Australia (AUS) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Australia-Austria Trade: In 2022, Australia exported $174M to Austria. The main products that Australia exported to Austria were Coal Briquettes ($108M), Telephones ($10.7M), and Other Organo-Inorganic Compounds ($7.31M). Over the past 5 years the exports of Australia to Austria have increased at an annualized rate of 22.1%, from $64M in 2017 to $174M in 2022.

In 2022, Australia did not export any services to Austria.

Austria-Australia Trade: In 2022, Austria exported $1.32B to Australia. The main products that Austria exported to Australia were Motorcycles and cycles ($109M), Metal Mountings ($88.4M), and Flavored Water ($79.8M). Over the past 5 years the exports of Austria to Australia have increased at an annualized rate of 0.77%, from $1.27B in 2017 to $1.32B in 2022.

In 2020, Austria exported services to Australia worth $124M, with Other business services ($52.5M), Travel ($30.8M), and Transportation ($13.7M) being the largest in terms of value.

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $174M to Austria. The main products exported from Australia to Austria were Coal Briquettes ($108M), Telephones ($10.7M), and Other Organo-Inorganic Compounds ($7.31M). During the last 5 years the exports of Australia to Austria have increased at an annualized rate of 22.1%, from $64M in 2017 to $174M in 2022.

In 2017, Austria exported $1.32B to Australia. The main products exported from Austria to Australia were Motorcycles and cycles ($109M), Metal Mountings ($88.4M), and Flavored Water ($79.8M). During the last 5 years the exports of Austria to Australia have increased at an annualized rate of 0.77%, from $1.27B in 2022 to $1.32B in 2017.

Exports from Australia () to Austria () (2022)

Exports from Austria () to Australia () (2022)

Latest Data

Trade between Australia () and Austria ()

Australia Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Austria
Top DestinationGermany$57.7B

This map shows whether countries import more from Australia or Austria. Each country is colored based on the difference in imports they receive from Australia and Austria or the difference in the growth in imports.

In 2022, countries that imported more from Australia than Austria included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Austria than Australia included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

Difference in imports from Austria () and Australia () (2022)

Comparative Advantage Australia - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Austria by product, considering products traded by both, Australia and Austria.

During 2022, Australia had a large net trade with Austria in the exports of Mineral Products ($108M), Machines ($38.7M), and Chemical Products ($9.01M).

During 2017, Austria had a large net trade with Australia in the exports of Machines ($399M), Transportation ($312M), and Metals ($164M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Austria+$30.6MCoal Briquettes

Top Product Potential Austria Australia+$59.9MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Aut Year

In 2020, Austria exported services to Australia worth $124M, with Other business services ($52.5M), Travel ($30.8M), and Transportation ($13.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Austria. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Austria () (2022)

Exports from Austria () to Australia () (2022)

Latest Data

Trade between Australia () and Austria ()

Australia Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Australia () (2022)

Comparative Advantage Australia - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Austria () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Australia () and Austria () (2022)

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