Portugal (PRT) and Austria (AUT) Trade | The Observatory of Economic Complexity

About

Portugal-Austria In 2022, Portugal exported $480M to Austria. The main products that Portugal exported to Austria are Cars ($79M), Electrical Lighting and Signalling Equipment ($43.7M), and Other Aluminium Products ($29.1M). During the last 27 years the exports of Portugal to Austria have increased at an annualized rate of 2.06%, from $277M in 1995 to $480M in 2022.

In 2020, Portugal exported services to Austria worth $62.8M, with Travel ($62.8M) being the largest in terms of value.

Austria-Portugal In 2022, Austria exported $585M to Portugal. The main products that Austria exported to Portugal were Vaccines, blood, antisera, toxins and cultures ($18.1M), Motorcycles and cycles ($17.8M), and Ethylene Polymers ($17.8M). During the last 27 years the exports of Austria to Portugal have increased at an annualized rate of 3.67%, from $221M in 1995 to $585M in 2022.

In 2020, Austria exported services to Portugal worth $104M, with Transportation ($42.3M), Other business services ($28.6M), and Travel ($14.8M) being the largest in terms of value.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €37.5M and imported €39M from Austria, resulting in a negative trade balance of €1.56M. Between January 2023 and January 2024 the exports of Portugal have decreased by €-2.17M (-5.48%) from €39.6M to €37.5M, while imports decreased by €-516k (-1.31%) from €39.5M to €39M.

Trade In January 2024, the top exports of Portugal to Austria were Electrical machinery and electronics (€5.94M), Cars, tractors, trucks & parts thereof. (€5.52M), Cork & cork articles (€5.37M), Footwear (€3.6M), and Knitted clothing accesories (€2.94M). In January 2024 the top imports of Portugal from Austria were Machinery, mechanical appliances, & parts (€5.48M), Plastics & articles thereof (€5.37M), Electrical machinery and electronics (€5.02M), Cars, tractors, trucks & parts thereof. (€3.69M), and Paper articles (€2.59M).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Austria was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-2.78M or -33.5%), Wood pulp & paper scrap (€-1.07M or -99.9%), and Preparations of fish, crustacenas, & molluscs (€-397k or -37.6%). In January 2024, the decrease in Portugal's year-by-year imports from Austria was explained primarily by an decrease in product imports in Iron & steel (€-1.63M or -59%), Chemical products n.e.s. (€-1.1M or -59.4%), and Glass & glassware (€-1.03M or -40.6%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-2.17M(-5.48%)

IMPORT GROWTH (January 2023 - January 2024)€-516k(-1.31%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $480M to Austria. The main products exported from Portugal to Austria were Cars ($79M), Electrical Lighting and Signalling Equipment ($43.7M), and Other Aluminium Products ($29.1M). During the last 27 years the exports of Portugal to Austria have increased at an annualized rate of 2.06%, from $277M in 1995 to $480M in 2022.

In 2022, Austria exported $585M to Portugal. The main products exported from Austria to Portugal were Vaccines, blood, antisera, toxins and cultures ($18.1M), Motorcycles and cycles ($17.8M), and Ethylene Polymers ($17.8M). During the last 27 years the exports of Austria to Portugal have increased at an annualized rate of 3.67%, from $221M in 1995 to $585M in 2022.

Exports from Portugal () to Austria () (2022)

Exports from Austria () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Austria
Top DestinationGermany$57.7B

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

In 2021, countries that imported more from Portugal than Austria were Spain ($20.5B), Angola ($1.59B), and France ($9.49B).

In 2021, countries that imported more from Austria than Portugal were Germany ($57.7B), Switzerland ($11.2B), and Italy ($13.6B).

Difference in imports from Austria () and Portugal () (2022)

Comparative Advantage Portugal - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Austria in the exports of Transportation ($114M), Machines ($88.2M), and Metals ($52.7M).

During 2022, Austria had a large net trade with Portugal in the exports of Machines ($133M), Chemical Products ($76.2M), and Metals ($72.7M).

Service Trade

Bilateral Service Trade

Aut Year

Prt Year

In 2020, Portugal exported services to Austria worth $62.8M, with Travel ($62.8M) being the largest in terms of value.

In 2020, Austria exported services to Portugal worth $104M, with Transportation ($42.3M), Other business services ($28.6M), and Travel ($14.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Austria () (2020)

Services Exports from Austria () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Austria () (2022)

Exports from Austria () to Portugal () (2022)

Market Competitiveness

Difference in imports from Austria () and Portugal () (2022)

Comparative Advantage Portugal - Austria

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Austria () (2020)

Services Exports from Austria () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Austria () (2022)

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