Flag Italy / Austria Flag

2019
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Exports
: $11.7B, Rnk 11 / 224

2019
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Top Product
: $452M, Vehicle Parts

2019
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Exports
: $11B, Rnk 3 / 212

2019
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Top Product
: $512M, Sawn Wood

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 1.59, Rnk 9 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $445B, CURRENT US$
Rnk 27 / 187

2009-2019
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GDP GROWTH
: 11.2%, CURRENT US$
Rnk 160 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $50,138, CURRENT US$
Rnk 15 / 187

2009-2019
Flag
GDP PC GROWTH
: 4.53%, CURRENT US$
Rnk 146 / 187

Italy-Austria In 2019, Italy exported $11.7B to Austria. The main products that Italy exported to Austria are Vehicle Parts ($452M), Packaged Medicaments ($414M), and Refined Petroleum ($347M). During the last 24 years the exports of Italy to Austria have increased at an annualized rate of 3.16%, from $5.54B in 1995 to $11.7B in 2019.

In 2018, Italy exported services to Austria worth $3.12B, with Travel ($2.23B), Other business services ($292M), and Transportation ($258M) being the largest in terms of value.

Austria-Italy In 2019, Austria exported $11B to Italy . The main products that Austria exported to Italy were Sawn Wood ($512M), Refined Copper ($464M), and Blood, antisera, vaccines, toxins and cultures ($328M). During the last 24 years the exports of Austria to Italy have increased at an annualized rate of 3.48%, from $4.82B in 1995 to $11B in 2019.

In 2019, Austria exported services to Italy worth $2.23B, with Transportation ($1.44B), Other business services ($464M), and Computer and information services ($167M) being the largest in terms of value.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Austria ranked 9 in the Economic Complexity Index (ECI 1.59), and 31 in total exports ($172B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $11.7B to Austria. The main products exported from Italy to Austria were Vehicle Parts ($452M), Packaged Medicaments ($414M), and Refined Petroleum ($347M). During the last 24 years the exports of Italy to Austria have increased at an annualized rate of 3.16%, from $5.54B in 1995 to $11.7B in 2019.

In 2019, Austria exported $11B to Italy. The main products exported from Austria to Italy were Sawn Wood ($512M), Refined Copper ($464M), and Blood, antisera, vaccines, toxins and cultures ($328M). During the last 24 years the exports of Austria to Italy have increased at an annualized rate of 3.48%, from $4.82B in 1995 to $11B in 2019.

Austria Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Austria
Top Destination
: Germany, $48.4B

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 2019, countries that imported more from Italy than Austria were France ($54.9B), United States ($51.8B), and Spain ($26.7B).

In 2019, countries that imported more from Austria than Italy were Hungary ($6.56B), Mali ($146M), and Greenland ($2.45M).

Comparative Advantage Italy - Austria

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Depth

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

During 2019, Italy had a large net trade with Austria in the exports of Machines ($2.48B), Metals ($1.89B), and Chemical Products ($1.27B).

During 2019, Austria had a large net trade with Italy in the exports of Metals ($2.17B), Machines ($1.72B), and Wood Products ($1.18B).

Bilateral Service Trade

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In 2018, Italy exported services to Austria worth $3.12B, with Travel ($2.23B), Other business services ($292M), and Transportation ($258M) being the largest in terms of value.

In 2019, Austria exported services to Italy worth $2.23B, with Transportation ($1.44B), Other business services ($464M), and Computer and information services ($167M) 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 red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Austria. Similarly, the more red a dot/product is, the more Austria has comparative advantage over Italy.