2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

India-Austria Trade: In 2023, India exported $1.51B to Austria. The main products that India exported to Austria were Broadcasting Equipment ($133M), Leather Footwear ($92.2M), and Printed Circuit Boards ($65.4M). Over the past 5 years the exports of India to Austria have increased at an annualized rate of 6.84%, from $1.09B in 2018 to $1.51B in 2023.

In 2023, India did not export any services to Austria.

Austria-India Trade: In 2023, Austria exported $1.51B to India. The main products that Austria exported to India were Hot-Rolled Iron ($106M), Unprocessed Artificial Staple Fibers ($103M), and Flavored Water ($50.6M). Over the past 5 years the exports of Austria to India have increased at an annualized rate of 8.02%,  from $878M in 2018 to $1.51B in 2023.

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 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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
Value

In 2023, India exported $1.51B to Austria. The main products exported from India to Austria were Broadcasting Equipment ($133M), Leather Footwear ($92.2M), and Printed Circuit Boards ($65.4M). During the last 5 years the exports of India to Austria have increased at an annualized rate of 6.84%, from $1.09B in 2018 to $1.51B in 2023.

In 2018, Austria exported $1.51B to India. The main products exported from Austria to India were Hot-Rolled Iron ($106M), Unprocessed Artificial Staple Fibers ($103M), and Flavored Water ($50.6M). During the last 5 years the exports of Austria to India have increased at an annualized rate of 8.02%, from $878M in 2023 to $1.51B in 2018.

Exports from India (Flag) to Austria (Flag) (2023)

Exports from Austria (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Austria
Top Destination
Germany$51B

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 2023, countries that imported more from India than Austria included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Austria than India included Germany ($51B), Switzerland ($10.9B), and Hungary ($8.42B).

Difference in imports from Austria (Flag) and India (Flag) (2023)

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 2023, India had a large net trade with Austria in the exports of Machines ($428M), Textiles ($265M), and Metals ($139M).

During 2018, Austria had a large net trade with India in the exports of Machines ($503M), Metals ($292M), and Chemical Products ($165M).

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) (2023)

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