Friday, the Statistics Austria said the trade deficit stood at EUR 0.53 billion in January, narrowing from a EUR 0.74 billion deficit in the previous month. A year ago, there was a trade surplus of EUR 0.24 billion.

Exports dropped 25.2% year-on-year to EUR 7.23 billion in January, while imports fell 17.7% to EUR 7.77 billion.

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