Austria (AUT) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Austria-Vietnam Trade: In 2022, Austria exported $324M to Vietnam. The main products that Austria exported to Vietnam were Packaged Medicaments ($70.3M), Synthetic Reconstructed Jewellery Stones ($19.9M), and Lifting Machinery ($17.7M). Over the past 5 years the exports of Austria to Vietnam have decreased at an annualized rate of 2.57%, from $369M in 2017 to $324M in 2022.

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

Vietnam-Austria Trade: In 2022, Vietnam exported $2.66B to Austria. The main products that Vietnam exported to Austria were Broadcasting Equipment ($1.94B), Computers ($196M), and Telephones ($51.4M). Over the past 5 years the exports of Vietnam to Austria have decreased at an annualized rate of 0.29%, from $2.7B in 2017 to $2.66B in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $324M to Vietnam. The main products exported from Austria to Vietnam were Packaged Medicaments ($70.3M), Synthetic Reconstructed Jewellery Stones ($19.9M), and Lifting Machinery ($17.7M). During the last 5 years the exports of Austria to Vietnam have decreased at an annualized rate of 2.57%, from $369M in 2017 to $324M in 2022.

In 2017, Vietnam exported $2.66B to Austria. The main products exported from Vietnam to Austria were Broadcasting Equipment ($1.94B), Computers ($196M), and Telephones ($51.4M). During the last 5 years the exports of Vietnam to Austria have decreased at an annualized rate of 0.29%, from $2.7B in 2022 to $2.66B in 2017.

Exports from Austria () to Vietnam () (2022)

Exports from Vietnam () to Austria () (2022)

Latest Data

Trade between Austria () and Vietnam ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Austria included United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam () and Austria () (2022)

Comparative Advantage Austria - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Vietnam in the exports of Chemical Products ($96.2M), Machines ($88.9M), and Metals ($35.2M).

During 2017, Vietnam had a large net trade with Austria in the exports of Machines ($2.37B), Precious Metals ($56.5M), and Footwear and Headwear ($56.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Vietnam+$24.6MPackaged Medicaments

Top Product Potential Vietnam Austria+$49MComputers

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Vietnam () (2022)

Exports from Vietnam () to Austria () (2022)

Latest Data

Trade between Austria () and Vietnam ()

Austria Exports

Market Competitiveness

Difference in imports from Vietnam () and Austria () (2022)

Comparative Advantage Austria - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Vietnam () (2022)

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