2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
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GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
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 GDP
$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH
85.9%CURRENT US$
Rnk 22 / 195
2023
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GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
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GDP PC
$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH
79.7%CURRENT US$
Rnk 17 / 195

About

Austria-China Trade: In 2023, Austria exported $6.21B to China. The main products that Austria exported to China were Machinery Having Individual Functions ($747M), Cars ($628M), and Vaccines, blood, antisera, toxins and cultures ($292M). Over the past 5 years the exports of Austria to China have increased at an annualized rate of 2.06%, from $5.6B in 2018 to $6.21B in 2023.

In 2020, Austria exported services to China worth $541M, with Other business services ($263M), Transportation ($117M), and Travel ($54.8M) being the largest in terms of value.

China-Austria Trade: In 2023, China exported $15.9B to Austria. The main products that China exported to Austria were Broadcasting Equipment ($1.5B), Electrical Transformers ($864M), and Electric Batteries ($762M). Over the past 5 years the exports of China to Austria have increased at an annualized rate of 9.05%,  from $10.3B in 2018 to $15.9B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $6.21B to China. The main products exported from Austria to China were Machinery Having Individual Functions ($747M), Cars ($628M), and Vaccines, blood, antisera, toxins and cultures ($292M). During the last 5 years the exports of Austria to China have increased at an annualized rate of 2.06%, from $5.6B in 2018 to $6.21B in 2023.

In 2018, China exported $15.9B to Austria. The main products exported from China to Austria were Broadcasting Equipment ($1.5B), Electrical Transformers ($864M), and Electric Batteries ($762M). During the last 5 years the exports of China to Austria have increased at an annualized rate of 9.05%, from $10.3B in 2023 to $15.9B in 2018.

Exports from Austria (Flag) to China (Flag) (2023)

Exports from China (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and China (Flag)

Austria Exports

China Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
China
Top Destination
United States$436B

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

In 2023, countries that imported more from Austria than China included Croatia ($2.35B), Saint Martin ($3.43M), and Bonaire ($293k).

In 2023, countries that imported more from China than Austria included United States ($436B), Hong Kong ($259B), and Japan ($169B).

Difference in imports from China (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - China

Flow
Scale

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

During 2023, Austria had a large net trade with China in the exports of Machines ($2.96B), Transportation ($830M), and Chemical Products ($568M).

During 2018, China had a large net trade with Austria in the exports of Machines ($8.22B), Textiles ($1.48B), and Miscellaneous ($1.06B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria China+$363MCars
Top Product Potential China Austria+$519MTelephones

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

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

Product Space of Austria (Flag) and China (Flag) (2023)

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