Austria's trade deficit narrowed to EUR 0.07 billion in January 2026 from EUR 0.20 billion in the same month a year earlier, as imports fell more than exports. Imports declined 3.0% year-on-year to EUR 15.13 billion, with purchases down from both EU countries (-4.2%) and non-EU countries (-0.7%). Fuel and energy imports saw the largest drop, plunging nearly a third due to lower crude oil and petroleum product purchases. Meanwhile, exports fell a softer 2.2% to EUR 15.06 billion, amid lower shipments to both EU countries (-1.1%) and non-EU countries (-4.4%). The sharpest declines were in chemical products (-7.1%) and processed goods (-4.8%).