total exports and imports of goods.
Q: Why is this trend relevant for users or analysts?
A: Net trade value is a key indicator of a country's international trade position and economic competitiveness, offering important insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian national statistical agency and reported to international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor Austria's net trade value to assess the nation's economic health and trade relationships.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, International Trade: Net Trade: Value (Goods): Total for Austria (AUTXTNTVA01STSAQ), retrieved from FRED.