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First half of 2022: Exports increased by 16.1%

First half of 2022: Exports increased by 16.1%

The export volume is 8.2 billion euros from January to June 2022

  • Exports to Switzerland and Liechtenstein increased by 23 percent
  • Pharmaceutical products still top the list of export commodities

Preliminary export figures are available for the first half of 2022 and show an impressive result: the Tyrolean economy – as in the first half of 2021 – can look forward to increasing exports compared to the previous year, according to the regional economic council. Mario Gerber It informs: “In the first half of 2022, Tyrol recorded a clear increase of 16.1 percent compared to the first half of 2021. Compared to the same period last year, the volume of exports increased from about seven billion to about 8.2 billion euros. These figures show how popular Tyrolean goods beyond state and federal borders I am very grateful to the Tyrolean businessmen and employees who are fundamentally responsible for the successful course of the Tyrolean economy.

Austria’s neighboring countries are Tyrol’s most important trading partners

The European Union, the rest of Europe and Asia are the three regions where Tyrol has the strongest exports. export credit for European Unioncountries about 5.2 billion euros, which is 17.3 percent more than in the first half of the previous year, and for the rest of Europe about 1.9 billion euros, and even 19.4 percent more. Tyrol’s neighbors, such as Germany, Switzerland and Liechtenstein, as well as Italy, remain the largest buyers of local goods. In the first half of 2022, 23 percent more goods were exported to Switzerland and Liechtenstein than were exported in the same period in 2021,” LR Tanner. Exports from Tyrol to Slovenia also increased significantly, i.e. by 53.9 percent and an increase from 119.7 to 184.2 million euros.

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Pharmaceutical products are still the number one export item

In the first half of 2022, pharmaceutical products, with an increase of 12.5 percent to about 1.4 billion euros, were at the forefront of merchandise exports, as in previous years, followed by machinery and mechanical devices, with about 926.6 million euros. Exports of wood and timber products as well as charcoal increased by 33.7 percent and increased from 551.8 to 737.7 million euros, making it one of the 3 largest export commodities in Tyrol in the first half of 2022.