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FOREIGN TRADE
The total exports of goods and services, as percentage of total GDP was 51.8 percent in comparison to the imports of 50.3 percent.
The exports items constitute Food and agricultural raw materials, fuels, ores, metals and manufactures.
The imports items constitute Food, Fuel, energy and manufactures.
There was a merchandise trade surplus in the year 2004 in Austria.
The main export partners of the country are Germany, Italy and Switzerland, United States, France and United Kingdom.
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The main import partners of the country are Germany, Italy, Hungary, Switzerland and Netherlands.
CONCLUSION
The Austrian Economy is characterized as a social market economy similar in structure with the economy of Germany. The high standard of living of the peoples in the country has drawn the attention of the Globe. The country's service sector along with the global competitive industries has made a steady progress in the recent years.
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