2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 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
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Austria-India Trade: In 2022, Austria exported $1.24B to India. The main products that Austria exported to India were Unprocessed Artificial Staple Fibers ($56.3M), Locomotive Parts ($55.5M), and Flavored Water ($53.8M). Over the past 5 years the exports of Austria to India have increased at an annualized rate of 6.82%, from $892M in 2017 to $1.24B in 2022.

In 2020, Austria exported services to India worth $140M, with Other business services ($86.8M), Computer and information services ($19.4M), and Transportation ($11.4M) being the largest in terms of value.

India-Austria Trade: In 2022, India exported $1.28B to Austria. The main products that India exported to Austria were Broadcasting Equipment ($535M), Motorcycles and cycles ($70M), and Printed Circuit Boards ($63.1M). Over the past 5 years the exports of India to Austria have increased at an annualized rate of 13.5%,  from $678M in 2017 to $1.28B in 2022.

In 2022, India did not export any services to Austria.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $1.24B to India. The main products exported from Austria to India were Unprocessed Artificial Staple Fibers ($56.3M), Locomotive Parts ($55.5M), and Flavored Water ($53.8M). During the last 5 years the exports of Austria to India have increased at an annualized rate of 6.82%, from $892M in 2017 to $1.24B in 2022.

In 2017, India exported $1.28B to Austria. The main products exported from India to Austria were Broadcasting Equipment ($535M), Motorcycles and cycles ($70M), and Printed Circuit Boards ($63.1M). During the last 5 years the exports of India to Austria have increased at an annualized rate of 13.5%, from $678M in 2022 to $1.28B in 2017.

Exports from Austria (Flag) to India (Flag) (2022)

Exports from India (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and India (Flag)

Austria Exports

India Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
India
Top Destination
United States$82.9B

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

In 2022, countries that imported more from Austria than India included Germany ($57.7B), Hungary ($10.4B), and Switzerland ($11.2B).

In 2022, countries that imported more from India than Austria included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

Comparative Advantage Austria - India

Flow
Scale

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

During 2022, Austria had a large net trade with India in the exports of Machines ($385M), Chemical Products ($174M), and Metals ($172M).

During 2017, India had a large net trade with Austria in the exports of Machines ($774M), Transportation ($109M), and Chemical Products ($80M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria India+$39.9MVaccines, blood, antisera, toxins and cultures
Top Product Potential India Austria+$77.7MTelephones

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 India. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and India (Flag) (2022)

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