Flag Italy / Austria Flag

2020
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Exports
: $10.4B, Rnk 11 / 213

2020
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Top Product
: $391M, Packaged Medicaments

2020
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Exports
: $9.75B, Rnk 3 / 213

2020
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Top Product
: $471M, Sawn Wood

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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Economic Complexity (ECI)
: ECI 1.52, Rnk 10 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
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 GDP
: $433B, CURRENT US$
Rnk 25 / 195

2010-2020
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GDP GROWTH
: 10.6%, CURRENT US$
Rnk 138 / 195

2020
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GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
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GDP PC
: $48,587, CURRENT US$
Rnk 17 / 195

2010-2020
Flag
GDP PC GROWTH
: 3.69%, CURRENT US$
Rnk 123 / 195

Italy-Austria In 2020, Italy exported $10.4B to Austria. The main products that Italy exported to Austria are Packaged Medicaments ($391M), Motor vehicles; parts and accessories (8701 to 8705) ($363M), and Vaccines, blood, antisera, toxins and cultures ($320M). During the last 25 years the exports of Italy to Austria have increased at an annualized rate of 2.52%, from $5.58B in 1995 to $10.4B in 2020.

In 2020, Italy exported services to Austria worth $2.17B, with Travel ($1.29B), Other business services ($249M), and Computer and information services ($237M) being the largest in terms of value.

Austria-Italy In 2020, Austria exported $9.75B to Italy. The main products that Austria exported to Italy were Sawn Wood ($471M), Refined Copper ($440M), and Vaccines, blood, antisera, toxins and cultures ($390M). During the last 25 years the exports of Austria to Italy have increased at an annualized rate of 2.83%, from $4.85B in 1995 to $9.75B in 2020.

In 2020, Austria exported services to Italy worth $2.73B, with Transportation ($1.5B), Other business services ($476M), and Travel ($400M) being the largest in terms of value.

Comparison In 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Austria ranked 10 in the Economic Complexity Index (ECI 1.52), and 31 in total exports ($160B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $10.4B to Austria. The main products exported from Italy to Austria were Packaged Medicaments ($391M), Motor vehicles; parts and accessories (8701 to 8705) ($363M), and Vaccines, blood, antisera, toxins and cultures ($320M). During the last 25 years the exports of Italy to Austria have increased at an annualized rate of 2.52%, from $5.58B in 1995 to $10.4B in 2020.

In 2020, Austria exported $9.75B to Italy. The main products exported from Austria to Italy were Sawn Wood ($471M), Refined Copper ($440M), and Vaccines, blood, antisera, toxins and cultures ($390M). During the last 25 years the exports of Austria to Italy have increased at an annualized rate of 2.83%, from $4.85B in 1995 to $9.75B in 2020.

Austria Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Austria
Top Destination
: Germany, $46.6B

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

In 2019, countries that imported more from Italy than Austria were France ($49.5B), United States ($47.9B), and United Kingdom ($25B).

In 2019, countries that imported more from Austria than Italy were Hungary ($6.06B), Mali ($171M), and San Marino ($36.3M).

Comparative Advantage Italy - Austria

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Flow

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

During 2020, Italy had a large net trade with Austria in the exports of Machines ($2.21B), Metals ($1.71B), and Chemical Products ($1.17B).

During 2020, Austria had a large net trade with Italy in the exports of Metals ($2.03B), Machines ($1.5B), and Chemical Products ($1.12B).

Bilateral Service Trade

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In 2020, Italy exported services to Austria worth $2.17B, with Travel ($1.29B), Other business services ($249M), and Computer and information services ($237M) being the largest in terms of value.

In 2020, Austria exported services to Italy worth $2.73B, with Transportation ($1.5B), Other business services ($476M), and Travel ($400M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 Italy has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Italy.