HS Icon Metalworking Machines in  Flag Austria

2019
Exports | Imports
: $62.3M | $29.3M, World Rnk 9 / 148
Flag Rnk 366 / 1211 | World Rnk 23 / 216
Flag Rnk 602 / 1212

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $6.99M | $4.88M, United States |  Germany

2019
ECONOMIC COMPLEXITY of Austria
: 1.57, Rnk 10 / 147

2019
PRODUCT COMPLEXITY  IN Metalworking Machines
: 2.06, Rnk 5 / 1029

Exports In 2019, Austria exported $62.3M in Metalworking Machines, making it the 9th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 366th most exported product in Austria. The main destination of Metalworking Machines exports from Austria are: United States ($11M), Germany ($9.11M), India ($5.74M), China ($4.99M), and Chinese Taipei ($4.77M).

The fastest growing export markets for Metalworking Machines of Austria between 2018 and 2019 were United States ($6.99M), India ($4.89M), and Chinese Taipei ($4.34M).

Imports In 2019, Austria imported $29.3M in Metalworking Machines, becoming the 23rd largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 602nd most imported product in Austria. Austria imports Metalworking Machines primarily from: Germany ($18.8M), China ($2.98M), Italy ($2.37M), Japan ($1.8M), and Czechia ($1.35M).

The fastest growing import markets in Metalworking Machines for Austria between 2018 and 2019 were Germany ($4.88M), Japan ($1.8M), and Czechia ($518k).

Tariffs In 1990, the average tariff for Austria in Metalworking Machines was 3.77%. The countries with the highest import tariffs for Metalworking Machines were Mayotte (Most Favoured Nation duty rate treatement, 6.37%), South Sudan (Most Favoured Nation duty rate treatement, 6.37%), South Africa (Most Favoured Nation duty rate treatement, 6.37%), Antarctica (Most Favoured Nation duty rate treatement, 6.37%), and French South Antarctic Territory (Most Favoured Nation duty rate treatement, 6.37%).

Historical Data

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EXPORTS (2019): $62.3M

IMPORTS (2019): $29.3M

NET TRADE (2019): $33M

In 2019, Austria exported $62.3M in Metalworking Machines. The main destinations of Austria exports on Metalworking Machines were United States ($11M), Germany ($9.11M), India ($5.74M), China ($4.99M), and Chinese Taipei ($4.77M).

In 2019, Austria imported $29.3M in Metalworking Machines, mainly from Germany ($18.8M), China ($2.98M), Italy ($2.37M), Japan ($1.8M), and Czechia ($1.35M).

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IN 2019, Austria HAD A POSITIVE NET TRADE IN Metalworking Machines WITH:

IN 2019, Austria HAD A NEGATIVE NET TRADE IN Metalworking Machines WITH:

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THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Austria WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Austria WERE (2018 - 2019):

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Market Concentration

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In 2019, Austria' main exporting competitors in Metalworking Machines were:

In 2019, Austria' main importing competitors in Metalworking Machines were:

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Tariffs by Country

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In 1990, the average tariff for Austria in Metalworking Machines was 3.77%.

The countries with the highest tariffs for Metalworking Machines in Austria were Mayotte (Most Favoured Nation duty rate treatement, 6.37%), South Sudan (Most Favoured Nation duty rate treatement, 6.37%), South Africa (Most Favoured Nation duty rate treatement, 6.37%), Antarctica (Most Favoured Nation duty rate treatement, 6.37%), and French South Antarctic Territory (Most Favoured Nation duty rate treatement, 6.37%).