Germany (DEU) and Austria (AUT) Trade

2022

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Exports $86.5BRnk 7 / 223

2022

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About

Germany-Austria Trade: In 2022, Germany exported $86.5B to Austria. The main products that Germany exported to Austria were Refined Petroleum ($5.76B), Cars ($4.53B), and Electricity ($3.96B). Over the past 5 years the exports of Germany to Austria have increased at an annualized rate of 5.5%, from $66.2B in 2017 to $86.5B in 2022.

In 2020, Germany exported services to Austria worth $9.09B, with Other business services ($3.19B), Travel ($1.49B), and Transportation ($1.31B) being the largest in terms of value.

Austria-Germany Trade: In 2022, Austria exported $57.7B to Germany. The main products that Austria exported to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.66B), Vaccines, blood, antisera, toxins and cultures ($1.82B), and Electricity ($1.43B). Over the past 5 years the exports of Austria to Germany have increased at an annualized rate of 4.61%, from $46.1B in 2017 to $57.7B in 2022.

In 2020, Austria exported services to Germany worth $24.4B, with Travel ($6.89B), Other business services ($6.71B), and Transportation ($5.18B) being the largest in terms of value.

Comparison: In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €6.11B and imported €3.8B from Austria, resulting in a positive trade balance of €2.31B. Between August 2023 and August 2024 the exports of Germany have decreased by €-152M (-2.42%) from €6.26B to €6.11B, while imports decreased by €-456M (-10.7%) from €4.26B to €3.8B.

Trade In August 2024, the top exports of Germany to Austria were Estimations for non-response (€355M), Mineral oil products (€329M), Motor cars and motor caravans (€324M), Machinery for electricity production, distribution (€304M), and Chassis, bodies, engines etc. for motor... (€283M). In August 2024 the top imports of Germany from Austria were Estimations for non-response (€433M), Chassis, bodies, engines etc. for motor... (€364M), Estimations for exemptions (€260M), Pharmaceutical products (€193M), and Other articles of iron, iron sheet,... (€187M).

Origins In August 2024 the exports of Germany were mainly from Bavaria (€1.37B), Baden-Württemberg (€913M), North Rhine-Westphalia (€911M), Lower Saxony (€342M), and Hesse (€263M), while imports destinations were mainly Bavaria (€1.3B), North Rhine-Westphalia (€739M), Baden-Württemberg (€675M), Lower Saxony (€222M), and Hesse (€168M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Austria was explained primarily by an decrease in product exports in Petroleum oil and petroleum gases (€-115M or -43.3%), Other semi-finished products (€-89.4M or -29.7%), and Gold for industrial purposes (€-69.7M or -33%). In August 2024, the decrease in Germany's year-by-year imports from Austria was explained primarily by an decrease in product imports in Petroleum oil and petroleum gases (€-107M or -43.7%), Other semi-finished products (€-39.3M or -31%), and Plates and sheets of iron or... (€-24.6M or -16.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-152M(-2.42%)

IMPORT GROWTH (August 2023 - August 2024)€-456M(-10.7%)

MAIN EXPORTER (August 2024)Bavaria€1.37B

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Austria and Germany trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $86.5B to Austria. The main products exported from Germany to Austria were Refined Petroleum ($5.76B), Cars ($4.53B), and Electricity ($3.96B). During the last 5 years the exports of Germany to Austria have increased at an annualized rate of 5.5%, from $66.2B in 2017 to $86.5B in 2022.

In 2017, Austria exported $57.7B to Germany. The main products exported from Austria to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.66B), Vaccines, blood, antisera, toxins and cultures ($1.82B), and Electricity ($1.43B). During the last 5 years the exports of Austria to Germany have increased at an annualized rate of 4.61%, from $46.1B in 2022 to $57.7B in 2017.

Exports from Germany () to Austria () (2022)

Exports from Austria () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Germany than Austria included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, countries that imported more from Austria than Germany included Mali ($168M), Dominica ($3.22M), and Wallis and Futuna ($685k).

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

Comparative Advantage Germany - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Austria in the exports of Machines ($19.6B), Mineral Products ($10.8B), and Metals ($10.5B).

During 2017, Austria had a large net trade with Germany in the exports of Machines ($14.9B), Metals ($10.4B), and Transportation ($6.6B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Germany Austria+$941MCars

Top Product Potential Austria Germany+$967MCars

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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Bilateral Service Trade

Aut Year

Deu Year

In 2020, Germany exported services to Austria worth $9.09B, with Other business services ($3.19B), Travel ($1.49B), and Transportation ($1.31B) being the largest in terms of value.

In 2020, Austria exported services to Germany worth $24.4B, with Travel ($6.89B), Other business services ($6.71B), and Transportation ($5.18B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany () to Austria () (2020)

Services Exports from Austria () to Germany () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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