2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$471BCURRENT US$
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2012-2022
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GDP GROWTH
15.1%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$52,131CURRENT US$
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2012-2022
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GDP PC GROWTH
7.34%CURRENT US$
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About

Finland-Austria In 2022, Finland exported $656M to Austria. The main products that Finland exported to Austria are Sawn Wood ($66.5M), Raw Zinc ($52.1M), and Glass Working Machines ($32.3M). During the last 27 years the exports of Finland to Austria have increased at an annualized rate of 1.94%, from $391M in 1995 to $656M in 2022.

In 2020, Finland exported services to Austria worth $299M, with Other business services ($111M), Transportation ($86.8M), and Computer and information services ($81.1M) being the largest in terms of value.

Austria-Finland In 2022, Austria exported $906M to Finland. The main products that Austria exported to Finland were Chemically Pure Sugars ($71.2M), Spark-Ignition Engines ($56.6M), and Vaccines, blood, antisera, toxins and cultures ($32.5M). During the last 27 years the exports of Austria to Finland have increased at an annualized rate of 3.01%, from $407M in 1995 to $906M in 2022.

In 2020, Austria exported services to Finland worth $416M, with Transportation ($153M), Other business services ($97.1M), and Computer and information services ($72M) being the largest in terms of value.

Comparison In 2022,  Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $656M to Austria. The main products exported from Finland to Austria were Sawn Wood ($66.5M), Raw Zinc ($52.1M), and Glass Working Machines ($32.3M). During the last 27 years the exports of Finland to Austria have increased at an annualized rate of 1.94%, from $391M in 1995 to $656M in 2022.

In 2022, Austria exported $906M to Finland. The main products exported from Austria to Finland were Chemically Pure Sugars ($71.2M), Spark-Ignition Engines ($56.6M), and Vaccines, blood, antisera, toxins and cultures ($32.5M). During the last 27 years the exports of Austria to Finland have increased at an annualized rate of 3.01%, from $407M in 1995 to $906M in 2022.

Exports from Finland (Flag) to Austria (Flag) (2022)

Exports from Austria (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Austria (Flag)

Finland Exports

Austria Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Austria
Top Destination
Germany$57.7B

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

In 2021, countries that imported more from Finland than Austria were Sweden ($9.1B), Estonia ($3.58B), and Netherlands ($5.88B).

In 2021, countries that imported more from Austria than Finland were Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

Difference in imports from Austria (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Austria

Flow
Scale

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

During 2022, Finland had a large net trade with Austria in the exports of Machines ($205M), Metals ($93.8M), and Wood Products ($89.8M).

During 2022, Austria had a large net trade with Finland in the exports of Machines ($320M), Chemical Products ($157M), and Metals ($96.1M).

Service Trade

Bilateral Service Trade

In 2020, Finland exported services to Austria worth $299M, with Other business services ($111M), Transportation ($86.8M), and Computer and information services ($81.1M) being the largest in terms of value.

In 2020, Austria exported services to Finland worth $416M, with Transportation ($153M), Other business services ($97.1M), and Computer and information services ($72M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Austria (Flag) (2020)

Services Exports from Austria (Flag) to Finland (Flag) (2020)

Economic Complexity

Competitive Landscape

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

Product Space of Finland (Flag) and Austria (Flag) (2022)

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