2023
Exports
$3.27BWorld Rnk 12 / 219
Flag Rnk 7 / 1211
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$2.18BWorld Rnk 19 / 226
Flag Rnk 13 / 1213
2023
ECONOMIC COMPLEXITY of Austria
1.56Rnk 8 / 132

About

Exports In 2023, Austria exported $3.27B in Machinery Having Individual Functions, making it the 12th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 7th most exported product in Austria. The main destination of Machinery Having Individual Functions exports from Austria are: China ($747M), United States ($543M), Germany ($356M), Chinese Taipei ($319M), and South Korea ($170M).

The fastest growing export markets for Machinery Having Individual Functions of Austria between 2022 and 2023 were Chinese Taipei ($209M), United States ($190M), and China ($155M).

Imports In 2023, Austria imported $2.18B in Machinery Having Individual Functions, becoming the 19th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 13th most imported product in Austria. Austria imports Machinery Having Individual Functions primarily from: Germany ($778M), United States ($242M), Japan ($181M), Czechia ($125M), and Italy ($71.1M).

The fastest growing import markets in Machinery Having Individual Functions for Austria between 2022 and 2023 were United States ($87.8M), Germany ($65.8M), and Slovakia ($34.6M).

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 Machinery Having Individual Functions. 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)$3.27B
IMPORTS (2023)$2.18B
NET TRADE (2023)$1.09B

In 2023, Austria exported $3.27B in Machinery Having Individual Functions. The main destinations of Austria exports on Machinery Having Individual Functions were China ($747M), United States ($543M), Germany ($356M), Chinese Taipei ($319M), and South Korea ($170M).

In 2023, Austria imported $2.18B in Machinery Having Individual Functions, mainly from Germany ($778M), United States ($242M), Japan ($181M), Czechia ($125M), and Italy ($71.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Austria WERE (2022 - 2023):
Chinese Taipei$209M (191%)
United States$190M (53.8%)
China$155M (26.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Austria WERE (2022 - 2023):
Singapore-$16.3M (-26.8%)
Poland-$15M (-31.6%)
Russia-$9.58M (-94.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Austria' main exporting competitors in Machinery Having Individual Functions were:
In 2023, Austria' main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $108M
TOP IMPORT POTENTIALGermany+ $78.8M

Machinery Having Individual Functions’s highest export potential is Germany. With an export gap of $108M.   Machinery Having Individual Functions’s highest import potential is Germany with an import gap of $78.8M.

See methodology.

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