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Austrian exports to US rise 10 percent in 2014
(MENAFN) The American economic recovery has impacted positively on the Austrian export industry, which increased 10 percent in 2014 and hit a new record of USD8.5 billion, Xinhua reports.
One of the reason for this positive result is the weaker euro with the trend beginning before the fall of the euro, and the Austrian products are preferable because of its high quality.
The industrial sector in specific is stable, and the Austrian car suppliers is being boosted due to a resurgence in the US, Food and wine exporters are great and can look forward for more export growth.
Austria imported USD4.9 billion worth of goods from the US last year, generating a positive trade balance of USD3.6 billion, the economic delegate from the Austrian Economic Chambers (WKO) said.
One of the reason for this positive result is the weaker euro with the trend beginning before the fall of the euro, and the Austrian products are preferable because of its high quality.
The industrial sector in specific is stable, and the Austrian car suppliers is being boosted due to a resurgence in the US, Food and wine exporters are great and can look forward for more export growth.
Austria imported USD4.9 billion worth of goods from the US last year, generating a positive trade balance of USD3.6 billion, the economic delegate from the Austrian Economic Chambers (WKO) said.
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