Hong Kong (HKG) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Hong Kong-Austria Trade: In 2023, Hong Kong exported $922M to Austria. The main products that Hong Kong exported to Austria were Paintings ($567M), Sculptures ($258M), and Broadcasting Equipment ($12.9M). Over the past 5 years the exports of Hong Kong to Austria have increased at an annualized rate of 27.4%, from $275M in 2018 to $922M in 2023.

In 2023, Hong Kong did not export any services to Austria.

Austria-Hong Kong Trade: In 2023, Austria exported $526M to Hong Kong. The main products that Austria exported to Hong Kong were Paintings ($110M), Integrated Circuits ($38.3M), and Electrical Resistors ($27.6M). Over the past 5 years the exports of Austria to Hong Kong have increased at an annualized rate of 2.46%, from $465M in 2018 to $526M in 2023.

In 2020, Austria exported services to Hong Kong worth $127M, with Other business services ($65.1M), Communications services ($12.6M), and Transportation ($11.4M) being the largest in terms of value.

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $922M to Austria. The main products exported from Hong Kong to Austria were Paintings ($567M), Sculptures ($258M), and Broadcasting Equipment ($12.9M). During the last 5 years the exports of Hong Kong to Austria have increased at an annualized rate of 27.4%, from $275M in 2018 to $922M in 2023.

In 2018, Austria exported $526M to Hong Kong. The main products exported from Austria to Hong Kong were Paintings ($110M), Integrated Circuits ($38.3M), and Electrical Resistors ($27.6M). During the last 5 years the exports of Austria to Hong Kong have increased at an annualized rate of 2.46%, from $465M in 2023 to $526M in 2018.

Exports from Hong Kong () to Austria () (2023)

Exports from Austria () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Austria ()

Hong Kong Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Hong Kong than Austria included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Austria than Hong Kong included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

Difference in imports from Austria () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Austria in the exports of Arts and Antiques ($833M), Machines ($43.9M), and Textiles ($8.11M).

During 2018, Austria had a large net trade with Hong Kong in the exports of Machines ($239M), Arts and Antiques ($114M), and Instruments ($48.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Austria+$19.3MTelephones

Top Product Potential Austria Hong Kong+$41.5MTelephones

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

In 2020, Austria exported services to Hong Kong worth $127M, with Other business services ($65.1M), Communications services ($12.6M), and Transportation ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Austria () (2023)

Exports from Austria () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Austria ()

Hong Kong Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Austria () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Austria () (2023)

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