Romania (ROU) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Romania-Austria Trade: In 2023, Romania exported $2.44B to Austria. The main products that Romania exported to Austria were Refined Petroleum ($164M), Rubber Footwear ($122M), and Cars ($121M). Over the past 5 years the exports of Romania to Austria have increased at an annualized rate of 5.66%, from $1.85B in 2018 to $2.44B in 2023.

In 2020, Romania exported services to Austria worth $1.34B, with Transportation ($863M), Other business services ($239M), and Computer and information services ($110M) being the largest in terms of value.

Austria-Romania Trade: In 2023, Austria exported $4.59B to Romania. The main products that Austria exported to Romania were Cars ($402M), Packaged Medicaments ($213M), and Motor vehicles; parts and accessories (8701 to 8705) ($176M). Over the past 5 years the exports of Austria to Romania have increased at an annualized rate of 3.02%, from $3.21B in 2018 to $4.59B in 2023.

In 2020, Austria exported services to Romania worth $931M, with Transportation ($198M), Other business services ($188M), and Travel ($183M) being the largest in terms of value.

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $2.44B to Austria. The main products exported from Romania to Austria were Refined Petroleum ($164M), Rubber Footwear ($122M), and Cars ($121M). During the last 5 years the exports of Romania to Austria have increased at an annualized rate of 5.66%, from $1.85B in 2018 to $2.44B in 2023.

In 2018, Austria exported $4.59B to Romania. The main products exported from Austria to Romania were Cars ($402M), Packaged Medicaments ($213M), and Motor vehicles; parts and accessories (8701 to 8705) ($176M). During the last 5 years the exports of Austria to Romania have increased at an annualized rate of 3.02%, from $3.21B in 2023 to $4.59B in 2018.

Exports from Romania () to Austria () (2023)

Exports from Austria () to Romania () (2023)

Latest Data

Trade between Romania () and Austria ()

Romania Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Romania than Austria included Bulgaria ($4.03B), Turkey ($3.76B), and Moldova ($1.41B).

In 2023, countries that imported more from Austria than Romania included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

Difference in imports from Austria () and Romania () (2023)

Comparative Advantage Romania - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Austria in the exports of Machines ($839M), Transportation ($256M), and Metals ($224M).

During 2018, Austria had a large net trade with Romania in the exports of Machines ($1.46B), Transportation ($804M), and Metals ($502M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Austria+$53MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Austria Romania+$40.3MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Aut Year

Rou Year

In 2020, Romania exported services to Austria worth $1.34B, with Transportation ($863M), Other business services ($239M), and Computer and information services ($110M) being the largest in terms of value.

In 2020, Austria exported services to Romania worth $931M, with Transportation ($198M), Other business services ($188M), and Travel ($183M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Romania and Austria. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Romania.

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Austria () (2023)

Exports from Austria () to Romania () (2023)

Latest Data

Trade between Romania () and Austria ()

Romania Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Romania () (2023)

Comparative Advantage Romania - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Romania () and Austria () (2023)

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