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2022
Flag → Flag
Exports $633MRnk 33 / 210
2022
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Top Product $97.4MPackaged Medicaments
2022
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Exports $520MRnk 43 / 217
2022
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Top Product $35.2MCarboxylic Acids
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 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
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Ireland-Austria Trade: In 2022, Ireland exported $633M to Austria. The main products that Ireland exported to Austria were Packaged Medicaments ($97.4M), Scented Mixtures ($63.9M), and Vaccines, blood, antisera, toxins and cultures ($58.2M). Over the past 5 years the exports of Ireland to Austria have increased at an annualized rate of 0.54%, from $616M in 2017 to $633M in 2022.

In 2020, Ireland exported services to Austria worth $200M, with Other business services ($103M), Financial services ($30.8M), and Transportation ($29.7M) being the largest in terms of value.

Austria-Ireland Trade: In 2022, Austria exported $520M to Ireland. The main products that Austria exported to Ireland were Carboxylic Acids ($35.2M), Cars ($25.8M), and Micro-Organism Culture Preparations ($20.2M). Over the past 5 years the exports of Austria to Ireland have increased at an annualized rate of 8.41%,  from $347M in 2017 to $520M in 2022.

In 2020, Austria exported services to Ireland worth $1.1B, with Other business services ($379M), Computer and information services ($275M), and Transportation ($169M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported €31.1M and imported €24.2M from Austria, resulting in a positive trade balance of €6.91M. Between August 2023 and August 2024 the exports of Ireland have decreased by €-7.14M (-18.6%) from €38.3M to €31.1M, while imports decreased by €-13M (-34.9%) from €37.2M to €24.2M.

Trade In August 2024, the top exports of Ireland to Austria were Medicinal and pharmaceutical products (€10.7M), Essential oils, perfume materials, toilet preparations... (€7.28M), Chemical materials and products, n.e.s. (€6.17M), Office machines and automatic data processing... (€3.69M), and Professional, scientific and controlling apparatus (€1.44M). In August 2024 the top imports of Ireland from Austria were Machinery specialised for particular industries (€3M), Organic chemicals (€2.59M), Unclassified estimates (€2.41M), Electrical machinery, appliances etc., n.e.s. (€2.16M), and Professional, scientific and controlling apparatus (€1.99M).

Growth In August 2024, the decrease in Ireland's year-by-year exports to Austria was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-3.64M or -25.4%), Office machines and automatic data processing... (€-2.55M or -40.9%), and Machinery specialised for particular industries (€-1.87M or -87.4%). In August 2024, the decrease in Ireland's year-by-year imports  from Austria was explained primarily by an decrease in product imports  in Plastics in primary forms (€-847k or -91.1%), Road vehicles (€-712k or -49.5%), and Sugar, sugar preparations and honey (€-536k or -39.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-7.14M(-18.6%)
IMPORT GROWTH (August 2023 - August 2024)€-13M(-34.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Austria and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $633M to Austria. The main products exported from Ireland to Austria were Packaged Medicaments ($97.4M), Scented Mixtures ($63.9M), and Vaccines, blood, antisera, toxins and cultures ($58.2M). During the last 5 years the exports of Ireland to Austria have increased at an annualized rate of 0.54%, from $616M in 2017 to $633M in 2022.

In 2017, Austria exported $520M to Ireland. The main products exported from Austria to Ireland were Carboxylic Acids ($35.2M), Cars ($25.8M), and Micro-Organism Culture Preparations ($20.2M). During the last 5 years the exports of Austria to Ireland have increased at an annualized rate of 8.41%, from $347M in 2022 to $520M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Ireland than Austria included United States ($70.7B), Belgium ($17B), and United Kingdom ($19B).

In 2022, countries that imported more from Austria than Ireland included Germany ($57.7B), Hungary ($10.4B), and Italy ($13.6B).

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

Comparative Advantage Ireland - Austria

Flow
Scale

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

During 2022, Ireland had a large net trade with Austria in the exports of Chemical Products ($299M), Machines ($191M), and Foodstuffs ($40.1M).

During 2017, Austria had a large net trade with Ireland in the exports of Chemical Products ($123M), Machines ($116M), and Transportation ($56.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Austria+$67.4MPackaged Medicaments
Top Product Potential Austria Ireland+$27.9MCars

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, Ireland exported services to Austria worth $200M, with Other business services ($103M), Financial services ($30.8M), and Transportation ($29.7M) being the largest in terms of value.

In 2020, Austria exported services to Ireland worth $1.1B, with Other business services ($379M), Computer and information services ($275M), and Transportation ($169M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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