Flag Austria / Greece Flag

2021
FlagFlag
Exports
: $1.04B, Rnk 30 / 217

2021
FlagFlag
Top Product
: $41M, Electrical Transformers

2021
FlagFlag
Exports
: $828M, Rnk 28 / 212

2021
FlagFlag
Top Product
: $189M, Packaged Medicaments

2021
Flag
Economic Complexity (ECI)
: ECI 1.5, Rnk 9 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.32, Rnk 50 / 131

2021
Flag  
GDP
: $477B, CURRENT US$
Rnk 29 / 182

2011-2021
Flag
GDP GROWTH
: 10.5%, CURRENT US$
Rnk 129 / 182

2021
Flag
 GDP
: $216B, CURRENT US$
Rnk 49 / 182

2011-2021
Flag
GDP GROWTH
: -23.6%, CURRENT US$
Rnk 174 / 182

2021
Flag
GDP PC 
: $53,268, CURRENT US$
Rnk 15 / 182

2011-2021
Flag
GDP PC GROWTH
: 3.55%, CURRENT US$
Rnk 116 / 182

2021
Flag
GDP PC
: $20,277, CURRENT US$
Rnk 44 / 182

2011-2021
Flag
GDP PC GROWTH
: -20.4%, CURRENT US$
Rnk 163 / 182

Austria-Greece In 2021, Austria exported $1.04B to Greece. The main products that Austria exported to Greece are Electrical Transformers ($41M), Vaccines, blood, antisera, toxins and cultures ($36.5M), and Packaged Medicaments ($28M). During the last 26 years the exports of Austria to Greece have increased at an annualized rate of 4.53%, from $328M in 1995 to $1.04B in 2021.

In 2020, Austria exported services to Greece worth $164M, with Transportation ($72M), Other business services ($26.3M), and Travel ($25.1M) being the largest in terms of value.

Greece-Austria In 2021, Greece exported $828M to Austria. The main products that Greece exported to Austria were Packaged Medicaments ($189M), Aluminium Bars ($53.2M), and Cheese ($44.5M). During the last 26 years the exports of Greece to Austria have increased at an annualized rate of 6.14%, from $176M in 1995 to $828M in 2021.

In 2020, Greece exported services to Austria worth $268M, with Travel ($128M), Other business services ($82.4M), and Transportation ($32.9M) being the largest in terms of value.

Comparison In 2021,  Austria ranked 9 in the Economic Complexity Index (ECI 1.5), and 31 in total exports ($198B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.32), and 44 in total exports ($82B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, Austria exported $1.04B to Greece. The main products exported from Austria to Greece were Electrical Transformers ($41M), Vaccines, blood, antisera, toxins and cultures ($36.5M), and Packaged Medicaments ($28M). During the last 26 years the exports of Austria to Greece have increased at an annualized rate of 4.53%, from $328M in 1995 to $1.04B in 2021.

In 2021, Greece exported $828M to Austria. The main products exported from Greece to Austria were Packaged Medicaments ($189M), Aluminium Bars ($53.2M), and Cheese ($44.5M). During the last 26 years the exports of Greece to Austria have increased at an annualized rate of 6.14%, from $176M in 1995 to $828M in 2021.

Austria Exports

#permalink to section

Greece Exports

#permalink to section

Market Competitiveness

#permalink to section
Color

Austria
Top Destination
: Germany, $56.4B

Greece
Top Destination
: Italy, $6.8B

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

In 2021, countries that imported more from Austria than Greece were Germany ($56.4B), Switzerland ($10.1B), and United States ($12.7B).

In 2021, countries that imported more from Greece than Austria were Cyprus ($4.47B), Lebanon ($2.77B), and Turkey ($4.44B).

Comparative Advantage Austria - Greece

#permalink to section
Flow
Scale

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

During 2021, Austria had a large net trade with Greece in the exports of Machines ($266M), Chemical Products ($125M), and Metals ($113M).

During 2021, Greece had a large net trade with Austria in the exports of Chemical Products ($206M), Metals ($119M), and Foodstuffs ($97.3M).

Bilateral Service Trade

#permalink to section

In 2020, Austria exported services to Greece worth $164M, with Transportation ($72M), Other business services ($26.3M), and Travel ($25.1M) being the largest in terms of value.

In 2020, Greece exported services to Austria worth $268M, with Travel ($128M), Other business services ($82.4M), and Transportation ($32.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Austria has comparative advantage over Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over Austria.