2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
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2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$52,131CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Austria-Italy In 2022, Austria exported $13.6B to Italy. The main products that Austria exported to Italy are Sawn Wood ($833M), Electricity ($485M), and Vaccines, blood, antisera, toxins and cultures ($428M). During the last 27 years the exports of Austria to Italy have increased at an annualized rate of 3.91%, from $4.85B in 1995 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 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). During the last 27 years the exports of Italy to Austria have increased at an annualized rate of 3.72%, from $5.58B in 1995 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 1.48), and 32 in total exports ($209B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), 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 27 years the exports of Austria to Italy have increased at an annualized rate of 3.91%, from $4.85B in 1995 to $13.6B in 2022.

In 2022, 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 27 years the exports of Italy to Austria have increased at an annualized rate of 3.72%, from $5.58B in 1995 to $15B in 2022.

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 2021, countries that imported more from Austria than Italy were Hungary ($10.4B), Slovakia ($7.4B), and Mali ($168M).

In 2021, countries that imported more from Italy than Austria were 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 2022, Italy had a large net trade with Austria in the exports of Metals ($3.02B), Machines ($2.97B), and Chemical Products ($1.43B).

Service Trade

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)

Economic Complexity

Competitive Landscape

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 Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Austria.

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

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