Saudi Arabia is the most important market for Austria in the Middle East. Emphasizing this, Stefan Pistauer, regional director Africa/Middle East Advantage Austria, Austrian Federal Economic Chamber, says the trade volume between the two countries could break the 1 billion-euro barrier for the first time.
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In 2011 a new record high in exports to Saudi Arabia was reached — 534 million euros. The preliminary figures for 2012 show another increase by 5 percent of the exports and 95 percent of the imports. While Austrian exports consist of many products, such as pharmaceuticals, energy drinks, fruit juice, timber, paper, special vehicles, machines
for various sectors, steel, steel and plastic products, railway tracks, and furniture, the imports from Saudi Arabia are mainly of crude oil.
Pistauer gave these details on the occasion of the four-day trade delegation, organized by the commercial section of the Austrian Embassy and the Austrian Federal Economic Chamber, which ends today
Read more: http://www.arabnews.com/saudi-austrian-trade-exceed-1-billion-euro-mark.
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