2021
Flag  
GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
Flag
GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 204
2021
Flag
 GDP
$480BCURRENT US$
Rnk 29 / 204
2011-2021
Flag
GDP GROWTH
11.3%CURRENT US$
Rnk 140 / 204
2021
Flag
GDP PC 
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 204
2021
Flag
GDP PC
$53,638CURRENT US$
Rnk 21 / 204
2011-2021
Flag
GDP PC GROWTH
4.27%CURRENT US$
Rnk 132 / 204

About

Italy-Austria In 2021, Italy exported $13.6B to Austria. The main products that Italy exported to Austria are Motor vehicles; parts and accessories (8701 to 8705) ($451M), Vaccines, blood, antisera, toxins and cultures ($390M), and Packaged Medicaments ($366M). During the last 26 years the exports of Italy to Austria have increased at an annualized rate of 3.47%, from $5.59B in 1995 to $13.6B in 2021.

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 2021, Austria exported $13.1B to Italy. The main products that Austria exported to Italy were Sawn Wood ($823M), Refined Copper ($571M), and Vaccines, blood, antisera, toxins and cultures ($451M). During the last 26 years the exports of Austria to Italy have increased at an annualized rate of 3.84%, from $4.93B in 1995 to $13.1B in 2021.

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 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Austria ranked 9 in the Economic Complexity Index (ECI 1.5), and 31 in total exports ($198B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Italy exported $13.6B to Austria. The main products exported from Italy to Austria were Motor vehicles; parts and accessories (8701 to 8705) ($451M), Vaccines, blood, antisera, toxins and cultures ($390M), and Packaged Medicaments ($366M). During the last 26 years the exports of Italy to Austria have increased at an annualized rate of 3.47%, from $5.59B in 1995 to $13.6B in 2021.

In 2021, Austria exported $13.1B to Italy. The main products exported from Austria to Italy were Sawn Wood ($823M), Refined Copper ($571M), and Vaccines, blood, antisera, toxins and cultures ($451M). During the last 26 years the exports of Austria to Italy have increased at an annualized rate of 3.84%, from $4.93B in 1995 to $13.1B in 2021.

Exports from Italy (Flag) to Austria (Flag) (2021)

Exports from Austria (Flag) to Italy (Flag) (2021)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.4B
Austria
Top Destination
Germany$56.4B

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 2021, countries that imported more from Italy than Austria were France ($61.6B), United States ($58.1B), and Spain ($29.7B).

In 2021, countries that imported more from Austria than Italy were Slovakia ($7.14B), Hungary ($7.99B), and Mali ($195M).

Difference in imports from Austria (Flag) and Italy (Flag) (2021)

Comparative Advantage Italy - Austria

Flow
Scale

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

During 2021, Italy had a large net trade with Austria in the exports of Machines ($2.9B), Metals ($2.82B), and Transportation ($1.4B).

During 2021, Austria had a large net trade with Italy in the exports of Metals ($2.95B), Machines ($1.87B), and Wood Products ($1.71B).

Service Trade

Bilateral Service Trade

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.

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

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

Economic Complexity

Competitive Landscape

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.

Product Space of Italy (Flag) and Austria (Flag) (2021)

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