2022
Exports
$998MWorld Rnk 14 / 216
Flag Rnk 45 / 1211
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$1.3BWorld Rnk 16 / 226
Flag Rnk 26 / 1212
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $998M in Electric Motors, making it the 14th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 45th most exported product in Austria. The main destination of Electric Motors exports from Austria are: Germany ($202M), United States ($128M), Czechia ($67.7M), Hungary ($59.8M), and Spain ($51.9M).

The fastest growing export markets for Electric Motors of Austria between 2021 and 2022 were United States ($49M), Czechia ($15.4M), and Hungary ($9.67M).

Imports In 2022, Austria imported $1.3B in Electric Motors, becoming the 16th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 26th most imported product in Austria. Austria imports Electric Motors primarily from: Germany ($533M), China ($168M), Italy ($122M), Switzerland ($88.6M), and Hungary ($63.1M).

The fastest growing import markets in Electric Motors for Austria between 2021 and 2022 were Germany ($134M), Italy ($17.7M), and Netherlands ($5.27M).

COMPANIES In 2023, leading companies such as Stihl (11) and Siemens (2) were at the forefront of shipping Electric Motors from Austria to the United States.

Latest Trends

Oct 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 Electric Motors. 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 (2022)$998M
IMPORTS (2022)$1.3B
NET TRADE (2022)-$299M

In 2022, Austria exported $998M in Electric Motors. The main destinations of Austria exports on Electric Motors were Germany ($202M), United States ($128M), Czechia ($67.7M), Hungary ($59.8M), and Spain ($51.9M).

In 2022, Austria imported $1.3B in Electric Motors, mainly from Germany ($533M), China ($168M), Italy ($122M), Switzerland ($88.6M), and Hungary ($63.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Austria WERE (2021 - 2022):
United States$49M (62.3%)
Czechia$15.4M (29.6%)
Hungary$9.67M (19.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Austria WERE (2021 - 2022):
Germany-$15.5M (-7.11%)
China-$15.4M (-23.7%)
Morocco-$13.6M (-91.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Austria' main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $97.6M
TOP IMPORT POTENTIALChina+ $60.2M

Electric Motors’s highest export potential is Germany. With an export gap of $97.6M.   Electric Motors’s highest import potential is China with an import gap of $60.2M.

See methodology.

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