Italy / Austria

Italy-Austria Trade: In 2023, Italy exported $14.7B to Austria. The main products that Italy exported to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($699M), Petroleum Gas ($637M), and Vaccines, blood, antisera, toxins and cultures ($536M). Over the past 5 years the exports of Italy to Austria have increased at an annualized rate of 4%, from $12B in 2018 to $14.7B in 2023.

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 Trade: In 2023, Austria exported $13.5B to Italy. The main products that Austria exported to Italy were Sawn Wood ($777M), Vaccines, blood, antisera, toxins and cultures ($464M), and Refined Copper ($387M). Over the past 5 years the exports of Austria to Italy have increased at an annualized rate of 4.09%,  from $11.1B in 2018 to $13.5B in 2023.

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 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).