Economy, Commerce and Trade

The value of imports in 2000 was $68.4 billion. Industrial and general machinery, transportation equipment, clothing and accessories, metals, food products, metal manufactures, textiles, office machines, and petroleum and petroleum products were among the chief import commodities. Austrian exports totaled $63.7 billion in the same period. The principal products exported included specialized and general industrial machinery, metal manufactures, electrical machinery, transportation equipment, paper and paper manufactures, iron and steel, textiles, engines, and telecommunications and sound equipment. Germany is the largest market for and supplier to Austrian industry. Other leading markets for exports include Italy, Switzerland and Liechtenstein, Hungary, and the United Kingdom. Leading sources for imports (in addition to Germany) are Italy, the United States, France, and Switzerland. Austria became a member of the European Union in 1995.