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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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Importing from Austria
Austria Country Profile
Official Name (Local Language) Republik Oesterreich
Capital Vienna
Population 8,711,770
Currency Euro
GDP $387.3billion
Languages German
Phone Dial In 43
Austria Exports Profile
Exports ($m USD) 159,971
Number of Exports Products 4,303
Number of Exports Partners 219
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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Get StartedImporting from Austria
Austria has a population of 8 million and a high standard of living; it ranks as one of the eleven richest countries in the world in terms of GDP per capita. The main trading partner is Germany, but since Austria became a member of the European Union, it has developed closer links to other European Union economies. This has been coupled with foreign investment, as Austria has the ability to access the single European market and a close proximity to the growing economies of the European Union. This has all lead to an increasing rate of GDP growth.
The main imports are cars ($8.8B), refined petroleum (around $6B), crude petroleum (around $6.5B), vehicle parts (around $4.5B) and Petroleum Gas (around $4B).
Chart Showing GDP Growth Compared to rest of world
Map
Top 5 Exports Partners
| Country | Trade | % Partner Share |
| Germany | 47,526 | 29.71 |
| United States | 10,561 | 6.60 |
| Italy | 9,995 | 6.25 |
| Switzerland | 8,346 | 5.22 |
| France | 7,762 | 4.85 |
Top 5 Exports Products
| Export Product | Number |
| Human and animal blood; microbial cultures; tox | 3.5% |
| Other medicaments of mixed or unmixed products, | 3.1% |
| Engines, diesel, for the vehicles of Chapter 87 | 2.9% |
| Engines, spark-ignition reciprocating displacin | 2.7% |
| Other hormones and derivatives, nes; other ster | 1.8% |
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