HS Icon Refined Petroleum in  Flag Austria

2019
Exports | Imports
: $1.74B | $4.02B, World Rnk 45 / 214
Flag Rnk 12 / 1211 | World Rnk 41 / 225
Flag Rnk 4 / 1212

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $109M | $24.8M, Hungary |  Spain

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

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports In 2019, Austria exported $1.74B in Refined Petroleum, making it the 45th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 12th most exported product in Austria. The main destination of Refined Petroleum exports from Austria are: Hungary ($662M), Germany ($289M), Slovakia ($242M), Slovenia ($196M), and Czechia ($178M).

The fastest growing export markets for Refined Petroleum of Austria between 2018 and 2019 were Hungary ($109M), Germany ($51.1M), and Malta ($2.48M).

Imports In 2019, Austria imported $4.02B in Refined Petroleum, becoming the 41st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in Austria. Austria imports Refined Petroleum primarily from: Germany ($2.58B), Slovakia ($379M), Italy ($347M), Slovenia ($245M), and Hungary ($218M).

The fastest growing import markets in Refined Petroleum for Austria between 2018 and 2019 were Spain ($24.8M), Malta ($6.15M), and Russia ($5.27M).

Tariffs In 1990, the average tariff for Austria in Refined Petroleum was 652%. The countries with the highest import tariffs for Refined Petroleum were Botswana (Most Favoured Nation duty rate treatement, 1.04k%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 1.04k%), Cameroon (Most Favoured Nation duty rate treatement, 1.04k%), Republic of the Congo (Most Favoured Nation duty rate treatement, 1.04k%), and Algeria (Most Favoured Nation duty rate treatement, 1.04k%).

Historical Data

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EXPORTS (2019): $1.74B

IMPORTS (2019): $4.02B

NET TRADE (2019): -$2.29B

In 2019, Austria exported $1.74B in Refined Petroleum. The main destinations of Austria exports on Refined Petroleum were Hungary ($662M), Germany ($289M), Slovakia ($242M), Slovenia ($196M), and Czechia ($178M).

In 2019, Austria imported $4.02B in Refined Petroleum, mainly from Germany ($2.58B), Slovakia ($379M), Italy ($347M), Slovenia ($245M), and Hungary ($218M).

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IN 2019, Austria HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Austria HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Austria WERE (2018 - 2019):

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

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Market Concentration

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In 2019, Austria' main exporting competitors in Refined Petroleum were:

In 2019, Austria' main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 1990, the average tariff for Austria in Refined Petroleum was 652%.

The countries with the highest tariffs for Refined Petroleum in Austria were Botswana (Most Favoured Nation duty rate treatement, 1.04k%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 1.04k%), Cameroon (Most Favoured Nation duty rate treatement, 1.04k%), Republic of the Congo (Most Favoured Nation duty rate treatement, 1.04k%), and Algeria (Most Favoured Nation duty rate treatement, 1.04k%).