Metallurgical products, machinery and textiles are of particular significance to Austria’s strong economy.
Other major export commodities include motor vehicles and parts, machinery and equipment, metal goods, paper and paperboard, iron and steel, chemicals, foodstuff and textiles. In spite of being only a small winegrowing nation, among the insiders of the industry, Austria has gained an outstanding reputation for turning out some top-scoring wines.
Austria’s main trading partners are the member countries of the European Union, China, the United States and Switzerland. Austria’s financiers and private businesspersons have found a new field for foreign investment in Austria’s prior imperial territories since the fall of the Iron Curtain – especially Hungary, but also Slovakia, the Czech Republic, Croatia, Slovenia, and, to a lesser extent, northern Italy.