2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 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
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Austria-Italy Trade: In 2022, Austria exported $13.6B to Italy. The main products that Austria exported to Italy were Sawn Wood ($833M), Electricity ($485M), and Vaccines, blood, antisera, toxins and cultures ($428M). Over the past 5 years the exports of Austria to Italy have increased at an annualized rate of 6.03%, from $10.2B in 2017 to $13.6B in 2022.

In 2020, Austria exported services to Italy worth $2.73B, with Transportation ($1.5B), Other business services ($476M), and Travel ($400M) being the largest in terms of value.

Italy-Austria Trade: In 2022, Italy exported $15B to Austria. The main products that Italy exported to Austria were Refined Petroleum ($754M), Motor vehicles; parts and accessories (8701 to 8705) ($469M), and Vaccines, blood, antisera, toxins and cultures ($443M). Over the past 5 years the exports of Italy to Austria have increased at an annualized rate of 7.23%,  from $10.6B in 2017 to $15B in 2022.

In 2020, Italy exported services to Austria worth $2.17B, with Travel ($1.29B), Other business services ($249M), and Computer and information services ($237M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $13.6B to Italy. The main products exported from Austria to Italy were Sawn Wood ($833M), Electricity ($485M), and Vaccines, blood, antisera, toxins and cultures ($428M). During the last 5 years the exports of Austria to Italy have increased at an annualized rate of 6.03%, from $10.2B in 2017 to $13.6B in 2022.

In 2017, Italy exported $15B to Austria. The main products exported from Italy to Austria were Refined Petroleum ($754M), Motor vehicles; parts and accessories (8701 to 8705) ($469M), and Vaccines, blood, antisera, toxins and cultures ($443M). During the last 5 years the exports of Italy to Austria have increased at an annualized rate of 7.23%, from $10.6B in 2022 to $15B in 2017.

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

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

Latest Data

Trade between Austria (Flag) and Italy (Flag)

Austria Exports

Italy Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Austria than Italy included Hungary ($10.4B), Slovakia ($7.4B), and Mali ($168M).

In 2022, countries that imported more from Italy than Austria included France ($63.8B), United States ($68.2B), and Spain ($32.8B).

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

Comparative Advantage Austria - Italy

Flow
Scale

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

During 2022, Austria had a large net trade with Italy in the exports of Metals ($2.65B), Machines ($2.06B), and Wood Products ($1.73B).

During 2017, Italy had a large net trade with Austria in the exports of Metals ($3.02B), Machines ($2.97B), and Chemical Products ($1.43B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Italy+$255MCars
Top Product Potential Italy Austria+$273MRefined Petroleum

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 Italy worth $2.73B, with Transportation ($1.5B), Other business services ($476M), and Travel ($400M) being the largest in terms of value.

In 2020, Italy exported services to Austria worth $2.17B, with Travel ($1.29B), Other business services ($249M), and Computer and information services ($237M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Italy (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 Italy. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Austria.

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

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