Austria

ECON COMPLEXITY (2018)

1.54

RANK 11 OF 137

PRODUCT EXPORTS (2018)

$176B

RANK 30 OF 222

EXPORTS PER CAPITA (2018)

$19.9K

RANK 58 OF 219

PRODUCT IMPORTS (2018)

$179B

RANK 29 OF 221

IMPORTS PER CAPITA (2018)

$20.3K

RANK 58 of 219

SERVICE EXPORTS (2017)

$59.6B

RANK 24 OF 139

SERVICE IMPORTS (2017)

$49.3B

RANK 25 OF 139

GDP (2018)

$455B

CURRENT US$
RANK 26 OF 196

GDP GROWTH (2008-2018)

5.81%

CURRENT US$
RANK 154 OF 196

GDP PC (2018)

$51,462

CURRENT US$
RANK 15 OF 196

GDP PC GROWTH (2008-2018)

-0.48%

Overview: In 2018 Austria was the number 26 economy in the world in terms of GDP (current US$), the number 30 in total exports, the number 29 in total imports, and the number 11 most complex economy according to the Economic Complexity Index (ECI). In 2018, Austria exported $176B and imported $179B, resulting in a negative trade balance of -$3.46B. In 2018, Austria’s exports per capita were $19.9k and its imports per capita were $20.3k.

Trade: The top exports of Austria are Cars ($7.95B), Packaged Medicaments ($5.98B), Vehicle Parts ($5.53B), Blood, antisera, vaccines, toxins and cultures ($3.92B), and Flavored Water ($2.68B). The top imports of Austria are Cars ($9.79B), Vehicle Parts ($5.36B), Refined Petroleum ($4.41B), Crude Petroleum ($4.02B), and Packaged Medicaments ($3.55B).

Destinations: Austria exports mostly to Germany ($50.9B), United States ($12.7B), Italy ($11.3B), Switzerland ($8.3B), and France($7.48B), and imports mostly from Germany ($70.4B), Italy ($12B), Czechia ($8.8B), Switzerland ($7.72B), and Netherlands ($6.47B).

Location: Austria borders Czechia, Germany, Hungary, Italy, Slovakia, Slovenia, and Switzerland by land.

Exports

In 2018 Austria exported a total of $176B, making it the number 30 exporter in the world. During the last five reported years the exports of Austria have changed by $13.6B from $162B in 2013 to $176B in 2018.

The most recent exports are led by Cars ($7.95B), Packaged Medicaments ($5.98B), Vehicle Parts ($5.53B), Blood, antisera, vaccines, toxins and cultures ($3.92B), and Flavored Water ($2.68B).

Imports

In 2018 Austria imported $179B, making it the number 29 trade destination in the world. During the last five reported years the imports of Austria changed by $7.78B from $171B in 2013 to $179B in 2018.

The most recent imports of Austria are led by Cars ($9.79B), Vehicle Parts ($5.36B), Refined Petroleum ($4.41B), Crude Petroleum ($4.02B), and Packaged Medicaments ($3.55B).

Trade Balance

As of 2018 Austria had a negative trade balance of $14.1B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $12.5B in net imports.

Destinations

The most common destination for the exports of Austria are Germany ($50.9B), United States ($12.7B), Italy ($11.3B), Switzerland ($8.3B), and France ($7.48B).

Origins

The most common import partners for Austria are Germany ($70.4B), Italy ($12B), Czechia ($8.8B), Switzerland ($7.72B), and Netherlands ($6.47B).