2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Austria-Mexico Trade: In 2023, Austria exported $2.14B to Mexico. The main products that Austria exported to Mexico were Spark-Ignition Engines ($530M), Rubberworking Machinery ($134M), and Motor vehicles; parts and accessories (8701 to 8705) ($115M). Over the past 5 years the exports of Austria to Mexico have increased at an annualized rate of 4.06%, from $1.75B in 2018 to $2.14B in 2023.

In 2020, Austria exported services to Mexico worth $132M, with Other business services ($61.7M), Royalties and license fees ($26.3M), and Transportation ($18.3M) being the largest in terms of value.

Mexico-Austria Trade: In 2023, Mexico exported $660M to Austria. The main products that Mexico exported to Austria were Cars ($285M), Medical Instruments ($38.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($37M). Over the past 5 years the exports of Mexico to Austria have increased at an annualized rate of 6.51%,  from $424M in 2018 to $660M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $2.14B to Mexico. The main products exported from Austria to Mexico were Spark-Ignition Engines ($530M), Rubberworking Machinery ($134M), and Motor vehicles; parts and accessories (8701 to 8705) ($115M). During the last 5 years the exports of Austria to Mexico have increased at an annualized rate of 4.06%, from $1.75B in 2018 to $2.14B in 2023.

In 2018, Mexico exported $660M to Austria. The main products exported from Mexico to Austria were Cars ($285M), Medical Instruments ($38.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($37M). During the last 5 years the exports of Mexico to Austria have increased at an annualized rate of 6.51%, from $424M in 2023 to $660M in 2018.

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

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

Latest Data

Trade between Austria (Flag) and Mexico (Flag)

Austria Exports

Mexico Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Mexico
Top Destination
United States$456B

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

In 2023, countries that imported more from Austria than Mexico included Germany ($51B), Italy ($13.5B), and Hungary ($8.42B).

In 2023, countries that imported more from Mexico than Austria included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Austria - Mexico

Flow
Scale

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

During 2023, Austria had a large net trade with Mexico in the exports of Machines ($1.42B), Metals ($231M), and Transportation ($177M).

During 2018, Mexico had a large net trade with Austria in the exports of Transportation ($322M), Machines ($173M), and Instruments ($63.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Mexico+$83.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Austria+$39MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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