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Belarus - Austria: Trade and Economic Cooperation

Belarus - Austria: Trade and Economic Cooperation

11.11.2019 | 16:28

Austria is a very important investment partner of Belarus. Many world-renowned companies from Austria operate branches and offices in Belarus, provide loans to finance trade and to implement investment projects.

In 2018 Belarus-Austria merchandise trade totaled $171.5 million, with Belarusian exports reaching $28.4 million.

Trade (million USD):

2007 – 205.7

2008 – 254.6

2009 – 177.5

2010 – 213.4

2011 – 269.2

2012 – 291.4

2013 – 375.5

2014 – 309.7

2015 – 184.0

2016 – 144.3

2017 – 177.4.

Belarus' major exports to Austria: fruits, petroleum products, potash fertilizers, furniture, metal products and trucks.

Austria' major exports to Belarus: food products, vaccines, medicines, fertilizers and paper.

Promising areas of cooperation between Belarus and Austria include renewable energy, waste management, public infrastructure, forestry, construction, information technology.

Source: National Statistics Committee of Belarus, Austrian Embassy in Belarus.