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

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Austria-Australia Trade: In 2023, Austria exported $1.58B to Australia. The main products that Austria exported to Australia were Delivery Trucks ($148M), Motorcycles and cycles ($90.7M), and Electrical Transformers ($85.9M). Over the past 5 years the exports of Austria to Australia have increased at an annualized rate of 1.31%, from $1.48B in 2018 to $1.58B in 2023.

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.

Australia-Austria Trade: In 2023, Australia exported $229M to Austria. The main products that Australia exported to Austria were Coal Briquettes ($123M), Raw Nickel ($21.7M), and Telephones ($11.6M). Over the past 5 years the exports of Australia to Austria have increased at an annualized rate of 5.56%, from $149M in 2018 to $229M in 2023.

In 2023, Australia did not export any services to Austria.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $1.58B to Australia. The main products exported from Austria to Australia were Delivery Trucks ($148M), Motorcycles and cycles ($90.7M), and Electrical Transformers ($85.9M). During the last 5 years the exports of Austria to Australia have increased at an annualized rate of 1.31%, from $1.48B in 2018 to $1.58B in 2023.

In 2018, Australia exported $229M to Austria. The main products exported from Australia to Austria were Coal Briquettes ($123M), Raw Nickel ($21.7M), and Telephones ($11.6M). During the last 5 years the exports of Australia to Austria have increased at an annualized rate of 5.56%, from $149M in 2023 to $229M in 2018.

Exports from Austria () to Australia () (2023)

Exports from Australia () to Austria () (2023)

Latest Data

Trade between Austria () and Australia ()

Austria Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Austria than Australia included Germany ($51B), Italy ($13.5B), and Hungary ($8.42B).

In 2023, countries that imported more from Australia than Austria included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Austria () (2023)

Comparative Advantage Austria - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Australia in the exports of Machines ($570M), Transportation ($438M), and Chemical Products ($146M).

During 2018, Australia had a large net trade with Austria in the exports of Mineral Products ($125M), Machines ($44.8M), and Metals ($28.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Australia+$59.9MCars

Top Product Potential Australia Austria+$30.6MCoal Briquettes

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Australia () (2023)

Exports from Australia () to Austria () (2023)

Latest Data

Trade between Austria () and Australia ()

Austria Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Austria () (2023)

Comparative Advantage Austria - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Australia () (2023)

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