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2022
Flag → Flag
Exports $1.28BRnk 52 / 217
2022
Flag → Flag
Top Product $535MBroadcasting Equipment
2022
Flag → Flag
Exports $1.24BRnk 28 / 217
2022
Flag → Flag
Top Product $56.3MUnprocessed Artificial Staple Fibers
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

India-Austria Trade: In 2022, India exported $1.28B to Austria. The main products that India exported to Austria were Broadcasting Equipment ($535M), Motorcycles and cycles ($70M), and Printed Circuit Boards ($63.1M). Over the past 5 years the exports of India to Austria have increased at an annualized rate of 13.5%, from $678M in 2017 to $1.28B in 2022.

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

Austria-India Trade: In 2022, Austria exported $1.24B to India. The main products that Austria exported to India were Unprocessed Artificial Staple Fibers ($56.3M), Locomotive Parts ($55.5M), and Flavored Water ($53.8M). Over the past 5 years the exports of Austria to India have increased at an annualized rate of 6.82%,  from $892M in 2017 to $1.24B in 2022.

In 2020, Austria exported services to India worth $140M, with Other business services ($86.8M), Computer and information services ($19.4M), and Transportation ($11.4M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

September, 2024

About

Overview In September 2024, India exported $89.1M and imported $65.7M from Austria, resulting in a positive trade balance of $23.4M. Between September 2023 and September 2024 the exports of India have decreased by $-10.6M (-10.6%) from $99.7M to $89.1M, while imports decreased by $-13.4M (-16.9%) from $79.1M to $65.7M.

Trade In September 2024, the top exports of India to Austria were Telecom Instruments ($89.7M), Two And Three Wheelers ($9.5M), Electronics Components ($5.03M), Footwear Of Leather ($4.64M), and Electric Machinery And Equipme ($2.94M). In September 2024 the top imports of India from Austria were Bulk Drugs, Drug Intermediates ($10.7M), Indl. Machnry For Dairy Etc ($7.07M), Drug Formulations, Biologicals ($6.33M), Pumps Of All Types ($3.79M), and Nickel, Product Made Of Nickel ($3.53M).

Growth In September 2024, the decrease in India's year-by-year exports to Austria was explained primarily by an decrease in product exports in Electric Machinery And Equipme ($-4.84M or -62.3%), Drug Formulations, Biologicals ($-1.17M or -80.4%), and Medical And Scientific Instrum ($-475k or -52.5%). In September 2024, the decrease in India's year-by-year imports  from Austria was explained primarily by an decrease in product imports  in Other Commodities ($-5.52M or -86.2%), Indl. Machnry For Dairy Etc ($-3.02M or -29.9%), and Manmade Staple Fibre ($-2.88M or -65.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$-10.6M(-10.6%)
IMPORT GROWTH (September 2023 - September 2024)$-13.4M(-16.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Austria and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.28B to Austria. The main products exported from India to Austria were Broadcasting Equipment ($535M), Motorcycles and cycles ($70M), and Printed Circuit Boards ($63.1M). During the last 5 years the exports of India to Austria have increased at an annualized rate of 13.5%, from $678M in 2017 to $1.28B in 2022.

In 2017, Austria exported $1.24B to India. The main products exported from Austria to India were Unprocessed Artificial Staple Fibers ($56.3M), Locomotive Parts ($55.5M), and Flavored Water ($53.8M). During the last 5 years the exports of Austria to India have increased at an annualized rate of 6.82%, from $892M in 2022 to $1.24B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from India than Austria included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

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

Comparative Advantage India - Austria

Flow
Scale

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

During 2022, India had a large net trade with Austria in the exports of Machines ($774M), Transportation ($109M), and Chemical Products ($80M).

During 2017, Austria had a large net trade with India in the exports of Machines ($385M), Chemical Products ($174M), and Metals ($172M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Austria+$77.7MTelephones
Top Product Potential Austria India+$39.9MVaccines, blood, antisera, toxins and cultures

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

In 2020, Austria exported services to India worth $140M, with Other business services ($86.8M), Computer and information services ($19.4M), and Transportation ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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