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2023
ExportsfalseWorld Rnk 70 / 150
Flag Rnk 314 / 1211
2022 - 2023
FASTEST GROWING MARKET $87.5MNetherlands
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Origin $394M Kazakhstan
2022 - 2023
FASTEST GROWING ORIGIN $394MLibya
2023
ECONOMIC COMPLEXITY of Austria1.56Rnk 8 / 132

About

Exports In 2023, Austria exported $87.7M in Crude Petroleum, making it the 70th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 314th most exported product in Austria. The main destination of Crude Petroleum exports from Austria are: Netherlands ($87.6M), Hungary ($179k), Belgium ($7.32k), and China ($1.04k).

The fastest growing export markets for Crude Petroleum of Austria between 2022 and 2023 were Netherlands ($87.5M), Hungary ($179k), and China ($877).

The fastest growing import markets in Crude Petroleum for Austria between 2022 and 2023 were Libya ($394M), Saudi Arabia ($286M), and Kazakhstan ($209M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$87.7M

In 2023, Austria exported $87.7M in Crude Petroleum. The main destinations of Austria exports on Crude Petroleum were Netherlands ($87.6M), Hungary ($179k), Belgium ($7.32k), and China ($1.04k).

In N/A, Austria imported N/A in Crude Petroleum, mainly from Kazakhstan ($1.85B), Libya ($1.16B), Guyana ($413M), Iraq ($404M), and Saudi Arabia ($286M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Austria WERE (2022 - 2023):
Netherlands$87.5M (545k%)
Hungary$179k (1%)
China$877 (555%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Austria WERE (2022 - 2023):
Belgium-$12M (-99.9%)
Slovakia-$48 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Austria' main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Austria' main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $2.56M
TOP IMPORT POTENTIALIraq+ $148M

Crude Petroleum’s highest export potential is Belgium. With an export gap of $2.56M.   Crude Petroleum’s highest import potential is Iraq with an import gap of $148M.

See methodology.

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