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2022
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Exports $15BRnk 11 / 221
2022
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Top Product $754MRefined Petroleum
2022
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Exports $13.6BRnk 3 / 217
2022
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Top Product $833MSawn Wood
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.48Rnk 8 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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 GDP$471BCURRENT US$
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2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Austria In 2022, Italy exported $15B to Austria. The main products that Italy exported to Austria are Refined Petroleum ($754M), Motor vehicles; parts and accessories (8701 to 8705) ($469M), and Vaccines, blood, antisera, toxins and cultures ($443M). During the last 27 years the exports of Italy to Austria have increased at an annualized rate of 3.72%, from $5.58B in 1995 to $15B in 2022.

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 2022, Austria exported $13.6B to Italy. The main products that Austria exported to Italy were Sawn Wood ($833M), Electricity ($485M), and Vaccines, blood, antisera, toxins and cultures ($428M). During the last 27 years the exports of Austria to Italy have increased at an annualized rate of 3.91%, from $4.85B in 1995 to $13.6B in 2022.

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 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €860M and imported €900M from Austria, resulting in a negative trade balance of €40M. Between December 2022 and December 2023 the exports of Italy have decreased by €-65.5M (-7.07%) from €926M to €860M, while imports decreased by €-26.3M (-2.84%) from €927M to €900M.

Trade In December 2023, the top exports of Italy to Austria were Vaccines, blood, antisera, toxins and cultures (€50M), Refined Petroleum (€36.9M), Motor vehicles; parts and accessories (8701... (€34.7M), Packaged Medicaments (€29.9M), and Petroleum Gas (€20.4M). In December 2023 the top imports of Italy from Austria were Sawn Wood (€66M), Vaccines, blood, antisera, toxins and cultures (€37.7M), Electricity (€27.9M), Flat Flat-Rolled Steel (€23.3M), and Metal Mountings (€22.4M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Austria was explained primarily by an decrease in product exports in Refined Petroleum (€-8.97M or -19.6%), Coated Flat-Rolled Iron (€-6.5M or -53.5%), and Aluminium Plating (€-4.46M or -43.3%). In December 2023, the decrease in Italy's year-by-year imports  from Austria was explained primarily by an decrease in product imports  in Refined Copper (€-40.5M or -70.5%), Electricity (€-10.7M or -27.8%), and Cold-Rolled Iron (€-10.6M or -52.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-65.5M(-7.07%)
IMPORT GROWTH (December 2022 - December 2023)€-26.3M(-2.84%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $15B to Austria. The main products exported from Italy to Austria were Refined Petroleum ($754M), Motor vehicles; parts and accessories (8701 to 8705) ($469M), and Vaccines, blood, antisera, toxins and cultures ($443M). During the last 27 years the exports of Italy to Austria have increased at an annualized rate of 3.72%, from $5.58B in 1995 to $15B in 2022.

In 2022, Austria exported $13.6B to Italy. The main products exported from Austria to Italy were Sawn Wood ($833M), Electricity ($485M), and Vaccines, blood, antisera, toxins and cultures ($428M). During the last 27 years the exports of Austria to Italy have increased at an annualized rate of 3.91%, from $4.85B in 1995 to $13.6B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Austria
Top DestinationGermany$57.7B

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 ($63.8B), United States ($68.2B), and Spain ($32.8B).

In 2021, countries that imported more from Austria than Italy were Hungary ($10.4B), Slovakia ($7.4B), and Mali ($168M).

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

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 2022, Italy had a large net trade with Austria in the exports of Metals ($3.02B), Machines ($2.97B), and Chemical Products ($1.43B).

During 2022, Austria had a large net trade with Italy in the exports of Metals ($2.65B), Machines ($2.06B), and Wood Products ($1.73B).

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) (2022)

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