International Merchandise Trade Statistics: Exports: Commodities for Austria
XTEXVA01ATQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,056,700,000.00
Year-over-Year Change
5.49%
Date Range
1/1/1953 - 1/1/2025
Summary
This economic trend measures Austria's exports of commodities, providing insights into the country's international trade patterns and competitive position.
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
The International Merchandise Trade Statistics: Exports: Commodities for Austria tracks the value of Austria's exports of various goods and products to international markets. This data is used by economists and policymakers to analyze Austria's trade balance, export competitiveness, and integration into global supply chains.
Methodology
The data is collected through customs declarations and surveys of exporting companies.
Historical Context
This trade data informs economic policy decisions and helps businesses understand market dynamics.
Key Facts
- Austria is a major exporter of machinery, vehicles, and chemical products.
- Exports account for over 50% of Austria's GDP.
- The EU is Austria's largest trading partner.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of Austria's exports of various goods and commodities to international markets.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Austria's trade balance, export competitiveness, and integration into global supply chains, which are important for economic policymaking and business strategy.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This trade data informs economic policy decisions and helps businesses understand market dynamics.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of export information by companies and customs authorities.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Austria (XTEXVA01ATQ664S), retrieved from FRED.