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BILATERAL TRADE, INVESTMENT FIGURES AND TRENDS (Jan-Dec 2016) 

  1. Trends in Bilateral trade: 

(i)Bilateral Trade

(In EUR)

 

Import

Export

Total

Growth % of Import

Growth % of Export

Austria Trade with India

775,966,899

779,425,870

1,555,392,769

9.1%

11.2%

Austria Total Global Trade

135,593,062,005

131,218,481,151

266,811,543,156

1.5%

-0.2%

 

(ii)Top 10 items of Export to India

(In EUR)

S.No.

Commodity

01.Jan – 31.Dec.2016

Percentage Growth (%)

%Share in total Export

1

Boilers, Machinery And Mechanical Appliances; Parts Thereof

163,567,534

0.7%

21.0%

2

Iron And Steel

118,811,899

46.8%

15.2%

3

Electrical Machinery And Equipment And Parts Thereof

96,390,972

3.3%

12.4%

4

Optical, Photographic, Cinematographic, Measuring, Checking, Precision, Medical Or Surgical Instruments And Apparatus; Parts And Accessories Thereof

52,150,660

-20.4%

6.7%

5

Railway Or Tramway Locomotives, Rolling Stock And Parts Thereof

35,383,780

73.4%

4.5%

6

Man-Made Staple Fibres

35,032,740

7.3%

4.5%

7

Pharmaceutical Products

27,427,566

144.4%

3.5%

8

Articles Of Iron Or Steel

25,811,693

-11.1%

3.3%

9

Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof

24,305,606

92.0%

3.1%

10

Plastics And Articles Thereof

24,269,615

33.6%

3.1%

 

(iv) Top 10 items of Import from India

(In EUR)

S. No.

Commodity

01.Jan – 31.Dec.2016

Percentage Growth (%)

%Share in total Import

1

Articles Of Apparel And Clothing Accessories, Knitted Or Crocheted

88,073,559

21.0%

11.4%

2

Articles Of Apparel And Clothing Accessories, Not Knitted Or Crocheted

80,411,701

16.5%

10.4%

3

Electrical Machinery And Equipment And Parts Thereof

78,590,572

9.6%

10.1%

4

Footwear, Gaiters And The Like; Parts Of Such Articles

63,307,621

-3.4%

8.2%

5

Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof

62,142,785

14.4%

8.0%

6

Boilers, Machinery And Mechanical Appliances; Parts Thereof

56,725,362

6.6%

7.3%

7

Organic Chemicals

55,287,694

20.7%

7.1%

8

Articles Of Leather; Saddlery And Harness; Travel Goods, Handbags And Similar Containers; Articles Of Animal Gut

33,195,723

0.0%

4.3%

9

Other Made-Up Textile Articles; Sets; Worn Clothing And Worn Textile Articles; Rags

27,694,989

7.7%

3.6%

10

Rubber and Articles Thereof

23,093,288

21.7%

3.0%

 

 (vi) Top 5 competitors of India’s top 5 exports

(In EUR)

S.No.

Commodity

Competitors

1

Articles Of Apparel And Clothing Accessories, Knitted Or Crocheted

China

 464,217,586

Germany

 441,253,089

Bangladesh

 363,143,826

Turkey

 201,030,240

Italy

 147,667,545

2

Articles Of Apparel And Clothing Accessories, Not Knitted Or Crocheted

China

 543,748,855

Germany

 503,421,809

Bangladesh

 232,417,780

Italy

 186,792,951

Turkey

 117,957,659

3

Electrical Machinery And Equipment And Parts Thereof

Germany

 4,217,000,996

China

 2,438,338,915

Czech Republic

 795,525,286

Slovakia

 469,076,090

Hungary

 425,956,585

4

Footwear, Gaiters And The Like; Parts Of Such Articles

China

 282,415,806

Germany

 203,293,358

Romania

 186,814,026

Vietnam

 156,223,617

Italy

 155,155,915

5

Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof

Germany

 6,463,436,215

Spain

 1,035,798,772

Italy

 924,303,710

France

 829,388,183

Czech Republic

 800,406,875

 

(vii)Trade Analysis and Significant Trends

­

Austrian trade with India continues to experience a very positive trend and speed up at a much more dynamic speed than Austria’s overall foreign trade in both imports and exports. The results for the January-December 2016 mark the third consecutive year in which India-Austria trade entered a significant recovery path after having slowed down in the years following the economic crisis until 2014.

In 2016, exports to India registered 11.2% growth and stood at nominal EUR 779.42 million euros while imports from India increased by 9.1% y-o-y with nominal EUR 775.96 million euros. Differently from the two previous years, when a trade surplus in favor of India had been registered, 2016 results leave a trade surplus of EUR 3.45 million euros in favor of Austria.

The major import sectors remain the same, being Article of Apparel and Clothing, Textiles, Articles of Leather, as well as Footwear the most important chunk of Austria’s imports from India, accounting altogether for about 38% of Austria’s total imports from India. Electrical Machinery (10.1% of total imports), Vehicles & Railway Technology (8.0%) and Machinery & Mechanical Appliances (7.3%) follow as the top three import items in the technology sectors. Moreover, the three item groups combined represent the second most important chunk of Austria’s import from India amounting for about 25.4% of total imports. As far as highlights in the trade trends, it is important to notice the continuous speedy growth in imports of Organic Chemicals, which amounted for 5.5% of Austria’s total import from India in the same period in 2014 and now stands at 7.1% of total imports.

On the exports side, in comparison to Austria’s total exports to the world, the figures indicate a considerable positive trend in relation to India. Austria’s major exports to India continue to be Machinery & Mechanical Appliances (21% of total exports), Iron & Steel (15.2%) and Electrical Machinery (12.4%). Together, their current share account for about virtually half of total exports, being Iron & Steel responsible for a considerable chunk of this value with continuous considerable growth by 46.8% y-o-y (2015:79.1%), compensating for the smaller changes in volume of exports in the two other item groups. Other significant fluctuations in the exports side are registered for Railway & Parts Thereof with increase by 73.4% (2015:269.7%), now amounting for 4.5% of total exports as well as Pharmaceuticals, with increase by 144.4% (2015: 206.4%), now accounting for 3.5% of total exports to India. These last two item groups have been showing steady growth in the last two years and the positive trend is clear.

In general, it is possible to notice that there is a very positive trend in Austria’s trade with India. Nevertheless, the scope is known to be greater, specially on the Indian exports side, since the known demand of technology items imported by Austria is not yet being tapped significantly by Indian products. However, as India climbs up the value chain with its massive manufacturing empowerement, it is hoped that significant changes in the nature of trade between the two countries will take place, in which manufatured items shall account for a bigger chunk of India-Austria trade. 

  1. Bilateral Investments 

According to final data up to 2016 disclosed by the Austrian National Bank, India has received a cumulative direct investment amounting 456 million EUR from Austria. (+80 million in comparion to 2015)

According to the same source, India has a cumulative direct investment amounting 136 million EUR in Austria as of the same period. (+1 million in comparison to 2015)

No further detailed data is available. (Last updated on April, 2017)

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