2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Austria-Canada Trade: In 2022, Austria exported $1.93B to Canada. The main products that Austria exported to Canada were N/A. Over the past 5 years the exports of Austria to Canada have increased at an annualized rate of 7.2%, from $1.36B in 2017 to $1.93B in 2022.

In 2020, Austria exported services to Canada worth $190M, with Other business services ($86.8M), Computer and information services ($42.3M), and Transportation ($22.8M) being the largest in terms of value.

Canada-Austria Trade: In 2022, Canada exported $213M to Austria. The main products that Canada exported to Austria were Planes, Helicopters, and/or Spacecraft ($82.6M), Surveying Equipment ($9.63M), and Aircraft parts (gliders, balloons, and powered aircraft) ($9.63M). Over the past 5 years the exports of Canada to Austria have decreased at an annualized rate of 6.74%,  from $303M in 2017 to $213M in 2022.

In 2020, Canada exported services to Austria worth $128M, with Royalties and license fees ($64.1M), Transportation ($30.6M), and Computer and information services ($17.1M) being the largest in terms of value.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Latest Data

Trade between Austria (Flag) and Canada (Flag)

Austria Exports

Canada Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Canada
Top Destination
United States$438B

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

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

In 2022, countries that imported more from Canada than Austria included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada (Flag) and Austria (Flag) (2022)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Canada+$96MCars
Top Product Potential Canada Austria+$13.8MMotor vehicles; parts and accessories (8701 to 8705)

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

In 2020, Austria exported services to Canada worth $190M, with Other business services ($86.8M), Computer and information services ($42.3M), and Transportation ($22.8M) being the largest in terms of value.

In 2020, Canada exported services to Austria worth $128M, with Royalties and license fees ($64.1M), Transportation ($30.6M), and Computer and information services ($17.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Canada (Flag) (2020)

Services Exports from Canada (Flag) to Austria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Austria (Flag) and Canada (Flag) (NaN)

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