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2023
Flag → Flag
Exports $717MRnk 39 / 213
2023
Flag → Flag
Top Product $64.6MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $479MRnk 49 / 182
2023
Flag → Flag
Top Product $286MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Austria-Saudi Arabia Trade: In 2023, Austria exported $717M to Saudi Arabia. The main products that Austria exported to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($64.6M), Packaged Medicaments ($52.2M), and Cars ($50.9M). Over the past 5 years the exports of Austria to Saudi Arabia have increased at an annualized rate of 4.54%, from $574M in 2018 to $717M in 2023.

In 2023, Austria did not export any services to Saudi Arabia.

Saudi Arabia-Austria Trade: In 2023, Saudi Arabia exported $479M to Austria. The main products that Saudi Arabia exported to Austria were Crude Petroleum ($286M), Aluminium Cans ($68.9M), and Aluminium Plating ($57.1M). Over the past 5 years the exports of Saudi Arabia to Austria have increased at an annualized rate of 46.1%,  from $72M in 2018 to $479M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $717M to Saudi Arabia. The main products exported from Austria to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($64.6M), Packaged Medicaments ($52.2M), and Cars ($50.9M). During the last 5 years the exports of Austria to Saudi Arabia have increased at an annualized rate of 4.54%, from $574M in 2018 to $717M in 2023.

In 2018, Saudi Arabia exported $479M to Austria. The main products exported from Saudi Arabia to Austria were Crude Petroleum ($286M), Aluminium Cans ($68.9M), and Aluminium Plating ($57.1M). During the last 5 years the exports of Saudi Arabia to Austria have increased at an annualized rate of 46.1%, from $72M in 2023 to $479M in 2018.

Exports from Austria (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Saudi Arabia (Flag)

Austria Exports

Saudi Arabia Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$51B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Austria than Saudi Arabia included Germany ($51B), Switzerland ($10.9B), and Hungary ($8.42B).

In 2023, countries that imported more from Saudi Arabia than Austria included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Saudi Arabia

Flow
Scale

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

During 2023, Austria had a large net trade with Saudi Arabia in the exports of Machines ($202M), Chemical Products ($139M), and Transportation ($88.9M).

During 2018, Saudi Arabia had a large net trade with Austria in the exports of Mineral Products ($314M), Metals ($133M), and Chemical Products ($13.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Saudi Arabia+$40MCars
Top Product Potential Saudi Arabia Austria+$62.2MRefined 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Saudi Arabia. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Saudi Arabia (Flag) (2023)

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