Austria / Belgium

Austria-Belgium Trade: In 2023, Austria exported $7.75B to Belgium. The main products that Austria exported to Belgium were Nitrogen Heterocyclic Compounds ($4.98B), Cars ($431M), and Vaccines, blood, antisera, toxins and cultures ($195M). Over the past 5 years the exports of Austria to Belgium have increased at an annualized rate of 29.7%, from $2.11B in 2018 to $7.75B in 2023.

In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.

Belgium-Austria Trade: In 2023, Belgium exported $3.21B to Austria. The main products that Belgium exported to Austria were Cars ($298M), Harvesting Machinery ($253M), and Tractors ($127M). Over the past 5 years the exports of Belgium to Austria have increased at an annualized rate of 4.11%,  from $2.42B in 2018 to $3.21B in 2023.

In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).