Flag China / Austria Flag

2019
FlagFlag
Exports
: $6.58B, Rnk 54 / 209

2019
FlagFlag
Top Product
: $706M, Broadcasting Equipment

2019
FlagFlag
Exports
: $5.26B, Rnk 9 / 212

2019
FlagFlag
Top Product
: $361M, Cars

2019
Flag
Economic Complexity (ECI)
: ECI 1.01, Rnk 29 / 146

2019
Flag
Economic Complexity (ECI)
: ECI 1.59, Rnk 9 / 146

2019
Flag  
GDP
: $14.3T, CURRENT US$
Rnk 2 / 187

2009-2019
Flag
GDP GROWTH
: 181%, CURRENT US$
Rnk 6 / 187

2019
Flag
 GDP
: $445B, CURRENT US$
Rnk 27 / 187

2009-2019
Flag
GDP GROWTH
: 11.2%, CURRENT US$
Rnk 160 / 187

2019
Flag
GDP PC 
: $10,262, CURRENT US$
Rnk 71 / 187

2009-2019
Flag
GDP PC GROWTH
: 168%, CURRENT US$
Rnk 2 / 187

2019
Flag
GDP PC
: $50,138, CURRENT US$
Rnk 15 / 187

2009-2019
Flag
GDP PC GROWTH
: 4.53%, CURRENT US$
Rnk 146 / 187

China-Austria In 2019, China exported $6.58B to Austria. The main products that China exported to Austria are Broadcasting Equipment ($706M), Computers ($269M), and Vacuum Cleaners ($191M). During the last 24 years the exports of China to Austria have increased at an annualized rate of 11.1%, from $524M in 1995 to $6.58B in 2019.

In 2019, China did not export any services to Austria.

Austria-China In 2019, Austria exported $5.26B to China . The main products that Austria exported to China were Cars ($361M), Blood, antisera, vaccines, toxins and cultures ($339M), and Unprocessed Artificial Staple Fibers ($333M). During the last 24 years the exports of Austria to China have increased at an annualized rate of 9.58%, from $585M in 1995 to $5.26B in 2019.

In 2019, Austria exported services to China worth $473M, with Other business services ($253M), Transportation ($150M), and Communications services ($30.2M) being the largest in terms of value.

Comparison In 2019,  China ranked 29 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($2.57T). That same year, Austria ranked 9 in the Economic Complexity Index (ECI 1.59), and 31 in total exports ($172B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2019, China exported $6.58B to Austria. The main products exported from China to Austria were Broadcasting Equipment ($706M), Computers ($269M), and Vacuum Cleaners ($191M). During the last 24 years the exports of China to Austria have increased at an annualized rate of 11.1%, from $524M in 1995 to $6.58B in 2019.

In 2019, Austria exported $5.26B to China. The main products exported from Austria to China were Cars ($361M), Blood, antisera, vaccines, toxins and cultures ($339M), and Unprocessed Artificial Staple Fibers ($333M). During the last 24 years the exports of Austria to China have increased at an annualized rate of 9.58%, from $585M in 1995 to $5.26B in 2019.

Austria Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $429B

Austria
Top Destination
: Germany, $48.4B

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

In 2019, countries that imported more from China than Austria were United States ($429B), Hong Kong ($268B), and Japan ($152B).

In 2019, countries that imported more from Austria than China were Slovenia ($3.57B), Croatia ($1.65B), and Gibraltar ($14.8M).

Comparative Advantage China - Austria

#permalink to section
Depth

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

During 2019, China had a large net trade with Austria in the exports of Machines ($3.12B), Textiles ($707M), and Miscellaneous ($556M).

During 2019, Austria had a large net trade with China in the exports of Machines ($1.78B), Instruments ($819M), and Transportation ($580M).

Tariff Section

#permalink to section

This section shows import tariffs for products traded between China and Austria (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Austria were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2017, the products from Austria that paid the highest import tariffs to enter China were Sugar beet (178%) and Whey (173%).

*The tariffs present between China and Austria are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

#permalink to section

In 2019, Austria exported services to China worth $473M, with Other business services ($253M), Transportation ($150M), and Communications services ($30.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Austria. Similarly, the more red a dot/product is, the more Austria has comparative advantage over China.