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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Exporting to Austria
Austria Country Profile
Official Name (Local Language) Republik Oesterreich
Capital Vienna
Population 8,711,770
Currency Euro
GDP $387.3billion
Languages German
Phone Dial In 43
Austria Imports Profile
Imports ($m USD) 166,475
Number of Imports Products 4,466
Number of Imports Partners 220
Austria Economic Statistics
Government Website | https://www.bundeskanzleramt.gv.at/ |
| Sovereign Ratings | https://countryeconomy.com/ratings/austria |
| Central Bank | Österreichische Nationalbank |
| Currency USD Exchange Rate | 0.9214 |
| Unemployment Rate | 6.1% |
| Population below poverty line | 4% |
| Inflation Rate | 0.9% |
| Prime Lending Rate | 1.8% |
| GDP | $387.3 billion |
| GDP Pro Capita (PPP) | $47,900 |
| Currency Name | Euro |
| Currency Code | EUR |
| World Bank Classification | Upper Middle Income |
| Competitive Industrial Performance | 19/138 |
| Corruption Perceptions Index | 16/180 |
| Ease of Doing Business | 26/190 |
| Enabling Trade Index | 7/136 |
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Austria is the twenty-eight largest export economy in the world and is ranked as the ninth most complex economy according to the Economic Complexity Index (ECI). Austria exports over $160B and imports around $170B per year, which results in a small negative trade balance of around $10B. The GDP of Austria sits at around $430B and the GDP per capita is around $45k.
The main exports of Austria are packaged medicaments (around $5.5B), vehicle parts (around $5B), cars (around $4.5B), petroleum gas ($3.5B) and blood from both humans and animals (almost $3B). The top export destinations of Austria are Germany ($44B), Italy ($11B), the United States ($9B), Switzerland (around $8B) and France ($7B). The top import origins are Germany (around $65B), Italy (around $10.5B), China ($8.4B), Switzerland ($7B), and the Czech Republic ($6.5B).
Chart Showing GDP Growth Compared to rest of world
GDP Composition for Austria
Agriculture
1.3%
Grains, potatoes, wine, fruit; dairy products, cattle, pigs, poultry; lumber and other forestry products
Industry
28.1%
Construction, machinery, vehicles and parts, food, metals, chemicals, lumber, paper and paperboard, communications equipment, tourism
Services
70.6%
Map
Top 5 Import Partners
| Country | Trade | % Partner Share |
| Germany | 60,827 | 36.54 |
| Italy | 10,131 | 6.09 |
| China | 9,527 | 5.72 |
| Switzerland | 8,984 | 5.40 |
| Czech Republic | 7,152 | 4.3 |
Top 5 Import Products
| Export Product | Number |
| Automobiles with diesel engine displacing more | 5.9% |
| Other hormones and derivatives, nes; other ster | 3.0% |
| Petroleum oils, etc, (excl. crude); preparation | 2.7% |
| Petroleum oils and oils obtained from bituminou | 2.0% |
| Natural gas in gaseous state | 2.0% |
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