"Techr
Außen
Foreign
Trade Police
Austria’s
Share in the
World Trade
these imports will rise in proportion to the increase of Austrian industrial activity. In the second
place the Austrian foreign trade balance is very substantially influenced by Vienna, the strongly
differentiated requirements of a two-million city in a country with only about 6% million ‘souls
making for imports which, in relation to the total population of the Republic, must necessarily be
high. Finally, it should be remembered that Austria is at present, and will be for a long ‘time,
dependent on foreign capital in a high degree and that foreign capital in the end can take its way
into the country in the shape of goods only.
Austria therefore does not so much expect salvation from a restrietion of imports, as from an
extension, on the largest possible scale, of her exports, and this fact distinguishes Austrian foreign
trade policy considerably from the foreign trade policy of other Central European countries, which
through the openly proclaimed tendenecy to restricet imports while simultaneously foreing up exports
sasily appears in a selfish or, if you like, mercantilistie light. It is not a question, however, of the
approving or disapproving opinion which may be formed abroad of this policy, as countries free
to direct their foreign trade policy are not influenced, as a rTule, by such opinion, but through
mentioning the fact that Austria is not out to restrict imports, readers are to have their
attention drawn to a further practical advantage which they may gain from this Export Directory.
It has been stated already that Austrian industry has to import, in addition to most raw materials,
a large number of semi-manufactured products. A foreign industrialist or merchant studying this
book carefully will thus find various suggestions not only in regard to his imports, but also
‚especting his exports, in view of the fact that nearly every Austrian exporting industry is at the
same time importing t00.
One is frequently inclined to underrate the importance which Austria has for international
commerce through the amount of her imports and exports, because one has before one’s eyes
an economic unit of limited territorial extension, whose foreign trade figures, compared with
those of Great Powers, cannot be impressive. A very different opinion of the part which Austria
plays in international trade will prevail, however, if the proportional share in the world trade
of the various European states is compared. From a table of this kind, referring to the year 1924,
which was prepared and published by the League of Nations, the following percentages are quoted,
to which have been added population figures in order to present a vivid pieture of the relative
importance which the respective countries have for the world trade:
rhe “ Trade
Germany 4 EEE "19
Belgium and Luxemburg 281
France en U 3:22
Great Britain and Ireland 7°52
Haly A 783
Netherlands... 297
Russia 51
Switzerland . ULB.
Yugoslavia . "44
Austria . . . 47
Poland 4 :02
Rumanla uk “72
Czechoslovakia . . 187
Hungary... 0:50
It results from this table that Austria, in regard to her absolute share in the world trade, is
among the Succession States second to Czechoslovakia only, while relatively, ie. if the population
figure is also taken into account, she ranks foremost among all Central European states. Not
less interesting is @ table which is quoted here from the Wirtschaftsstatistische Jahrbuch, 1925,
published by the Vienna Chamber of Labour and which shows the imports and exports of the
most important states in reichsmark per capita of the population.
States
Germany Ha
Belgium and Luxemburg
FEANCO > Ar fie en
Great Britain and Ireland
Haly
Netherlands . .
Russia 1e:.
Switzerland
Denmark .
Norway. .
Sweden. .
“DOT ts
RM
19917
414°09
215°55
59473
102°23
57540
26:92
55929
549°83
400°26
26960
Exports
RM
141°00
333°53
22526
347°34
71:13
423°54
20°24
43395
51261
29931
25300
Rn
E43 A