2022
Exports
$7.34BWorld Rnk 16 / 226
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$6.72BWorld Rnk 13 / 225
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $7.34B in Iron or steel articles, making it the 16th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most exported product in Austria. The main destination of Iron or steel articles exports from Austria are: Germany ($2.39B), United States ($773M), Switzerland ($409M), France ($314M), and Italy ($293M).

The fastest growing export markets for Iron or steel articles of Austria between 2021 and 2022 were United States ($323M), Germany ($217M), and Canada ($65.9M).

Imports In 2022, Austria imported $6.72B in Iron or steel articles, becoming the 13th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 9th most imported product in Austria. Austria imports Iron or steel articles primarily from: Germany ($2.62B), Italy ($767M), Czechia ($520M), Slovakia ($340M), and Switzerland ($301M).

The fastest growing import markets in Iron or steel articles for Austria between 2021 and 2022 were Germany ($88.5M), Slovakia ($72.5M), and Turkey ($37.2M).

COMPANIES In 2023, leading companies such as Robert Bosch (7) and Stihl (3) were at the forefront of shipping Iron or steel articles 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 Iron or steel articles. 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)$7.34B
IMPORTS (2022)$6.72B
NET TRADE (2022)$621M

In 2022, Austria exported $7.34B in Iron or steel articles. The main destinations of Austria exports on Iron or steel articles were Germany ($2.39B), United States ($773M), Switzerland ($409M), France ($314M), and Italy ($293M).

In 2022, Austria imported $6.72B in Iron or steel articles, mainly from Germany ($2.62B), Italy ($767M), Czechia ($520M), Slovakia ($340M), and Switzerland ($301M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Austria WERE (2021 - 2022):
United States$323M (71.8%)
Germany$217M (9.95%)
Canada$65.9M (46.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Austria WERE (2021 - 2022):
Sweden-$23.9M (-15.1%)
Russia-$14.6M (-24%)
United Kingdom-$12.3M (-7.97%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Austria' main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $372M
TOP IMPORT POTENTIALChina+ $211M

Iron or steel articles’s highest export potential is Germany. With an export gap of $372M.   Iron or steel articles’s highest import potential is China with an import gap of $211M.

See methodology.

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