Goods traded with Latin America in 2017 reached around 1.4 per cent of the total Austrian trade in goods. With a trade volume of € 4.1 bn, Latin America accounted for around 20% of aggregate trade with the Americas. In 2017, Mexico continued being most important market outlet for Austria in the region, with exports standing at more than € 1.1 bn. and more than 41 percent of Austrian exports to Latin America. Brazil has dropped to second position regarding importance for Austrian exports to Latin America, with exports standing at above € 726 m and 27 per cent of Austrian exports to Latin America.